Daily News Reports »

Bob Larson Marketline Report for Tuesday, September 18th
by Bob Larson, click here for bio

Program: Market Line
Date: September 18, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Tuesday,_September_18th.mp3

This is Bob Larson with the Market Line Report for Tuesday, Sept 18th. Cattle stays strong while trading both sides of unchanged Monday. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY … “We were wondering if the market was going to hold up after that big rally on Friday, but it’s another new record high that we were able to breach just enough to let us know that it’s here to stay. The futures really reached that new six month high with strong demand that’s continuing a lot of short covering, some technical buying and that’s keeping the market moving. Very stong movement after weeks and weeks of the market really just hovering in a particular channel. So, this breakout was really significant and it also helped the feeders as well. The feeders were steady today, but they did trade on both sides of the market. The momentum is adding some support to the futures and so that’s giving it somewhat of a lift.”

Chicago Dec Wheat prices closed yesterday dn 5 ¼ at 507 ¾

Dec Corn was dn 3 ¾ at 347 ½

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day up 10 ranging from 5-90 to 5-95 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were dn 3 ½ ranging from 6-12 ¾ to 6-22 ¾ DNS wheat with 14 % protein, prices for Sept were up 3 ranging from 6-60 ¼ to 6-65 ¼

Live Cattle for Oct were dn .37 ½ at 113.17 ½ Sept Feeder cattle are dn $.10 to 157.10 Sept Class III milk was up .01 cents at 16.12

Recent Reports from Market Line

Click here to see Archived Reports