Cattle trending up, wheat corn down
Idaho Farm Bureau's Podcast
English - September 25, 2020 04:00 - 2 minutes - 2.06 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to the Weekend market report…
It’s a pleasant 55 degrees this morning in Boise’s Treasure Valley. The smoke has started lifting again and clearing across the state. It's a cooler in Poky and IF, lows in the 50’s! Northern Idaho it's 55 this morning in CDA a bit colder in Sandpoint…. Afternoon temps will hit the 70s and 80’s.
On the markets, Corn trading $3.65 down 10 cents this past week.
Friday morning wheat trading has futures extending losses. SRW futures are down 1 to 2 cents so far. HRW futures are down 2 to 4 cents this morning.
Dec 20 CBOT Wheat is at $5.47, down 1 and a quarter cents,
Dec 20 KCBT Wheat is at $4.81, down 3 and a quarter cents,
Dec 20 MGEX Wheat is at $5.31, that's down 1 and three-quarter cents,
Over in Meridian:
Soft White Wheat | 4.53 | down 10
Hard Red Winter | 5.20 | down 5
DNS 14% | 5.33 | down 1
Corn | 4.28 | unchanged
Milk is steady, now at $16.31 up 5 cents from last Friday.
Friday Front-month cattle futures are trading with 35 to 57 cent gains this morning. And Feeder cattle futures are trading with 30 to 65 cent gains. September feeder cattle futures expire at the close this afternoon. The CME Feeder Cattle Index is seeing a $.28-cent premium to Sept futures, at $142.28. USDA reported light Thursday cash sales mostly at $105. The week’s range of sales so far is $103 to $105.25. Dressed sales were reported at $164
The export market for high-quality hay is steady at $170-180 because of supply. Clean and green hay is fetching $120. The export market in Washington is a little weaker because of supply With the 4th cut in progress there’s a lot of supply now, but demand, steady.
That's it for the weekend market report from the voice of Idaho Agriculture, I'm Jake Putnam