Milk prices climbing!
Idaho Farm Bureau's Podcast
English - July 24, 2020 09:00 - 2 minutes - 1.77 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
It’s a warm 60 degrees this morning in Boise and the Treasure Valley. It's a chilly 57 in Poky and IF. Northern Idaho, 51….its going to be a great farming day with clear skies and hot summer temps in the forecast over the weekend.
Let's take a look at corn:
Sept. 20 corn futures opens at $3.28 in Chicago, that's up a 1/2 cent.
The wheat markets open this morning, weak. KC HRW futures fell the most with losses of as much as 7 cents. Soft RW wheat futures open 1 cent lower on the day. The national average wheat price from Commodity View also fell by a nickel maintaining the minus 16-cent basis.
Over in
| Meridian |
| - Soft White Wheat | 4.90 | down 10
| - Hard Red Winter | 4.73 | down 2
| - DNS 14% | 5.10 | up 2
| - Corn | 4.06 | unchanged
Milk prices open up at $24.43 per hundredweight, steady, up 20 cents this week.
Live cattle futures open down a buck from Thursday’s trading. Feeder cattle futures gave back all their gains this morning and opens mostly lower. August feeders maintained a nickel gain. The CME Feeder Cattle index is a $1.42 higher.
Driving through the Magic Valley lots of have moved and the quality is good, some hay got caught in the thundershowers on Thursday. Premium hay prices are steady: but demand flat with all this inventory.
Supreme $180, premium $170, good and rain damaged $125.00
That's it for the weekend 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