Tommy Allen Markets
by Tommy Allen, click here for bio

Program: Market Line
Date: February 10, 2017

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This is Matt Rice with the Market Line Report for Feb. 10th. With the USDA Grain report in the books, markets trending mostly higher throughout the day, however, some didn’t fare so well. Here’s Scott Shellady from the floor of the CME, to explain his read on the USDA report and yesterdays market.

Schellady “.”

Let’s start with the Chicago markets, July wheat prices closed the day up 11 at 466. Chicago July Corn prices were dn 1 ½, to finish the day at 384 ¼. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were up 1 to 15, ranging from 4-67 to 4-84 ¼. Hard Red Winter Wheat with 11.5 % protein, future prices for May were up 8 ¾, ranging from 5-43 ½ to 5-48 ½. DNS Wheat with 14 % protein, prices for May were dn 20 ¾, ranging from 6-66 ½ to 6-96 ½. June Live Cattle finished the day up just 2 ½ cents, at 105.25. May Feeder cattle were up $1.15, at 123.07 ½. March class III milk was dn 2 cents at 16-92.

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