Weekend market report: Milk steady wheat up!
Idaho Farm Bureau's Podcast
English - November 06, 2020 12:00 - 2 minutes - 1.6 MB - ★★★★ - 6 ratingsNews idahofarmbureaupodcast idahoagriculture idahocattle idahofarms Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
It’s 39 degrees this morning in the Treasure Valley. And a cool 43 in Poky, 40 in IF, Northern Idaho, it's 37 this morning in CDA and a bit colder in Sandpoint with rain…. Afternoon temps will hit the 50s and 60’s. But much colder on Sunday
On the markets, Dec. 20 Corn futures opening at $4.09… Up 4 cents
Wheat opens up with modest gains across the board
Dec 20 CBOT Wheat closed at $6.09 1/4, up 3 1/4 cents,
Dec 20 KCBT Wheat closed at $5.63, up 3 1/4 cents,
Dec 20 MGEX Wheat closed at $5.61, up 4 cents,
Over in Burley
Soft White Wheat | 4.68 | unchanged
Hard Red Winter | 5.25 | up 8
Hard Red Spring | 5.45 | up 20
Barley | 6.50 | unchanged
Hard White | 5.25 | up 8
Milk is still steady hanks to strong domestic demand and strong retail, now trading at 23.54 per hundredweight.
Live cattle futures open the session up 40 to 67 cents in the front months, with Feb the strongest. Feeder cattle futures closed mostly lower, with a 25 cent gain in Jan feeders. The CME Feeder Cattle Index dropped 66 cents to $137.91.
Idaho supreme quality hay is trading at $180, good quality going for 160. demand good.
That's it for the Weekend market report from the voice of Idaho Agriculture, I'm Jake Putnam