Monday Market Report: Cattle up, corn down


Manage episode 285651355 series 2287287
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Good Monday morning—It's winter in Idaho, most of the state is snow-covered, and snowpacks normal and above normal in many places.

It’s 30 degrees this morning in the Treasure Valley, It's 30 in Poky, 25 in IF. In Northern Idaho, it’s 34 and cloud this morning in CDA, snow expected there tomorrow.

On to the market: March 21Corn futures open at $5.43, down 7 1/2 cents.

Friday wheat trading left the board lower, that's where it opens this morning. SRW prices were down the most.

Mar 21 CBOT Wheat opens at $6.50 3/4, down 11 3/4 cents,
Mar 21 KCBT Wheat opens at $6.31 3/4, down 5 cents,
Mar 21 MGEX Wheat opens at $6.28 3/4, down 3 cents,

But Local wheat opens on the rise and reporting modest gains across the board:

- Soft White Wheat | 5.27 | up 2
- Hard Red Winter | 5.37 | up 2
- DNS 14% | 5.59 | unchanged
- Hard White | 5.37 | up 2

Milk prices steady, now trading at $15.62 per hundredweight this morning, a cent up from last week.

Front-month live cattle futures open the Monday session 67 to 80 cents in the black. Feeder cattle prices open 92 cents to $1.10 higher. The CME Feeder Cattle Index is $135.71, up 11 cents.

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

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

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