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Matt Rice Weekly Cattle Report
by Matt Rice, click here for bio

Program: Market Line
Date: February 13, 2017

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This is Matt Rice with the Market Line Report for Feb. 13th. The Livestock Market has been volatile over the week as the US dollar continues to play a key role in this industry. Let’s go over to Greg Sanders as he shares the weekly cattle update with the USDA.

Sanders “National Slaughter Cattle Review for Thursday, Feb. 9th, 2017. On Thursday, negotiated cash trade was mostly light on moderate demand in all feeding regions. Compared to last week in Nebraska, and the western Corn Belt, dress purchases sold mostly at $1.90 with a few up to $1.91. The bulk of live purchases for the week in the western Corn Belt has been mostly at $1.18.”

Let’s start with the Chicago markets, July wheat prices closed the day up 7 ¾ at 473 ½. Chicago July Corn prices were up 4 ¾, to finish the week at 387 ¾. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were unch to up 7 ¼, ranging from 4-67 to 4-91 ½. Hard Red Winter Wheat with 11.5 % protein, future prices for May were up 9 ¾, ranging from 5-53 ¼ to 5-58 ¼. DNS Wheat with 14 % protein, prices for May were up 3 ¾, ranging from 6-70 ¼ to 7 even. June Live Cattle finished the week dn $1, at 104.27 ½. May Feeder cattle were dn $1.35, at 121.45. March class III milk was dn 3 cents at 16-94.

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