Slower Cash Cattle

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. Slower Cash Cattle put a damper on the Beef Market, as Futures continue correction. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Up 1 ½, to finish at 5-76 ¼. May Corn was Up 1, to finish the day at 4-29 ½. Kansas City Hard Red Winter Wheat prices for May were Up 6 ¼, to settle at 5-87 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 6-35 to 6-65. Soft white wheat with 10 ½ % Protein prices for April were Dn 05 to Unch, ranging 6-10 to 6-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for April were Up 6 ¼, ranging from 6-52 ¼ to 6-62 ¼. DNS wheat with 14 % protein, prices for April were Up 3, ranging from 7-44 to 7-54.

Live Cattle for April were Dn $.77 ½, closing at 185.35. April Feeder Cattle were Dn $1.37 ½, to finish the day at 253.72 ½. March Class III milk was Dn $.28, to settle at 16.96.