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IFBF Monday Market Report: Markets Strong!

Good Monday morning We had another break from the hot temperates on Sunday…but they’ll be back later in the week.

It’s  52 degrees this morning in Boise and Treasure Valley. It’s a  refreshing 51 in Poky a bit cooler in IF at 50 and 54 in TwinFalls, CDA 52…. 20 degrees cooler than last week. We will have warm temps later in the week into the weekend. With highs back in the ’90s.

New crop corn futures open 3 1/2 to 6 1/2 cents higher. Sept prices weakened by 3/4 of a cent, which gave December the carry once again. In Chicago.  Sep 21 Corn opens at 5.55.

Wheat markets ended last week with gains. CBT SRW Opens  6 cents higher this morning. KC HRW futures open the day 14 cents higher. MPLS spring wheat prices are up 12 1/2 cents. Sept SRW is up 15 cents, KC is seeing a 32 1/2 cent open, and Sept spring wheat is up 11cents.

Sep 21 CBOT Wheat  opens this morning at $7.19, that’s up 16 cents

OVER in Burley, we’re strong there…

- Soft White Wheat


Up 4

- Hard Red Winter


Up 10

- Hard Red Spring


Up 10

- Barley


Up 25

- Hard White


Up 9

Cattle opens stronger. And the other front months are $0.30 to a buck stronger. Friday catch-up sales in the negotiated cash market are $120 - $127.50 in all feeding regions. USDA maintains their bulk prices at $121 - $122 in the South, $125 for the North. Feeder cattle futures rallied Friday, with Augusts’ $2.20 gain the leader. The CME Feeder Cattle Index opens at $156.55, back up by 75 cents.     

Milk prices open up down a little at $15.98 per hundredweight…down 30 cents from last Monday.

World Sugar stands at 18 cents per pound, and up a percentage point.

Heating oil is at 54.16 and falling…

Hay is still going strong—

Timothy going up to $220 a ton…

Supreme going for 220 per ton

Premium           200                

Good              170   

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