2021 Market report: grains, milk up
Idaho Farm Bureau's Podcast
English - January 04, 2021 14:00 - 2 minutes - 1.75 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
It’s 34 degrees this morning in the Treasure Valley we’ve had rain, Its 30 in Poky, 26 in IF. Northern Idaho, it’s 34 this morning in CDA and a bit colder in Sandpoint…. Scattered snow later in the week.
On to the markets: Corn futures posted the highest close of the year on the last trading day of 2020. And Nearby contracts are 8 to 9 ½ cents higher, Corn opens up 9 cents, at $4.84.
The wheat complex was mixed at the close of the final trade session of 2020, with all front months but March MPLS settling above $6. CBT December was down by a quarter-cent on the day but rallied 14% during 2020.
Mar 21 CBOT Wheat opens at $6.40, down 1/4 cent,
Mar 21 KCBT Wheat opens at $6.03 up 2 cents,
Mar 21 MGEX Wheat opens at $5.99, 3 cents,
Over in Meridian :
- Soft White Wheat | 5.65 | up 5
- Hard Red Winter | 6.26 | up 16 - DNS 14% | 5.91 | up 16
- Corn | 5.40 | unchanged
Milk inching up, now trading at $15.81 per hundredweight this morning, up 10 cents.
Front-month live cattle futures open 57 cents higher this morning. December fats expired at $112.95. Cash trade opens this week from $111-112. Feeders are up 12 to 47 cents. The CME Feeder Cattle Index is $138.77, up 6 cents.
Idaho Hay, supreme quality trading at $180, good quality going for $140 feeder demand steady.