Idaho Farm Bureau's Podcast

Weekend market report: Milk prices fall

September 03, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Weekend market report: Milk prices fall
Chapters
Idaho Farm Bureau's Podcast
Weekend market report: Milk prices fall
Sep 03, 2020
Idaho Farm Bureau

Good Friday morning!

It’s a warm 66 degrees this morning in Boise and the Treasure Valley.  We’re having another heatwave. It’s a cool 57 in Poky a bit cooler in IF. Northern Idaho, low 60s…. WE have warmer temps in store for the weekend, Perfect harvest weather.

Corn futures rallied 5 cents on Thursday…Sep 20 Corn holding steady at $3.44, up a penny this past week.

Winter wheat futures were in the red, but spring wheat futures start with an upwards trend. Chicago wheat opens day down by as much as 6 cents, and KC HRW futures open 3 to 4 cents lower. MPLS HRS futures open the day fractionally higher except a 2 cent gain in Sept.  Over in..
Burley
|  - Soft White Wheat | 4.50 | down 5
| - Hard Red Winter | 4.50 | down 5
| - Hard Red Spring | 5.00 | down 10
| - Barley | 6.25 | unchanged
| - Hard White | 4.50 | down 5

Milk prices open up at $16.77 per hundred weight, and continues to fall…

Thursday cattle futures trading open with 27 cent losses for the front-month contracts. Feeder futures open $0.77  lower this morning. The CME Feeder Cattle Index is down 67 cents to $139.68. USDA reports moderate cash sales activity at $102 in TX, $103 in KS, and some light $102-trade in NE. The bulk of the week’s sales have been at $103. 

All grades of Alfalfa hay remain steady to strong.  Demand is moderate

Timothy going up to $200 a ton…
Supreme going for 180 per ton
Premium           170                
Good                130      

That's it for the Friday y 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

Good Friday morning!

It’s a warm 66 degrees this morning in Boise and the Treasure Valley.  We’re having another heatwave. It’s a cool 57 in Poky a bit cooler in IF. Northern Idaho, low 60s…. WE have warmer temps in store for the weekend, Perfect harvest weather.

Corn futures rallied 5 cents on Thursday…Sep 20 Corn holding steady at $3.44, up a penny this past week.

Winter wheat futures were in the red, but spring wheat futures start with an upwards trend. Chicago wheat opens day down by as much as 6 cents, and KC HRW futures open 3 to 4 cents lower. MPLS HRS futures open the day fractionally higher except a 2 cent gain in Sept.  Over in..
Burley
|  - Soft White Wheat | 4.50 | down 5
| - Hard Red Winter | 4.50 | down 5
| - Hard Red Spring | 5.00 | down 10
| - Barley | 6.25 | unchanged
| - Hard White | 4.50 | down 5

Milk prices open up at $16.77 per hundred weight, and continues to fall…

Thursday cattle futures trading open with 27 cent losses for the front-month contracts. Feeder futures open $0.77  lower this morning. The CME Feeder Cattle Index is down 67 cents to $139.68. USDA reports moderate cash sales activity at $102 in TX, $103 in KS, and some light $102-trade in NE. The bulk of the week’s sales have been at $103. 

All grades of Alfalfa hay remain steady to strong.  Demand is moderate

Timothy going up to $200 a ton…
Supreme going for 180 per ton
Premium           170                
Good                130      

That's it for the Friday y 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