Bargain Wheat
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Tuesday. The Wheat Market kicks the week off with a rally, after buyers take advantage of lower prices. 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 6 ¼, to finish at 5-64. May Corn was Up 5 ¼, to finish the day at 4-30. Kansas City Hard Red Winter Wheat prices for May were Up 15 ¾, to settle at 5-80 ¼.
Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 6-05 to 6-65. Soft white wheat with 10 ½ % Protein prices for April were Unch, ranging 5-80 to 6-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for April were Up 15 ¾, ranging from 6-45 ¼ to 6-55 ¼. DNS wheat with 14 % protein, prices for April were Up 15 ¾, ranging from 7-44 ½ to 7-54 ½.
Live Cattle for April were Dn $1.77 ½, closing at 186.67 ½. April Feeder Cattle were Dn $2.25, to finish the day at 255.75. March Class III milk was Dn $.20, to settle at 16.58.