Idaho Farm Bureau's Podcast

Weekend market report:Milk, corn bullish

October 01, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Weekend market report:Milk, corn bullish
Chapters
Idaho Farm Bureau's Podcast
Weekend market report:Milk, corn bullish
Oct 01, 2020
Idaho Farm Bureau

It’s a cool 49 degrees this morning in the Treasure Valley.  Its a chilly40 in Poky 36 in IF,  Northern Idaho it's 49 this morning in CDA a bit colder in Sandpoint…. Afternoon temps will hit the 60s 70s.

On the markets, Dec. 20 Corn futures trading at $3.82 up 3 cents. Corn futures continue to improve

Wheat gave back some of the gains all this week…

Dec 20 CBOT Wheat closed at $5.70 1/4, down 7 3/4 cents,
Dec 20 KCBT Wheat closed at $5.06 1/2, down 3 1/4 cents,
Dec 20 MGEX Wheat closed at $5.33 1/2, down 6 3/4 cents,

Over in Meridian:

 Soft White Wheat | 4.53 | down 10
 Hard Red Winter | 5.20 | down 5
 DNS 14% | 5.33 | down 1
 Corn | 4.28 | unchanged

Milk is on the rise thanks to strong domestic demand and strong retail, add good exports, and somewhat tighter milk supplies now trading at  20.08 per hundredweight.  Projected October prices are in the 18 dollar range. Milk has been up and down the past 6 weeks, so hold on…

Cattle futures open this morning 52 cents lower to 22 cents higher in the front months. Feeders were lower on Thursday with losses of 42 to 80 cents. The CME Feeder Cattle Index opens 20 cents lower at $142.38. The wide cash range continued for Thursday, with live sales reported from $104 to $109 and $164 to $169 dressed.

The Idaho high-quality hay is steady at  $190-180, good quality fetching a strong $140. demand is steady.

That's it for the Weekend market report from the voice of Idaho Agriculture, I'm Jake Putnam

Show Notes

It’s a cool 49 degrees this morning in the Treasure Valley.  Its a chilly40 in Poky 36 in IF,  Northern Idaho it's 49 this morning in CDA a bit colder in Sandpoint…. Afternoon temps will hit the 60s 70s.

On the markets, Dec. 20 Corn futures trading at $3.82 up 3 cents. Corn futures continue to improve

Wheat gave back some of the gains all this week…

Dec 20 CBOT Wheat closed at $5.70 1/4, down 7 3/4 cents,
Dec 20 KCBT Wheat closed at $5.06 1/2, down 3 1/4 cents,
Dec 20 MGEX Wheat closed at $5.33 1/2, down 6 3/4 cents,

Over in Meridian:

 Soft White Wheat | 4.53 | down 10
 Hard Red Winter | 5.20 | down 5
 DNS 14% | 5.33 | down 1
 Corn | 4.28 | unchanged

Milk is on the rise thanks to strong domestic demand and strong retail, add good exports, and somewhat tighter milk supplies now trading at  20.08 per hundredweight.  Projected October prices are in the 18 dollar range. Milk has been up and down the past 6 weeks, so hold on…

Cattle futures open this morning 52 cents lower to 22 cents higher in the front months. Feeders were lower on Thursday with losses of 42 to 80 cents. The CME Feeder Cattle Index opens 20 cents lower at $142.38. The wide cash range continued for Thursday, with live sales reported from $104 to $109 and $164 to $169 dressed.

The Idaho high-quality hay is steady at  $190-180, good quality fetching a strong $140. demand is steady.

That's it for the Weekend market report from the voice of Idaho Agriculture, I'm Jake Putnam