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Monday Market Report: Milk on the rise!

By: Jake Putnam
Published in Podcast on  April 05, 2021

Good Monday morning welcome to the Idaho Farm Bureau market report, available on Spotify and iTunes. We’re coming to you from Boise where it’s 36-degrees here morning, 32 degrees in Pocatello and IF, 29-degrees in the Magic Valley, and 32-degrees in Moscow and CDA.

Onto the markets

May 21st Corn futures closed march with gains of 4 to 7 cents, but down 2 cents this morning in Chicago at $5.59.Chicago wheat saw big gains from double-digit losses on Friday, but open down 4 cents lower this morning.

Locally wheat strong across the board. Over in Blackfoot…

Blackfoot

- Soft White Wheat

4.51

up 10

- Hard Red Winter

4.73

up 7

- DNS 14%

5.40 

unchanged

- Hard White

4.73

Fat cattle futures open with gains of 22 cents. June futures are the strongest, widening the April premium to $1.67. Cash trade opens a dollar higher at $115, Dressed sales have mostly been $185 for the week. Feeder cattle futures open with gains up to 90 cents. The CME Feeder Cattle Index is $136.75, up by a $1.29.

Sugar opens at 15 cents per pound and no gains this morning.

Heating oil opens at 48.34 up sixty cents…

Milk opens strong at  $17.51 up 53 cents.

Supreme hay going for 190, Feeder hay up to 140 if you can find it.

You can check out all of the Idaho market prices on the Idaho Farm Bureau website. That's it for the Monday market report, have a good day, for the voice of Idaho Agriculture, I’m Jake Putnam.

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