# Marketline Report for Wednesday, May 30th - AG INFORMATION NETWORK OF THE WEST

> Chicago July wheat closed down 6.5 cents at $5.38 and July corn fell 6 cents to $3.99¾. Live cattle for June dropped $1.52½ to $103.22½, while August feeder cattle rose $0.05 to $144.95. May Class III milk was up a cent at $15.18.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9764-marketline-report-for-wednesday-may-30th-ag-information-network-of-the-west
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [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

Lower grain and live cattle futures reflect routine market moves with no new supply or demand shock, so near-term feed cost pressure is limited.

## Read by commodity

- CORN: bearish ▼
- MILK: neutral
- WHEAT: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bearish ▼

## Sources

- aginfo.net: https://www.aginfo.net/report/40081/Marketline-Report-for-Wednesday-May-30th

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