Corn still looking better with double digit gains over the week:
Sep 20 Corn opens at $3.25, up 10 3/4 cents
At the closing bell on Thursday, the domestic wheat futures markets were in the black. Chicago futures open the day 5 to 6 cents higher. KC HRW futures open up by 6 cents. Spring wheat futures rallied 4 yesterday. The weekly Export Sales report shows 357-thousand MT of wheat booked on the week.
Over in Burley :
- Soft White Wheat $4.08 up 6 cents.
- Hard Red Winter 4.08 up 6
- Hard Red Spring 4.46 up 6
- Barley 6.25 up 25
- Hard White 4.08 up 6
Milk prices open up at $19.80 per hundred weight, losing nearly 4 cents over this past week.
Cattle futures open 70 cents higher in the 2020 contracts. The deferred futures are down 12 cents. There are another 6 tenders against August futures yesterday, USDA notes light trading from $103 to $106. The bulk of the week’s trades are $104-$105 in the South and mostly $104-107 in the North. Feeder cattle futures open down by 30. cents.
All grades of Alfalfa hay in Idaho are steady. Theres been A lack of higher testing; new crop Alfalfa has stepped up demand. An abundance of feeder quality rained on hay has put pressure on the market for that commodity.
Supreme going for $189 per ton
That's it for the Weekend market report,You can check out the market prices on the Idaho Farm Bureau web page