Brazil Markets Controlling US Numbers

This is Matt Rice with the Market Line Report for March 15th. Brazils grain industry controlling US markets, as prices looking gloomy over the day. Here's Virginia McGathey from the floor of the CME in Chicago to talk about the Grain Market.

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Chicago markets, July wheat prices closed the day dn ¾ at 445. Chicago July Corn prices were 1 ¼, to finish the day at 369 ½. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were dn 1-11, ranging from 4-55 ½ to 4-67. Hard Red Winter Wheat with 11.5 % protein, future prices for Aug. NC were dn ¾, ranging from 5-29 ¼ to 5-44 ¼. DNS Wheat with 14 % protein, prices for Aug. NC were up ½, ranging from 6-61 ½ to 6-66 ½. Aug. Live Cattle finished the day dn 70 cents, at 102.77 ½. May Feeder cattle were dn 47 ½ cents, at 126.35. May class III milk was up 10 cents at 15-74.