Volatile Beef Market

This is Matt Rice with the Market Line Report for March 31st. Beef numbers down in the US creating demand as we start in to the 2nd QT. Let's check in with Virginia McGathey from the floor of the CME, as she breaks down the Cattle Market.

McGathey " ."

Chicago markets, Sept. wheat prices closed the day dn 4 ½, at 448 ¾. Chicago Sept. Corn prices were dn 1, to finish the week at 373. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were dn 4 ½ -Unch, ranging from 4-49 ¼ to 4-72. Hard Red Winter Wheat with 11.5 % protein, future prices for Aug. NC were dn 6, ranging from 5-05 ½ to 5-20 ½. DNS Wheat with 14 % protein, prices for Aug. NC were dn 1, ranging from 6-69 ¾ to 6-74 ¾. Aug. Live Cattle finished the week dn 82 ½ cents, at 106.62 ½. May Feeder cattle were dn $1.80, at 131.42 ½. May class III milk was up 28 cents at 15-91.