Daily News Reports »

Bob Larson Marketline Report for Friday, February 23rd.
by Bob Larson, click here for bio

Program: Market Line
Date: February 23, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Friday,_February_23rd..mp3

This is Bob Larson with the Market Line Report for Friday, February 23rd. The Cattle market continues a downward trend Thursday. From the floor of the CME in Chicago, here’s Virginia McGathey ...

McGATHEY ... “Cattle was lower. It seems that the cash cattle trade really just traded all the way down. It looks like we’re heading for a total weekly low. Operators have really dropped their bids and it seems that traders were expecting that there was going to be some higher prices, but they just didn’t come. And so, even though wholesale beef prices are higher, it’s possible that we just have seen the high for the season right now and that’s certainly what it looks like and everyone’s kind of concerned about that. The market really dropped yesterday and today it did go lower, but not extremely lower like it did yesterday, but it is like looking weaker. Also, we saw that in the feeders as well because the feeders were slipping. It seems like the optimism is kind of drying up down the way.”

Chicago March Wheat prices closed yesterday up 4 at 450 ¾

March corn was up 1 at 366 ¾

Portland prices for soft white wheat of Ordinary Protein for February ended the day unch ranging from 5-30 to 5-62 Hard Red Winter wheat with 11 ½ % protein, prices for February were up 5 ranging from 6-15 ¾ to 6-40 ¾ DNS wheat with 14 % protein, prices for February were up 1 ¾ ranging from 7-18 to 7-33

Live Cattle for February were dn $1.30 at 128.17 ½ March Feeder cattle are dn $.65 to 145.97 ½ February Class III milk was dn $.02 cents at 13.44

Recent Reports from Market Line

Click here to see Archived Reports