Monday Market report: Local wheat up 2-cents

Good Monday morning—It's still winter in Idaho and snowpacks are just about back to normal levels, and above normal in many areas.

It’s 27 degrees this morning in the Treasure Valley, It's 19 in Poky, 17  in IF.  In Northern Idaho, it’s 34 and cloudy. On this first day of March.

On to the markets:

March Corn futures open this morning at $5.55 cents in Chicago that's up 3 quarters of a cent higher than Friday. AND Being the first day of the month, let's look at futures ways out:

 | Mar 21 CBOT Wheat opens at $6.55 1/4, down 16 3/4 cents,
 | May      CBOT                             6.72        down 15 1/4
 | July  21 CBOT                           $6.50, down 13 cents,
 |

But Local wheat opens on the rise and reporting modest gains across the board

 | Blackfoot | 

- Soft White Wheat | 5.27 | up 2
- Hard Red Winter | 5.37 | up 2
- DNS 14% | 5.59 | unchanged
- Hard White | 5.37 | up 2

Milk prices steady, now trading at  $15.63 per hundredweight this morning, a cent up from last week.

Finished cattle futures open down triple digits led by a $1.47 drop-in April. Feb futures open at $115.75. Feeder futures are also triple digits weaker with losses of $1.47 to $2.40 across the front months. The CME Feeder Cattle Index is $139.48, down a buck.

Idaho Hay, supreme quality trading up to  $200 good quality going for $160 feeder demand still tight.

That's it for the Monday Market report from the voice of Idaho Agriculture, I'm Jake Putnam