Cattle Showing Weaker Trades

I'm Matt Rice with the Market Line Report for December 1st. Livestock markets are seeing some lower trades today, few cattle moved during the holidays. Here's Jack Scoville as he shares his thoughts from the floor of the CME.

Scoville- "Livestock markets trading lower today, with most of the weakness being in cattle and feeder cattle. Feeder cattle especially weak, showing the biggest losses of the day. On the other hand, hogs holding in relatively well. Looks like the cattle and the feeder cattle weakness coming into some disappointment after the trade last week which was basically nonexistent, very little cattle moved. "

Chicago December Wheat ended last yesterday dn 5 3/4, at 460 1/4. December corn ended yesterday up 5 3/4, at 365 1/4. Portland prices for soft white wheat of ordinary protein for Jan, were dn 12, ranging from 4-75 1/2 to 5-38. Hard Red Winter wheat with 11 ½ % protein, prices for Dec. were up 5 3/4, ranging from 5-52 to 5-78. DNS wheat with 14 % protein, prices for Dec. were up 8 3/4, ranging from 6-43 ¼ to 6-68 1/4. Dec. live cattle closed yesterday dn $2.25, at 129.57 1/2. Jan. Feeder cattle were dn $3.77 1/2, at 162.25. Nov. class III milk was dn 4 cents, at 15-29.