Weekend market report: corn, wheat cattle up

Idaho Farm Bureau's Podcast

Good Friday morning…

It’s 34 degrees this morning in the Treasure Valley we’ve had scattered snow. And a cool 32 in Poky, 28 in IF, Northern Idaho, it’s 36 this morning in CDA and a bit colder in Sandpoint…. Scattered snow afternoon temps will hit the 30s and 40’s.

On to the markets:

At the CBOT open corn futures are at $4.32, up 10 cents since Monday.

CBT wheat futures rallied back on Thursday with double-digit gains for March and May contracts and still up this morning. The other nearby gained 9 to 9 1/2 cents. HRW wheat also opens in the black with 8 1/4 to 8 1/2 cent gains. Spring wheat futures open 8 cents higher.

| Mar CBOT Wheat opens at $6.08, up 10 1/4 cents,
| Mar KCBT Wheat is at $5.70, up 8 cents,
| Mar MGEX Wheat is at $5.67, up 8 cents,

Over in Burley
| - Soft White Wheat | 4.77 | up 10
| - Hard Red Winter | 5.35 | up 12
| - Hard Red Spring | 5.50 | up 8
| - Barley | 7.00 | unchanged
| - Hard White | 5.35 | up 12

Milk inching up, now trading at $15.61 per hundredweight this morning, down from Monday.

Cattle gaining this morning..Fat cattle futures are extending their gains 7 to 32 cents. December contracts open 12 cents lower. CME reported 35 deliveries against December cattle futures. Feeders open 27 to 70 cents higher. The CME Feeder Cattle Index is a nickel lower to $136.64. Follow through cash deals in from $102 - $105.

Idaho Hay, supreme quality trading at $160, good quality going for $140 demand steady.

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