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Weekend market report: corn, wheat cattle up
Idaho Farm Bureau's Podcast
English - December 18, 2020 14:00 - 2 minutes - 1.67 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Good Friday morning…
It’s 34 degrees this morning in the Treasure Valley we’ve had scattered snow. And a cool 32 in Poky, 28 in IF, Northern Idaho, it’s 36 this morning in CDA and a bit colder in Sandpoint…. Scattered snow afternoon temps will hit the 30s and 40’s.
On to the markets:
At the CBOT open corn futures are at $4.32, up 10 cents since Monday.
CBT wheat futures rallied back on Thursday with double-digit gains for March and May contracts and still up this morning. The other nearby gained 9 to 9 1/2 cents. HRW wheat also opens in the black with 8 1/4 to 8 1/2 cent gains. Spring wheat futures open 8 cents higher.
| Mar CBOT Wheat opens at $6.08, up 10 1/4 cents,
| Mar KCBT Wheat is at $5.70, up 8 cents,
| Mar MGEX Wheat is at $5.67, up 8 cents,
Over in Burley
| - Soft White Wheat | 4.77 | up 10
| - Hard Red Winter | 5.35 | up 12
| - Hard Red Spring | 5.50 | up 8
| - Barley | 7.00 | unchanged
| - Hard White | 5.35 | up 12
Milk inching up, now trading at $15.61 per hundredweight this morning, down from Monday.
Cattle gaining this morning..Fat cattle futures are extending their gains 7 to 32 cents. December contracts open 12 cents lower. CME reported 35 deliveries against December cattle futures. Feeders open 27 to 70 cents higher. The CME Feeder Cattle Index is a nickel lower to $136.64. Follow through cash deals in from $102 - $105.
Idaho Hay, supreme quality trading at $160, good quality going for $140 demand steady.
That's it for the Weekend market report from the voice of Idaho Agriculture, I'm Jake Putnam