Grains End the Day Down Monday

I'm KayDee Gilkey the Market Line Report for Tuesday, May 9th. From Allendale Brokers is John Georgy with comments on Monday's markets.

Georgy: "Grain markets are down about a nickel in most cases. A lot of that is due to the favorable weather forecast for the mainly Northern states and the Western states look pretty good as well. Southern states look like they are going to get more precipitation and the East is pretty soggy so we do expect some planting delays in that area."

Chicago May Wheat prices closed Monday down 8 and 3/4 cents at 4-33 and 1/2. July corn ended the day down 4 and 3/4 cents at 3-66.

Portland prices for June soft white wheat of Ordinary Protein ended the day between 8 and 3/4 and 15 cents ranging from 4-53 and 1/2 to 4-70. Hard Red Winter wheat with 11.5% protein, prices for June were down 5 and 3/4 cents ranging from 5-14 and 1/4 to 5-29 and 1/4. DNS wheat with 14 % protein, prices were down 9 and 1/2 cents ranging from 6-64 and 3/4 to 7-02 and 3/4.

June live cattle were down 52 and half cents on Monday at 127-77 and half. August feeder cattle were up $3.22 and half at 156-65. June class III milk was down a penny at 15-86.