Idaho Farm Bureau's Podcast

Untitled Episode

September 10, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Untitled Episode
Chapters
Idaho Farm Bureau's Podcast
Untitled Episode
Sep 10, 2020
Idaho Farm Bureau

Welcome to the Weekend market report, and 2020 continues…yes I have a cold.

It’s a  nice 55 degrees this morning in Boise’s Treasure Valley. Its colder in Poky and IF, lows in the 40’s!  Northern Idaho its 55 in CDA and Sandpoint…. Afternoon temps in the 70s and 80’s The warm temperatures are back for a few days, fire danger remains high.

On the markets, Corn trading 7 cents higher this morning opening at $3.57 up 7 1/4 cents,

Winter wheat futures open higher from pre-report positioning. SRW opens 4 cents on the day, with a 6-cent rally for Sept futures. KC wheat opens with 2 to 3 cent gains, and Sept opens the day at $4.76 per bushel. Spring wheat fell back in the afternoon, closing fractionally lower. September futures expire on Monday. 

Over in Blackfoot: 
 
| - Soft White Wheat | 4.51 | up 7
| - Hard Red Winter | 4.34 | up 10
| - DNS 14% | 4.81 | up 5
| - Hard White | 4.34 | up 10

Milk continues to fall, now at $16.47 down a half cent.

Live cattle futures open 27 higher on Thursday. Front-month feeder cattle futures closed with $1.00 gains. The CME Feeder Cattle Index for September 9 was 12 cents stronger at $141.10. USDA reported some light cash trade on Thursday live cattle traded hands at $100-$102, and at $101 in NE and the South. The bulk of sales this week has been $101, however, trade has remained light in all feeding regions after Labor Day. 

Dairy quality hay…going for $170 to $180

That's it for the weekend market report from the voice of Idaho Agriculture

Show Notes

Welcome to the Weekend market report, and 2020 continues…yes I have a cold.

It’s a  nice 55 degrees this morning in Boise’s Treasure Valley. Its colder in Poky and IF, lows in the 40’s!  Northern Idaho its 55 in CDA and Sandpoint…. Afternoon temps in the 70s and 80’s The warm temperatures are back for a few days, fire danger remains high.

On the markets, Corn trading 7 cents higher this morning opening at $3.57 up 7 1/4 cents,

Winter wheat futures open higher from pre-report positioning. SRW opens 4 cents on the day, with a 6-cent rally for Sept futures. KC wheat opens with 2 to 3 cent gains, and Sept opens the day at $4.76 per bushel. Spring wheat fell back in the afternoon, closing fractionally lower. September futures expire on Monday. 

Over in Blackfoot: 
 
| - Soft White Wheat | 4.51 | up 7
| - Hard Red Winter | 4.34 | up 10
| - DNS 14% | 4.81 | up 5
| - Hard White | 4.34 | up 10

Milk continues to fall, now at $16.47 down a half cent.

Live cattle futures open 27 higher on Thursday. Front-month feeder cattle futures closed with $1.00 gains. The CME Feeder Cattle Index for September 9 was 12 cents stronger at $141.10. USDA reported some light cash trade on Thursday live cattle traded hands at $100-$102, and at $101 in NE and the South. The bulk of sales this week has been $101, however, trade has remained light in all feeding regions after Labor Day. 

Dairy quality hay…going for $170 to $180

That's it for the weekend market report from the voice of Idaho Agriculture