Idaho Farm Bureau's Podcast

Local wheat soars, national bearish

October 09, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Local wheat soars, national bearish
Chapters
Idaho Farm Bureau's Podcast
Local wheat soars, national bearish
Oct 09, 2020
Idaho Farm Bureau

It’s a cool 50 degrees this morning in the Treasure Valley.  It's a chilly 42 in Poky 39 in IF,  Northern Idaho, it's 52 this morning in CDA a bit colder in Sandpoint…. Afternoon temps will hit the 70s.

On the markets, Dec. 20 Corn futures opening at $3.88 down 2 cents this morning but up 4 cents on the week.

Wheat opens down across the board this week
 Dec 20 CBOT Wheat is at $5.95, down 11 cents,
 Dec 20 KCBT Wheat is at $5.29, down 15 cents,
 Dec 20 MGEX Wheat is at $5.41, down 8 cents,

Over in Blackfoot

- Soft White Wheat | 4.98 | up 10
- Hard Red Winter | 4.95 | up 11
- DNS 14% | 4.83 | up 4
- Hard White | 4.95 | up 11

Milk is still on the rise thanks to strong domestic demand and strong retail, now trading at  20.66 per hundredweight. 

Live cattle futures open down 25 to 55 cents in the front months at Thursday’s midday. Feeder cattle futures are down 17 to 70 cents as well. The CME Feeder Cattle Index is $142.71 which's down by 41 cents. USDA reported light trade at $107-$108 and $169 dressed on Thursday. Some reported bids open at $107 with asks at $110.

Idaho supreme quality hay is trading at  $190-180, good quality going for 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 50 degrees this morning in the Treasure Valley.  It's a chilly 42 in Poky 39 in IF,  Northern Idaho, it's 52 this morning in CDA a bit colder in Sandpoint…. Afternoon temps will hit the 70s.

On the markets, Dec. 20 Corn futures opening at $3.88 down 2 cents this morning but up 4 cents on the week.

Wheat opens down across the board this week
 Dec 20 CBOT Wheat is at $5.95, down 11 cents,
 Dec 20 KCBT Wheat is at $5.29, down 15 cents,
 Dec 20 MGEX Wheat is at $5.41, down 8 cents,

Over in Blackfoot

- Soft White Wheat | 4.98 | up 10
- Hard Red Winter | 4.95 | up 11
- DNS 14% | 4.83 | up 4
- Hard White | 4.95 | up 11

Milk is still on the rise thanks to strong domestic demand and strong retail, now trading at  20.66 per hundredweight. 

Live cattle futures open down 25 to 55 cents in the front months at Thursday’s midday. Feeder cattle futures are down 17 to 70 cents as well. The CME Feeder Cattle Index is $142.71 which's down by 41 cents. USDA reported light trade at $107-$108 and $169 dressed on Thursday. Some reported bids open at $107 with asks at $110.

Idaho supreme quality hay is trading at  $190-180, good quality going for 140. demand is steady.

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