Worry Plagues Cattle Market

I’m Susan Allen and this is Fridays Market Line Report. I’m Susan Allen and this is Mondays Market Line Report. Despair, plunge, worry, were a few of the words used this week to describe the CME Cattle Futures with the uncertainty of how Monday’s decision on the final WTO ruling will shake out Here is the Northwest Direct Feeder cattle weekly summery with Greg Sanders:

 

“ This week we had 3750 head trade compared to two weeks ago Friday. Trade remains slow with light to moderate demand Feeder cattle were one to three dollars lower. Wednesday cattle futures closed sharp lower on both live and feeder cattle contracts with triple digits loses noted on all issue due to long liquidation and cash uncertainty.”

 

Chicago December Wheat ended Monday up 6½ at 470 ½ . December Corn ended the day up 6 cents at 376 1/4 .

Bids for US 1 Soft White Wheat delivered to Portland were not available as most exporters are not issuing bids for nearby delivery.

White Club wheat 10.5 pct protein

for Dec 7.8800-8.4600unch

Bids for 11.5 percent protein Hard Red Winter Wheat for December delivery 5.60 ½ -5.75 ½ up 4.00-dn 1.00.

DNS Wheat 14 percent protein for December up 3.50 from 6.3050-6.6050

December live cattle were down $1.75at 123.950. January feeder cattle were down .95 cents at 158.8