Idaho Farm Bureau's Podcast

Weekend market report

May 28, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Weekend market report
Chapters
Idaho Farm Bureau's Podcast
Weekend market report
May 28, 2020
Idaho Farm Bureau

It’s a much warmer 69 degrees this morning in Boise and the Treasure Valley the warmest morning since last September. It's 60 in Poky and IF,  Northern Idaho, morning lows in the 60s….another perfect farming day. Look for hot afternoon temps in the 80’s and 90. With that heat comes the chance of thundershowers.

On the markets, Corn trading a full cent higher this morning. Jul 20 corn futures trading right now at $3.29, that's up 7 cents from last week.

Two of the wheat markets open the weekend session with double-digit gains. KC HRW wheat futures is the strongest with futures opening 2.2% higher. Chicago wheat futures open 2% higher, with Sept futures at $5.17 per bu. Minneapolis spring wheat is up 1.2% with Sept futures at $5.30 3/4 /bu.  So wheat opens with momentum going into the weekend.

Milk holding steady at $12.20 per hundredweight, and continues to rally.

Live cattle futures open with highs and lows this Friday. Yesterday we saw futures 10 to 67 cents higher at the closing bell. Front-month feeder cattle futures open up after posting losses Thursday…we’re seeing triple-digit gains in Aug and Sept futures. The May 26 Feeder Cattle Index from CME opens 33 cents lower to $126.11.

We saw the highs and lows this morning in the market, What’s going on with retail beef prices and what's ahead? Gary Crawford reports:


Show Notes

It’s a much warmer 69 degrees this morning in Boise and the Treasure Valley the warmest morning since last September. It's 60 in Poky and IF,  Northern Idaho, morning lows in the 60s….another perfect farming day. Look for hot afternoon temps in the 80’s and 90. With that heat comes the chance of thundershowers.

On the markets, Corn trading a full cent higher this morning. Jul 20 corn futures trading right now at $3.29, that's up 7 cents from last week.

Two of the wheat markets open the weekend session with double-digit gains. KC HRW wheat futures is the strongest with futures opening 2.2% higher. Chicago wheat futures open 2% higher, with Sept futures at $5.17 per bu. Minneapolis spring wheat is up 1.2% with Sept futures at $5.30 3/4 /bu.  So wheat opens with momentum going into the weekend.

Milk holding steady at $12.20 per hundredweight, and continues to rally.

Live cattle futures open with highs and lows this Friday. Yesterday we saw futures 10 to 67 cents higher at the closing bell. Front-month feeder cattle futures open up after posting losses Thursday…we’re seeing triple-digit gains in Aug and Sept futures. The May 26 Feeder Cattle Index from CME opens 33 cents lower to $126.11.

We saw the highs and lows this morning in the market, What’s going on with retail beef prices and what's ahead? Gary Crawford reports: