Weekly Feeder Cattle Dropping Lower

Weekly Feeder Cattle Dropping Lower

Matt Rice
Matt Rice
I'm Matt Rice with the Market Line Report for Feb 8th. Today we take a look at last Fridays weekly cattle review where we saw Feeder Cattle take most of the damage. Greg Sanders goes over the details with the direct weekly feeder cattle summary.

Sanders- "National Slaughter Cattle Review for Thursday, Feb 4th 2016 negotiated cash trading in the Texas Panhandle and Northern plains was at a standstill. In Kansas and the western corn belt trading was mostly inactive on very light demand, not enough sales for a market trend. A few steers sold at $1.34 on a live basis."

Chicago March Wheat ended last week dn 6, at 466 ½. March corn ended Friday dn 2 ¾, at 365 ½. Portland prices for soft white wheat of ordinary protein for Feb were dn 10, ranging from 5-22 to 5-31 ¾. Hard Red Winter wheat with 11 ½ % protein, prices for Feb dn 5 ¾, ranging from 5-49 to 5-54. DNS wheat with 14 % protein, prices for Feb were dn 3 ¼, ranging from 5-96 ¼ to 6-21 ¼. Feb Live Cattle closed Friday dn $1.15, at 135.92 ½. March Feeder cattle took a hit, dn $3.25 at 153.27 ½. Feb class III milk was dn 11 cents, at 13-82.

Previous ReportRough Session in The Grain Market
Next ReportLivestock Shadowing Stock Markets