Monday market report--Milk down, corn steady


Manage episode 284591743 series 2287287
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Good Monday morning…

It’s a cool 27 degrees this morning in the Treasure Valley, Its 24 in Poky, 21 in IF. In Northern Idaho, it’s 18 and clears this morning in CDA.

On to the markets:

Cornmarket prices flattened out over the weekend but still look strong this post-Super Bowl morning. Mar 21 Corn opens at $6.41, up 3 cents, but still up 10 and a half cents since last Monday,

At the at the close Friday and the open this morning, wheat futures are holding onto gains and open strong.

| Mar 21 CBOT Wheat opens at $6.41, up 4 cents,
| Mar 21 KCBT Wheat opens at $6.25, up 6 1/2 cents,
| Mar 21 MGEX Wheat opens at $6.26, up 4 cents,

Local wheat still also on the rise and report modest gains across the board

- Soft White Wheat | 6.35 | unchanged
- Hard Red Winter | 6.39 | down 6
- DNS 14% | 6.12 | down 3
- Corn | 6.22 | up 3

Milk prices still flat, now trading at $15.60 per hundredweight this morning, down double digits from last week.

Cattle futures nearby Feb and April futures with gains up 27 cents respectively. Back month contracts open a dime to 27 cents weaker. Feeder cattle futures open the Monday session with losses of 30 cents to $1.22. The CME Feeder Cattle Index is $135.65, down 62 cents.

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

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

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