# Marketline Report for Wednesday, January 3rd - AG INFORMATION NETWORK OF THE WEST

> Live cattle futures rose sharply on Tuesday after a holiday weekend, with cash cattle traded at $123 and choice boxed beef rebounding above $200. March Chicago wheat closed up 6.5 cents at 434.25 and March corn rose 2.5 cents to 353.25. January Class III milk slipped 5 cents to $14.03.

- Date: 2018-01-03 · published 2018-01-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5200-marketline-report-for-wednesday-january-3rd-ag-information-network-of-the-west
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firm cash cattle and boxed beef prices support feeder and live cattle values, which raise the cost of finished-animal feeding. Small moves in grain and milk futures signal routine price action without a new supply shock.

## Read by commodity

- MILK: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- aginfo.net: https://www.aginfo.net/report/38933/Marketline-Report-for-Wednesday-January-3rd

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.