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Tommy Allen Market Line
by Tommy Allen, click here for bio

Program: Market Line
Date: March 01, 2017

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This is Tom Allen with the Market Line Report. Markets across the board took a leap today. Here’s Virginia McGathey with the CME Group as she reports on the Livestock Market. March wheat futures closed 4.75 to 7.25 cents per bushel higher

compared to Monday’s closes. May wheat futures closed two to 6.50 cents

per bushel higher compared to Monday’s closes.Bids for US 1 Soft White Wheat delivered to Portland in unit trains and barges for February delivery ordinary protein trended steady to 25

cents per bushel higher compared to Monday’s noon bids for the same

delivery period. Some exporters were not issuing bids for nearby

delivery. Bids for guaranteed maximum 10.5 percent protein trended five

cents per bushel higher compared to Monday’s noon bids for the same

delivery period. Some exporters are not issuing bids for nearby

delivery.Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for Februarydelivery trended 7.50 cents per bushel higher compared to Monday’s noonbids for the same delivery period.

Starting with those Chicago markets, July wheat prices closed at 458 ¾. Chicago July Corn prices were up, to finish the Friday at 380 ¼. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were ranging from 4.6825-4.7900. Hard Red Winter Wheat with 11.5 % protein, future prices for May were ranging from 5.4900-5.5900. DNS Wheat with 14 % protein, prices for May were ranging from 6.7575-6.8075 .

June Live Cattle finished the day up at 107.40. May Feeder cattle were up at 124.50. April class III milk was up 16 cents at 16-17.

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