Idaho Farm Bureau's Podcast

Monday Market report: Milk gaining

March 15, 2021 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Monday Market report: Milk gaining
Chapters
Idaho Farm Bureau's Podcast
Monday Market report: Milk gaining
Mar 15, 2021
Idaho Farm Bureau

Good Monday morning—Thanks to daylight savings time the days longer and it was a nice warm weekend, still a bit windy, and some equipment moving in Idaho.

It’s 34 degrees this morning in the Treasure Valley, It's 30 in Poky, 28  in IF.  In Northern Idaho, it’s 32 and cloudy.

On to the markets:

Old crop corn futures start the week with fractional gains.May 21 Corn opens at $5.39, up 1/2 cent.

May 21 CBOT Wheat opens at $6.38 1/2, down 4 cents. Wheat markets open lower except for the firmness in MPLS futures. HRedSpring wheat opens the day fractionally mixed at $6.29 per bushel in Chicago. 

Local wheat opens on the rise and reporting modest gains across the board with two exceptions

 Blackfoot
- Soft White Wheat | 4.75 | up 1
- Hard Red Winter | 5.02 | up 2
- DNS 14% | 5.63 | up 1
- Hard White | 5.02 | up 2

Milk prices finally gaining, now trading at  $16.36 per hundredweight this morning, up a cent from last week.

 | Live cattle futures open in the black at midday with gains of 77 cents on Friday to $1.07. The bulk of last week’s business was $113-$114 and mostly near $114. Feeder cattle futures open triple digits stronger led by a $1.62 gain in April. The CME Feeder Cattle Index is down 3 cents at $133.99. Wholesale Boxed Beef prices are higher, tightening the spread to $5.57. Choice boxes are at $227.02, down by 35 cents.

Idaho Hay, supreme quality trading up to  $200 good quality going for $160 feeder demand still tight.

Oil—$69.23 a barrel down a 65 cents.

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


Show Notes

Good Monday morning—Thanks to daylight savings time the days longer and it was a nice warm weekend, still a bit windy, and some equipment moving in Idaho.

It’s 34 degrees this morning in the Treasure Valley, It's 30 in Poky, 28  in IF.  In Northern Idaho, it’s 32 and cloudy.

On to the markets:

Old crop corn futures start the week with fractional gains.May 21 Corn opens at $5.39, up 1/2 cent.

May 21 CBOT Wheat opens at $6.38 1/2, down 4 cents. Wheat markets open lower except for the firmness in MPLS futures. HRedSpring wheat opens the day fractionally mixed at $6.29 per bushel in Chicago. 

Local wheat opens on the rise and reporting modest gains across the board with two exceptions

 Blackfoot
- Soft White Wheat | 4.75 | up 1
- Hard Red Winter | 5.02 | up 2
- DNS 14% | 5.63 | up 1
- Hard White | 5.02 | up 2

Milk prices finally gaining, now trading at  $16.36 per hundredweight this morning, up a cent from last week.

 | Live cattle futures open in the black at midday with gains of 77 cents on Friday to $1.07. The bulk of last week’s business was $113-$114 and mostly near $114. Feeder cattle futures open triple digits stronger led by a $1.62 gain in April. The CME Feeder Cattle Index is down 3 cents at $133.99. Wholesale Boxed Beef prices are higher, tightening the spread to $5.57. Choice boxes are at $227.02, down by 35 cents.

Idaho Hay, supreme quality trading up to  $200 good quality going for $160 feeder demand still tight.

Oil—$69.23 a barrel down a 65 cents.

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