Idaho Farm Bureau's Podcast

Markets steady, cattle up!

July 16, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Markets steady, cattle up!
Chapters
Idaho Farm Bureau's Podcast
Markets steady, cattle up!
Jul 16, 2020
Idaho Farm Bureau

It’s a warm 62 degrees this morning in Boise and the Treasure Valley. It's a 64 in Poky and IF. Northern Idaho, 54….its going to be a great farming day with clear skies and hot summer temps in the forecast over the weekend.

Corn trading down this morning. Sep 20 Corn closed at $3.30 1/4, up 4 cents,

Wheat futures fell back double digits following big Wednesday. Soft Red Winter wheat futures open down 8 cents in Chicago. KC opens 10 and a quarter lower, and Hard Red Spring opens down by as much as 12. \

Over in Blackfoot:

 | - Soft White Wheat | 4.42 | down 5
 | - Hard Red Winter  | 4.20 | up 9
 | - DNS 14%             | 4.77 | down 17
 | - Hard White.          | 4.20 | up 9

Milk prices open up at $24.25 per hundredweight, steady, but up a cent from last week.

The cattle futures market extended triple-digit gains going into the weekend, with the front months opening $.97 higher. Feeder cattle futures open the day with gains of as much as $3.20 in the front months. The July 15 Feeder Cattle index from CME opens up 23 cents to $135.68. USDA reported light Thursday cash sales activity at $95 all major feeding regions. 

The second crop of hay is just about in on across Idaho and looking good. 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.


Show Notes

It’s a warm 62 degrees this morning in Boise and the Treasure Valley. It's a 64 in Poky and IF. Northern Idaho, 54….its going to be a great farming day with clear skies and hot summer temps in the forecast over the weekend.

Corn trading down this morning. Sep 20 Corn closed at $3.30 1/4, up 4 cents,

Wheat futures fell back double digits following big Wednesday. Soft Red Winter wheat futures open down 8 cents in Chicago. KC opens 10 and a quarter lower, and Hard Red Spring opens down by as much as 12. \

Over in Blackfoot:

 | - Soft White Wheat | 4.42 | down 5
 | - Hard Red Winter  | 4.20 | up 9
 | - DNS 14%             | 4.77 | down 17
 | - Hard White.          | 4.20 | up 9

Milk prices open up at $24.25 per hundredweight, steady, but up a cent from last week.

The cattle futures market extended triple-digit gains going into the weekend, with the front months opening $.97 higher. Feeder cattle futures open the day with gains of as much as $3.20 in the front months. The July 15 Feeder Cattle index from CME opens up 23 cents to $135.68. USDA reported light Thursday cash sales activity at $95 all major feeding regions. 

The second crop of hay is just about in on across Idaho and looking good. 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.