Chicago Board of Trade

Grain and soybean futures retreated Wednesday on the Chicago Board of Trade.

Wheat for May delivery fell 7 cents to $3.61 a bushel; May corn fell 3 cents to $2.25 1/2 a bushel; May oats fell 2 3/4 cents to $1.56 a bushel; May soybeans fell 7 1/2 cents to $6.73 1/2 a bushel.

Pork futures increased on the Chicago Mercantile Exchange. Beef futures finished lower.

April live cattle fell .08 cent to 89.67 cents a pound; April feeder cattle fell .05 cent to $1.047 a pound; April lean hogs rose .70 cent to 71.27 cents a pound; May pork bellies rose .85 cent to 91.20 cents a pound.

Local markets

As of Wednesday’s close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator — Wheat, $3.44; corn, $1.91; milo, $1.76; soybeans, $6.24. Edgerton Elevator — Wheat, $3.44; corn, $1.91; milo, $1.76; soybeans, $6.24. Overbrook Elevator — Wheat, $3.44; corn, $1.91; milo, $1.76; soybeans, $6.24. Midland Elevator — Wheat, NA; corn, $1.95; milo, NA; soybeans, $6.24. Lawrence North Elevator — Wheat, NA; corn, $1.95; milo, NA; soybeans, $6.24. Lawrence South Elevator — Wheat, $3.44; corn, $1.91; milo, $1.76; soybeans, $6.24. Pauline Elevator — Wheat, NA; corn, $1.99; milo, $1.81; soybeans, $6.24.

St. Joseph livestock

Quotations for Wednesday:

Receipts: 2,600. Last week: 2,030. Year Ago: 3,041.

Compared to last week, feeder steers and heifers opened steady on a light test. Stocker cattle weighing under 700 lbs opened 4.00-7.00 higher with buyers being very aggressive. A larger percentage of the calves this week were new crop and carrying considerably more flesh. The best demand is for the thinner stockers weighing from 400-650 lbs.

Feeder Steers: Medium and Large 1 400-500 lbs 144.00-155.25; 500-600 lbs 134.25147.00, pkg fancy 510 lbs 153.00; 600-700 lbs 123.00-135.00, fleshy 113.25-115.00; 700-800 lbs 106.25-112.50, fleshy 107.75-110.75; pkg 835 lbs 104.50; 850-900 lbs fleshy 98.75-102.75. Medium and Large 1-2 pkg 370 lbs 149.50; 400-500 lbs 130.00-139.00; 650-700 lbs 109.50-110.00; pkg 790 lbs 102.00.

Feeder Heifers: Medium and Large 1 400-500 lbs 131.50-143.25; 500-600 lbs 121.00-128.50; pkg 670 lbs 110.50; pkg fleshy 680 lbs 104.25; pkg fleshy 760 lbs 97.75; pkg fleshy 895 lbs 94.00. Medium and Large 1-2 400-500 lbs 121.25-133.00; 500-600 lbs 114.50-116.00; 600-700 lbs 102.75-108.00.

Feeder Bulls: Medium and Large 1 pkg 545 lbs 134.50; pkg 625 lbs 126.00.

Nonferrous metals

Spot nonferrous metal prices Wednesday:

Aluminum – 91.5 cents per lb., London Metal Exch. Wed.

Zinc – 68.42-68.67 cents lb., delivered.

Gold – $443.70 troy oz., NY Merc spot Wed.

Silver – $7.425 troy oz., N.Y. Merc spot Wed.

Platinum – $879.00 troy oz., N.Y. (contract).