Marketline Report for Tuesday, January 2nd
This is Bob Larson with the Market Line Report for Tuesday, January 2nd. No trading on New Year's Day, but with Friday's cattle results from the floor of the CME in Chicago, here's Virginia McGathey ...
Virginia McGathey ... "The cattle today was a little bit lower. Prices are really starting to consolidate. Traders today were waiting for the cash buyers to come in. So far, nothing doing and the markets really starting to sink a little bit. Today's the last day of the December contract and that was kind of really was lower by almost $155. It still looks good overall for 2018. So, even though the market's come down and we're in that consolidated phase we're still watching closely. That's all from the floor of the CME group. Happy New Year from here in Chicago. I'm Virginia McGathey."
Chicago March Wheat prices closed yesterday dn ¾ at 427 ¼
March corn was dn 1 ¼ at 351
Portland prices for soft white wheat of Ordinary Protein for December ended the day dn ¾ ranging from 5-25 to 5-30 Hard Red Winter wheat with 11 ½ % protein, prices for December were up ½ ranging from 5-77 ¼ to 5-87 ¼ DNS wheat with 14 % protein, prices for December were dn 4 ¼ ranging from 7-34 ¾ to 7-49 ¾
Live Cattle for December were dn $1.55 at 123.00 January Feeder cattle are up $.40 to 146.35 December Class III milk was dn .02 cents at 15.40
