Heat wave helps hot markets

Good Monday morning!

It’s a warm 70 degrees this morning in Boise and the Treasure Valley. It's a cooler 64 in Poky and IF. Northern Idaho, 63…. WE have warm temps but we’ll have slightly cooler temps this coming week, but perfect farm weather for the week.

With all the storm damage in the midwest Corn prices up with double-digit gains over the week:

Sep 20 Corn opens at $3.25, up 10 3/4 cents

At the closing bell on Friday, the domestic wheat futures markets were in the black. Chicago futures open the day 5 to 6 cents higher. KC HRW futures open up by 6 cents. Spring wheat futures rallied 4 cents Friday.

Over in

 | Burley | 
| 

| - Soft White Wheat | 4.08 | up 6
| - Hard Red Winter | 4.08 | up 6
| - Hard Red Spring | 4.46 | up 6
| - Barley | 6.25 | up 25
| - Hard White | 4.08 | up 6

Milk prices open up at $19.80 per hundredweight, losing nearly 4 cents over this past week.

cattle futures open 70 cents higher in the 2020 contracts. The deferred futures are down 12 cents. There are another 6 tenders against August futures yesterday, USDA notes light trading from $103 to $106. The bulk of the week’s trades are $104-$105 in the South and mostly $104-107 in the North. Feeder cattle futures open down by 30. cents.

All grades of Alfalfa hay steady. There's been A lack of higher testing; new crop Alfalfa has stepped up demand. An abundance of feeder quality rained on hay has put pressure on the market for that commodity. 

Supreme going for 189 per ton

Premium           175                

Good              150    

That's it for the Monday market report…You can check out the market prices on the Idaho Farm Bureau web page… for the voice of Idaho Agriculture, I'm Jake Putnam