Grains Down, Spirits Up
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.Horwitz "."
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.