Market report: Wheat, milk tumbles at Monday market opening
Idaho Farm Bureau's Podcast
English - December 07, 2020 13:00 - 2 minutes - 1.51 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
It’s 23 degrees this morning in the Treasure Valley. And a cool 16 in Poky, 14 in IF, Northern Idaho, it's 32 this morning in CDA and a bit colder in Sandpoint and clear across the state…. Afternoon temps will hit the 30s and 40’s. The cold temps will stick around till midweek.
On to the markets:
Corn opens the Monday session at $4.17, down 5 1/2 cents,
Wheat futures open this week with losses across the board:
| Mar 21 CBOT Wheat opens at $5.75, down 9 cents,
| Mar 21 KCBT Wheat is at $5.42, down 7 cents,
| Mar 21 MGEX Wheat opens at $5.50, down 3 cents,
|
Over in Blackfoot:
| - Soft White Wheat | 4.41 | down 5
| - Hard Red Winter | 5.08 | down 7
| - DNS 14% | 5.16 | down 5
| - Hard White | 5.08 | down 7
Milk continues to tumble, now trading at $15.35 per hundredweight, down a dime.
Live cattle futures opens12 to 22 cents lower on this Monday, save for a 72 cent drop in Dec as options rolled off the board. Feeder cattle futures opens the session mostly higher with 7 to 10 cent gains in the front months. Jan contracts start the week with a 2 cent loss. The CME Feeder Cattle Index is $139.18 on 12/3, down 43 cents.
Idaho Hay, supreme quality trading at $190, good quality going for $140 demand strong.
That's it for the market report from the voice of Idaho Agriculture, I'm Jake Putnam