Idaho Farm Bureau's Podcast

Weekend Market Report-Milk prices up 1.00 per hundred weight!

May 14, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Weekend Market Report-Milk prices up 1.00 per hundred weight!
Chapters
Idaho Farm Bureau's Podcast
Weekend Market Report-Milk prices up 1.00 per hundred weight!
May 14, 2020
Idaho Farm Bureau

It’s A cloudy 46 degrees this morning in Boise and the Treasure Valley. It's much colder in Poky and IF lows the mid-30s!  Northern Idaho, morning lows in the 40s….another perfect farming day. Look for afternoon temps in the 50’s and 60s. 70’s in some places chance of rain.

On the markets, Corn trading a full cent higher this morning. Jul 20 corn futures trading right now at $3.17, down a cent.

May futures open at $5.10 for SRW, and $4.58 for HRW, and $5- flat for a bushel of HRed Spring. The other front months open mixed in Chicago, July is up a half-cent while Dec a cent lower. KC HRW futures open 3 cents lower with steeper losses in new-crop contracts. MPLS wheat futures open fractionally lower. 

Milk opens as a commodities ‘top performer’ with news of government buyout money opening at. $13.54 per hundredweight,  up a full dollar from last Friday.

Live cattle futures open down $1.70 in the 2020 contracts, except for June which opens a quarter higher. Feeder cattle open $1.50 lower in the nearby contracts at Thursday’s closing bell. The CME Feeder Cattle Index is $123.95 up 43 cents. 

With COVID and dropping gas prices, Farmers have a concern about the future of corn. Stephanie Ho reports from Washington:

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 cloudy 46 degrees this morning in Boise and the Treasure Valley. It's much colder in Poky and IF lows the mid-30s!  Northern Idaho, morning lows in the 40s….another perfect farming day. Look for afternoon temps in the 50’s and 60s. 70’s in some places chance of rain.

On the markets, Corn trading a full cent higher this morning. Jul 20 corn futures trading right now at $3.17, down a cent.

May futures open at $5.10 for SRW, and $4.58 for HRW, and $5- flat for a bushel of HRed Spring. The other front months open mixed in Chicago, July is up a half-cent while Dec a cent lower. KC HRW futures open 3 cents lower with steeper losses in new-crop contracts. MPLS wheat futures open fractionally lower. 

Milk opens as a commodities ‘top performer’ with news of government buyout money opening at. $13.54 per hundredweight,  up a full dollar from last Friday.

Live cattle futures open down $1.70 in the 2020 contracts, except for June which opens a quarter higher. Feeder cattle open $1.50 lower in the nearby contracts at Thursday’s closing bell. The CME Feeder Cattle Index is $123.95 up 43 cents. 

With COVID and dropping gas prices, Farmers have a concern about the future of corn. Stephanie Ho reports from Washington:

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