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Bob Larson Marketline Report for Monday, March 19th
by Bob Larson, click here for bio

Program: Market Line
Date: March 19, 2018

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This is Bob Larson with the Market Line Report for Monday, March 19th. Cattle market dips again on Friday. From the floor of the CME in Chicago, here's Terry Rogensack.

ROGENSACK ... "Cattle on feed, beginning of the month, about 8% above a year ago. The most recent cattle on feed report, we had 7.9% above a year ago. Third factor for the market is export sales have been running quite strong here in the past couple of weeks. Beef prices are setting at the highest level since June of last year and the cash market was quite firm at $128 this week. So, we go into next week, we’re probably looking at a firm cash cattle market. So, traders pressing April cattle under $121 with the cash market at $128 and maybe firming up over the next couple of weeks."

Chicago March Wheat prices closed yesterday dn 11 at 468 ¼

March corn was dn 4 at 382 ¾

Portland prices for soft white wheat of Ordinary Protein for May ended the day dn 1 ¼ ranging from 5-62 ¾ to 5-71 Hard Red Winter wheat with 11 ½ % protein, prices for March were dn 14 ranging from 6-29 ½ to 6-54 ½ DNS wheat with 14 % protein, prices for March were dn 3 ¾ ranging from 7-26 ¾ to 7-46 ¾

Live Cattle for April were dn $.60 at 120.90 March Feeder cattle are dn $.65 to 139.95 March Class III milk was dn $.01 cents at 14.29

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