IFBF Monday Market Report: Soft white wheat up a buck in Meridian

Good Monday morning!  after a cool week, the heat is back. 

It’s a  warm 68 degrees this morning in Boise and Treasure Valley. It's a  balmy 63  in Poky a bit cooler 58 in IF. CDA 61…. WE will have even warmer temps later in the week.

Front-month corn futures open this morning up 2 cents, Jul 21 Corn futures open at $6.84.

CBT wheat opens at  6.80,  4 cents weaker in the front months. HRW wheat opens 2 1/2 cents lower after being 16 cents in the red on Friday. Spring wheat futures open a nickel weaker.

Over in Blackfoot prices steady after double-digit gains last week:

- Soft White Wheat

5.87

down 5

- Hard Red Winter

5.44

down 7

- DNS 14%

6.80

down 9

- Hard White

5.44

down 7

Meridian

- Soft White Wheat

7.60

up 1.01

- Hard Red Winter

6.38

up 14

- DNS 14%

7.52 

down 3

- Corn

6.88

 down 18\

Fat cattle futures open the session 45 cents lower. June fats open a nickel higher. Cash sales open at $120 in TX. The bulk of this week’s cash business is at $119-$120. Feeder cattle futures open at $2.25. The CME Feeder Cattle Index is 15 cents higher at $136.65.

Milk prices open up a steady  $17.24 per hundredweight.

Sugar stands at 16 cents per pound, up a percentage point.

Heating oil is at 56.24 and climbing…Up a buck from last week.

We had rain last week and that's slowed the hay market and all grades of Alfalfa hay remain steady to strong.  Demand is moderate even with fresh hay on the market.

Timothy going up to $200 a ton…

Supreme going for 190 per ton

Premium           170                

Good              130    

That's it for the Monday market report…You can check out the market prices on the Idaho Farm Bureau web page… for the voice of Idaho Agriculture, I'm Jake Putnam

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