Wheat Ends Friday Stronger on the Day

Wheat Ends Friday Stronger on the Day

I’m KayDee Gilkey with the Market Line Report for March 30, 2015.
Soybeans and corn closed lower, while wheat found support after Thursday’s sell-off. USDA Grain and Livestock Reporter Greg Sanders gives an update on the region’s cattle market.
Sanders: “Direct cattle for this week in the Northwest, we had 4,000 head trade. Compared to last Friday’s feeder cattle were $1 to $6 higher. Trade was slow to moderate with good demand. Feeder steers of medium to large frame 1s and 2s current FOB price 850 to 900 pounds $190 to $193 in Washington and Oregon. Feeder heifers medium to large frames 1s and 2s 800 pounds $190 to $191 in Washington and Oregon. Replacement heifers on a per head basis medium to large frames 1s and 2s current FOB price 700 pounds at $1800 per head.”
Chicago May Wheat ended Friday up 8 and 1/2 cents at 5-07 and 3/4. May corn ended the day down a 1/4 of a cent at 3-91.
Portland prices for soft white wheat of ordinary protein were steady to up 8 and 1/2 cents at mostly 6-31 and 1/2. White club wheat of ordinary protein prices were steady to up 8 and 1/2 cents at mostly 8-71 and 1/2. Hard Red Winter wheat with 11.5 percent protein prices were up a dime at mostly 6-64. DNS wheat with 14 percent protein prices were up 11 and 3/4 cents at mostly 8-88.
June live cattle were up 97 and half cents on Friday at 152-97 and half. May Feeder cattle were up $2.35 at 218-12 and half. May class III milk was up 15 cents at 15-45.

 

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