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Bob Larson Marketline Report for Monday, June 25th
by Bob Larson, click here for bio

Program: Market Line
Date: June 25, 2018

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This is Bob Larson with the Market Line Report for Friday, June 22nd. Cattle trade maintained a even keel on Friday. From the floor of the CME in Chicago, here's Virginia McGathey.

MGATHEY ... "Cattle was steady today. Traders were really hoping for a replay of last week. We were holding our breath all week trying to get something going here. We’re not sure how it was, there has been some cattle sales. The on-feed report is expected after the close. That should be a very interesting play. We could be waiting for a while to get like a real shot in the arm right now. You know, the market has been consolidating somewhat and the cash cattle market has looked like it could be a little bit dicey and I think that’s why we’re seeing the market kind of moving on both sides of unchanged.”

Chicago July Wheat prices closed yesterday dn 4 at 489 ½

July Corn was dn ¼ at 357

Portland prices for soft white wheat of Ordinary Protein for June ended the day unch ranging from 5-90 to 6-00 Hard Red Winter wheat with 11 ½ % protein, prices for June were dn 4 ½ ranging from 6-13 ¾ to 6-38 ¾ DNS wheat with 14 % protein, prices for June were dn 3 ¾ ranging from 6-84 to 6-99

Live Cattle for June were dn $.37 ½ at 108.42 ½ Aug Feeder cattle are up $.72 ½ to 149.20 June Class III milk was dn .01 cents at 15.25

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