Good Monday morning…

We had a weekend of mild temperatures in the south and heavy rain in the north. Perfect farming weather!

 It’s 48 degrees this morning in the Treasure Valley. a  balmy 41 in Poky a bit cooler in IF at 38. It’s 41 in TwinFalls and 39 in CDA.

Front-month corn futures prices are 5  to almost 8 cents higher this Monday. New crop futures were up by less, only gaining 2 to 2 1/2 cents. The December to December spread is 28 3/4 cents at the opening of the bell. 

So Dec 21CBOT Corn opens at $5.77 that’s up 21cents from last Monday.

After trading with double-digit gains last week, the wheat markets open steady. CBT SRW opens higher, gaining a modest 3 cents, but December futures open nearly 10 cents off the high. KC HRW futures open 3 to 5 cents in the black as well, with the new high for December futures at $8.43. Spring wheat futures open higher The deferred months open on to 3 to 6 cent gains.

Dec 21 CBOT Wheat closed at $ 8.17 that’s up 40 cents from last Monday.

Over in Burley wheat’s up double digits:

 - Soft White Wheat | 9.24 | Up 10
 - Hard Red Winter | 9.38 | Up 10
 - Hard Red Spring | 10.18 | Up 9
 - Barley | 11.25 | Unchanged
 - Hard White | 9.38 | Up 10

Live cattle futures open strong, which carried Dec back to the black open the day 25 cents higher. The other nearby are a dime to 35 cents in the red at the close. Catch-up Monday sales in the cash market are $130 to $132, and higher graded northern dressed at $212. The week’s bulk is mostly $131 - $132 with $206 in the beef. Feeder cattle futures are down by triple digits on Friday, and open down this morning giving back as much as $1.75. The CME Feeder Cattle Index is down by 41 cents to $155.06.  

Milk… opens down a bit at $18.03 per hundredweight…and that's up 30 cents from last week.

World Sugar is steady at 20 cents per pound.

Heating oil is $63.13… which is actually is down 3 dollars from last week.

Hay is still contracting almost $100 per ton higher across all classes than last year. 

Supreme hay is trading in the area of $270-300 per ton Premium $270 and Good $240. Both exports and dairies are still buying up all the higher-quality hay.

Total feed costs continue to rise with grain prices trending higher. Fertilizer prices have gone through the roof and that will push the compost market as up too.

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