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Bob Larson Marketline Report for Friday, May 18th
by Bob Larson, click here for bio

Program: Market Line
Date: May 18, 2018

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This is Bob Larson with the Market Line Report for Thursday, May 17th. Cattle traders find a leveling off on Thursday. From the floor of the CME in Chicago, here's Larry Shover.

SHOVER ... "We have June live cattle trapped within a $2 trading range today. Although settling near its highs of 1.25% slightly above the $103.00 mark so a lot of people really relieved to see that happen toward the close. The biggest question is cattle attempting to find a bottom after a lot of the long liquidation we saw this week. On the month, we’re seeing the contract down almost 2% and on a year-to-day basis down almost 9.5% … unbelievable.”

Chicago July Wheat prices closed yesterday up 3 ¼ at 497 ½

July Corn was dn 4 at 395

Portland prices for soft white wheat of Ordinary Protein for July ended the day unch ranging from 5-75 to 5-90 ½ Hard Red Winter wheat with 11 ½ % protein, prices for May were up 5 ranging from 6-44 to 6-64 DNS wheat with 14 % protein, prices for May were up 3 ½ ranging from 7-64 ¾ to 7-79 ¾

Live Cattle for June were up $1.22 ½ at 103.00 May Feeder cattle are up $.37 ½ to 132.97 May Class III milk was dn .02 cents at 15.23

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