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Bob Larson Marketline Report for Friday, May 25th
by Bob Larson, click here for bio

Program: Market Line
Date: May 25, 2018

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This is Bob Larson with the Market Line Report for Friday, May 25th. The cattle market is mixed on Thursday. From the floor of the CME in Chicago, here's Larry Shover.

SHOVER ... "Overall, the cattle complex was mixed. Front month, 32 ½ to 52 ½ cents lower. Back months were slightly higher. August was actually close to the nearest low of the day down at 52 ½ cents. However, a brilliant bounce back in the market, 5 days, 3.13 %. Still struggling though with a 7 ½ % loss year-to-date. Wholesale boxed beef market was definitely mixed. We had choice boxes down $1.07 today at $229.01. On the other hand, select boxes were .14 cents higher at $205.18.”

Chicago July Wheat prices closed yesterday dn ¾ at 530 ½

July Corn was dn 4 ¼ at 404

Portland prices for soft white wheat of Ordinary Protein for May ended the day dn 12 ¼ ranging from 5-67 ¾ to 6-03 ¼ Hard Red Winter wheat with 11 ½ % protein, prices for May were dn 2 ¾ ranging from 6-74 to 6-99 DNS wheat with 14 % protein, prices for May were dn 7 ¼ ranging from 7-79 ¾ to 7-94 ¾

Live Cattle for June were dn $1.05 at 104.45 May Feeder cattle are up $1.50 to 136.45 May Class III milk was dn $.05 cents at 15.19

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