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Bob Larson Marketline Report for Friday, March 16th
by Bob Larson, click here for bio

Program: Market Line
Date: March 16, 2018

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This is Bob Larson with the Market Line Report for Friday, March 16th. Cattle market does some backing up on Thursday. From the floor of the CME in Chicago, here's Larry Shover.

SHOVER ... "The live cattle market, a reversal from yesterday. A $2.70 range today. Yesterday, hitting northward of $1.24, hard to believe. Reverse today, off about a dollar. At the close it was slightly more than a dollar. News was really mixed across the board. I think the trade was very technical. Many people think yesterday’s trade was about as technical as it got, but today was mixed. Wholesale markets, very, very mixed. Choice up about $1.06 at $225.17. Select, on the other hand, down .61 cents at $216.40."

Chicago March Wheat prices closed yesterday dn 10 at 479 ½

March corn was dn 2 at 386 ¾

Portland prices for soft white wheat of Ordinary Protein for April ended the day unch ranging from 5-40 to 5-71 Hard Red Winter wheat with 11 ½ % protein, prices for March were dn 11 ¼ ranging from 6-43 ½ to 6-68 ½ DNS wheat with 14 % protein, prices for March were dn 6 ¼ ranging from 7-30 ½ to 7-50 ½

Live Cattle for April were dn $1.15 at 121.90 March Feeder cattle are dn $1.42 ½ to 140.55 March Class III milk was up $.04 cents at 14.28

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