Idaho Farm Bureau's Podcast

Milk prices climbing!

July 24, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Milk prices climbing!
Chapters
Idaho Farm Bureau's Podcast
Milk prices climbing!
Jul 24, 2020
Idaho Farm Bureau

It’s a warm 60 degrees this morning in Boise and the Treasure Valley. It's a chilly 57 in Poky and IF. Northern Idaho, 51….its going to be a great farming day with clear skies and hot summer temps in the forecast over the weekend.

Let's take a look at corn:

Sept. 20 corn futures opens at $3.28 in Chicago, that's up a 1/2 cent.

The wheat markets open this morning, weak. KC HRW futures fell the most with losses of as much as 7 cents. Soft RW wheat futures open 1 cent lower on the day. The national average wheat price from Commodity View also fell by a nickel maintaining the minus 16-cent basis. 

Over in 

 | Meridian
 
| - Soft White Wheat | 4.90 | down 10
| - Hard Red Winter | 4.73 | down 2
| - DNS 14% | 5.10 | up 2
| - Corn | 4.06 | unchanged

Milk prices open up at $24.43 per hundredweight, steady, up 20 cents this week.

Live cattle futures open down a buck from Thursday’s trading. Feeder cattle futures gave back all their gains this morning and opens mostly lower. August feeders maintained a nickel gain. The CME Feeder Cattle index is a $1.42 higher. 

Driving through the Magic Valley lots of have moved and the quality is good, some hay got caught in the thundershowers on Thursday.  Premium hay prices are steady: but demand flat with all this inventory.

Supreme $180, premium $170, good and rain damaged $125.00                                                   

That's it for the weekend 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



Show Notes

It’s a warm 60 degrees this morning in Boise and the Treasure Valley. It's a chilly 57 in Poky and IF. Northern Idaho, 51….its going to be a great farming day with clear skies and hot summer temps in the forecast over the weekend.

Let's take a look at corn:

Sept. 20 corn futures opens at $3.28 in Chicago, that's up a 1/2 cent.

The wheat markets open this morning, weak. KC HRW futures fell the most with losses of as much as 7 cents. Soft RW wheat futures open 1 cent lower on the day. The national average wheat price from Commodity View also fell by a nickel maintaining the minus 16-cent basis. 

Over in 

 | Meridian
 
| - Soft White Wheat | 4.90 | down 10
| - Hard Red Winter | 4.73 | down 2
| - DNS 14% | 5.10 | up 2
| - Corn | 4.06 | unchanged

Milk prices open up at $24.43 per hundredweight, steady, up 20 cents this week.

Live cattle futures open down a buck from Thursday’s trading. Feeder cattle futures gave back all their gains this morning and opens mostly lower. August feeders maintained a nickel gain. The CME Feeder Cattle index is a $1.42 higher. 

Driving through the Magic Valley lots of have moved and the quality is good, some hay got caught in the thundershowers on Thursday.  Premium hay prices are steady: but demand flat with all this inventory.

Supreme $180, premium $170, good and rain damaged $125.00                                                   

That's it for the weekend 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