Monday Market Report with the Farm Bureau's Jake Putnam

Idaho Farm Bureau's Podcast

English - October 18, 2021 13:00 - 3 minutes - 2.41 MB - ★★★★ - 6 ratings
News idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Clark Johnston's Weekly Market Report: Wheat steady, feeder cattle futures up

Next Episode: IFBF Podcast: Beef production is up, Farmers getting relief

Good Monday morning…It's nice outside, we had warm temps over the weekend, perfect harvest weather!

It’s 45 degrees this morning in the Treasure Valley. a refreshing 40 in Poky a bit cooler in IF at 39. It’s 45 in Twin Falls and 39 in CDA.

Corn futures open with 6 1/2 to 9 cent gains. Dec 21CBOT Corn opens at $5.25 up 9 cents from last week.

Wheat futures are up by double digits so far this morning. CBT SRW futures are gaining 9 to 11 cents, leaving Dec contracts 2 cents higher over last week. KC HRW futures open 8 cents higher so far. Minneapolis wheat prices are adding 10 to the bounce this morning.

Dec 21 CBOT Wheat opens at $7.35 and that’s even with last week.

Over in Blackfoot prices are still strong

| - Soft White Wheat | 7.21 | Up 20
| - Hard Red Winter | 7.87 | Up 19
| - DNS 14% | 9.22 | Down 3
| - Hard White | 7.97 | Up 19

Live cattle futures open 22 to 75 cents higher on the board this morning. For December fats, we’re seeing a net 72 cent gain. Catch-up sales are reported mostly at $124, matching last week’s bulk. USDA noted most dressed sales for the week were near the $196 mark, though the range was as low as $193 and as high as $200. Feeder cattle open 72 cents in the red. The CME Feeder Cattle Index opens 66 cents lower at $153.35.

Heating oil opens at 68.16 up another two bucks from last week.

Milk staying steady… opens up at $17.96 per hundredweight…down slightly from last week.

World Sugar stands steady at 20 cents per pound, that’s up slightly…

The last crop of hay is just about complete. The buyers still testing hay and bidding but producers are in a holding mode. Reports show a lot of feed out there for the dairies Premium alfalfa in southern Idaho still going for $240 and higher grades bid at $230. The other regions of the state showing markets at $10 higher to $10 lower.

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