Marketline Report for Friday, October 13th

Marketline Report for Friday, October 13th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Friday, October 13th. The cattle market takes a hit on Thursday. With more from the floor of the CME in Chicago, here's Joe Vaclavik ...

Joe Vaclavik ... "Live cattle market was sharply lower here on Thursday following a string of higher closes. So, a little bit of a set-back here following what had been a multi-week rally in this live cattle market, just a little bit of a corrective set-back. I'm not ready to say that the party is over just yet, but we did set-back here a little bit. Cash cattle market has not seen a lot of action yet this week. We had some light cleanup trade Monday at the $110 price, I believe. We did not see any cash cattle exchange hands on the electronic fed cattle exchange yesterday. We did hear some rumors today, however, of some stronger bids in the south, I believe. So, we're going to wait and see what this cash market does, but for the moment the market taking kind of a breather."

Chicago Dec Wheat prices closed yesterday dn 2 ¾ at 430 ¾

December corn was up 3 at 348 ¾

Portland prices for soft white wheat of Ordinary Protein for October ended the day dn 2 ¾ ranging from 5-05 ½ to 5-31 Hard Red Winter wheat with 11 ½ % protein, prices for October were dn 2 ranging from 5-26 ¼ to 5-91 ¼ DNS wheat with 14 % protein, prices for October were dn 7 ¾ ranging from 7-21 ¼ to 7-41 ¼

Live Cattle for Oct were dn $1.42 ½ at 112.57 ½ October Feeder cattle are dn $.60 to 153.62 ½ October Class III milk was dn .01 cents at 16.70

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