Monday Market Report: Local wheat up 2 cents


Manage episode 288036817 series 2287287
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Good Monday morning—We’re waking up to rain this morning in Boise. That's slowing farming a bit in SW Idaho.

It’s 37 degrees this morning in the Treasure Valley, It's 36 and snowing in Poky, 28 in IF. In Northern Idaho, it’s 34 and snowing.

On to the markets:

Old crop corn futures start the week down a cent and a half from Friday.May 21 Corn opens at $5.51.

May 21 CBOT Wheat

| Wheat prices start the new week lower at $5.57, CBT SRW futures open 2 to 3 cents in the red. KC HRW wheat futures open a penny and a half weaker.

Local wheat opens stead and reporting modest gains across the board.

- 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 $16.25 per hundredweight this morning, down 11 cents from last week.

Live cattle futures open in the black with gains of 77 cents on this morning 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 $165 feeder demand still tight.

Oil—$64.73 a barrel down a 65 cents.

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

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