Weekend Market Report: Corn, wheat, cattle, down
Idaho Farm Bureau's Podcast
English - December 04, 2020 14:00 - 2 minutes - 1.9 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to the Weekend market report…
It’s 19 degrees this morning in the Treasure Valley. And a cool 14 in Poky, 12 in IF, Northern Idaho, it's 23 this morning in CDA and a bit colder in Sandpoint with snow across the state…. Afternoon temps will hit the 30s and 40’s. The cold temps will stick around till next week.
On to the markets:
Corn opens the Friday session with 2- 3 and a half-cent gains, Dec. 20 Chicago corn futures opens at $4.22.
Front-month wheat futures turn south this morning for inside-day give-backs.
| Mar 21 CBOT Wheat opens at $5.84, down 4 cents,
| Mar 21 KCBT Wheat is at $5.49, down 4 cents,
| Mar 21 MGEX Wheat is at $5.53, down 2 1/2 cents,
Over in Burley:
| - Soft White Wheat | 4.65 | down 6
| - Hard Red Winter | 5.16 | down 4
| - Hard Red Spring | 5.33 | down 3
| - Barley | 6.75 | unchanged
| - Hard White | 5.16 | down 4
Milk continues to tumble, now trading at $15.45 per hundredweight.
Friday trading in the live cattle futures market has priced $0.95 cents weaker so far. Feeders are also triple digits in the red with morning losses of at least 87 cents. The CME Feeder Cattle Index is $139.87, down 43 cents. USDA confirmed cash sales remain light, with the bulk of the sales have taken place near $110 so far. The full range is $106.50 to $112. Dressed sales so far have been between $172-$174. Wholesale boxed beef prices are lower again this morning.
Idaho Hay, supreme quality trading at $190, good quality going for $140 demand strong.
That's it for the Weekend market report from the voice of Idaho Agriculture, I'm Jake Putnam