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

Program: Market Line
Date: February 20, 2017

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This is Matt Rice with the Market Line Report for Feb. 20th. Slower trade last week as the beef industry fell further into the cracks. Let’s go to Greg Sanders as he shares the Weekly Cattle Update with the USDA.

Sanders “National Slaughter Cattle Review for Thursday February 16th, 2017. Trading was limited with light demand in the Southern Plains on Thursday and into Friday morning. A few live purchases sold from $1.19 to $1.20, however, not a full market trend. For Thursday in the Northern Plains and Western Corn Belt, trading was limited on light demand, not enough sales for a market trend.”

Starting with those Chicago markets, July wheat prices closed the day dn 5 ¼, at 470 ¼. Chicago July Corn prices were dn 5 ¼, to finish the day at 383. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were unch to up ½, ranging from 4-67 to 4-84. Hard Red Winter Wheat with 11.5 % protein, future prices for May were dn 1 ¾, ranging from 5-49 ¼ to 5-54 ¼. DNS Wheat with 14 % protein, prices for May were dn 1 ½, ranging from 6-54 ½ to 6-84 ½. June Live Cattle finished the day up $1.22 ½, at 105.17 ½. May Feeder cattle were up 67 ½ cents, at 123.25. March class III milk was dn 7 cents at 16-86.

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