Grains Down, Spirits Up

Grains Down, Spirits Up

Matt Rice
Matt Rice
This is Matt Rice with the Market Line Report for May 18th. Todd Horwitz explains how lower prices could be the answer to a better grain market. Let's check in with Todd as he explains more from the floor of the CME in Chicago.

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Chicago July Wheat prices were dn 1 ¾, at 478 ½. July corn ended the day up 2 ½, at 397 ¾. Portland prices for soft white wheat of 10 ½ % protein for May were unch- dn 1 ¾, at mostly 5-50. Hard Red Winter wheat with 11 ½ % protein, prices for May were dn 2 ½, ranging from 5-31 ¾ to 5-38 ¾. DNS wheat with 14 % protein, prices for May were dn 2 ½, ranging from 6-16 ¾ to 6-41 ¾. June Live Cattle closed the day dn 20 cents, at 123.05. May Feeder cattle were dn 2 ½ cents, at 149.30. May class III milk was up 3 cents at, 12-78.

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