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ALL the Agriculture news important to Idaho Farmers, available 24 hours a day, 7 days a week. Each day the Idaho Farm Bureau brings you Ag news and feature stories focusing on markets and news farmers can use, The Idaho Farm Bureau is the Voice of Idaho Agriculture with more than 70-thousand members and 13-thousand farm families.

Idaho Farm Bureau


    • Nov 19, 2021 LATEST EPISODE
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    Latest episodes from Idaho Farm Bureau's Podcast

    Clark Johnston Weekly Market Report: Soft white basis closes out the week trending up

    Play Episode Listen Later Nov 19, 2021 2:09

    Diesel fuel is stabilizing, soft white basis ends the week trending up in Portland.

    IFBF Monday Market Report with Jake Putnam

    Play Episode Listen Later Nov 15, 2021 4:11

    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 10Live 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

    Wheat market up after WASDE report

    Play Episode Listen Later Nov 12, 2021 1:57

    Chicago wheat up 14 cents after the November WASDE report. 

    IFBF Monday Market Report:Wheat opens lower

    Play Episode Listen Later Nov 8, 2021 4:03

    Good Monday morning…This is the first full week of daylight savings time.We're still seeing mild temperatures but colder mornings across Idaho, perfect harvest weather! It's 32 degrees this morning in the Treasure Valley. a  refreshing 25 in Poky a bit cooler in IF at 22. It's 39 in TwinFalls and 34 in CDA.Corn futures slid into the weekend with 4 1/4 to 6 cent losses and that's where they open this morning. For nearby December contracts that completed the week with a hefty 15-cent drawdown. New crop December '22 contracts are also 9 1/4 cents lower through the week. The December to December spread tightened by 5 cents to 12 1/2 cents. =So Dec 21CBOT Corn opens at $5.53 that's down 12 cents from last Monday.Front-month wheat futures open lower again. Minneapolis wheat closed 2 to 7 cents lower ending last week 43 cents under its start. CBT SRW gave back another 5 to 7 cents on Friday, which for December was an 8 cent draw down on the week and 32 cents off the high. HRW futures on the KC exchange closed 4 to 7 cents in the red. Dec 21 CBOT Wheat closed at $7.66 that's down 6 cents from last Monday.Over in Blackfoot prices are down double digits: | - Soft White Wheat | 8.79 | Down 23 | - Hard Red Winter | 8.21 | Down 20 | - DNS 14% | 9.79 | Down 46 | - Hard White | 8.31 | Down 20Live cattle futures are $0.95 to $1.27 stronger this morning. For December, that's a $2.83 gain for the week. Some Friday cash business was reported at $129 to $130, though most of last week's action was near $128. Feeder cattle are also stronger on the session gaining $0.85 to $1.45 this Monday. The CME Feeder Cattle Index is down by 54 cents to $155.27. Milk… opens down a bit at $17.71 per hundredweight…and that's down 15 cents from last week.World Sugar is up to 20 cents per pound, that's up a penny…Heating oil is $65.25…that up 3 dollars from last week.Hay is most areas is still contracting for about $100 per ton higher than last year. Supreme hay is trading in the area of $270 per ton Premium $250 and Good $230. Both exports and dairies that still need hay are being aggressive for the higher quality hay. As you are well aware even though they are aggressive they are looking for hay that is wrapped and in very good condition. For the most part, the dairies look to be in good shape as USDA is projecting milk prices to remain steady for the next few months. However, total feed costs continue to increase as grain prices have continued to trend higher. Fertilizer prices have gone through the roof which could spill over into the compost market as well.  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

    The Clark Johnston Market Report: Cattle prices up two bucks higher this week

    Play Episode Listen Later Nov 5, 2021 1:54

    IFBF Podcast: Ports congested, winter wheat planted

    Play Episode Listen Later Nov 3, 2021 4:30

    Thanks for joining us, This the Idaho Farm Bureau Podcast coming to you from the State Capitol in Boise.Port Congestion and Shipping Delays are Impacting US Agriculture…Backlogs at U.S. ports and container shortages are disrupting the supply chain. Micheal Clements has more:Recent settlements in U.S.-European Union steel and aluminum disputes are expected to have a positive impact on our country's agricultural exports to the E.U. Rod Bain All Winter Wheat Production States are close to planting averages despite earlier delays, all of the main winter wheat production states are close to done. Stephanie Ho reports:Thats it for this weeks podcast, for the Voice of Idaho Ag, Im Jake Putnam

    Monday Market Report: Corn, Wheat up, sugar steady

    Play Episode Listen Later Nov 3, 2021 3:58

    Good Monday morning…We're seeing mild temperatures but colder mornings across Idaho, perfect harvest weather! It's 43 degrees this morning in theTreasure Valley. a  refreshing 37 in Poky a bit cooler in IF at 34. It's 39 in TwinFalls and 28 in CDA.This morning Corn futures are up 3 cents higher. Thats after the USDA reported 279-thousand metric tons of corn was sold to Mexico last Friday in a large private sale. So Dec 21CBOT Corn opens at $5.67 that's up 40 cents from last Monday.Chicago wheat futures found Monday morning strength to bounce into a fractionally mixed open. through October.  December SRW prices open fractionally higher, but gained 47 3/4 cents for the month. Thats been the story this past week across the board.Dec 21 CBOT Wheat closed at $7.72 3/4, up 1/4 cent, that's up 35 cents from last Monday.Over in Meridian prices are steady: | - Soft White Wheat | 9.60 | Unchanged | - Hard Red Winter | 8.26 | Unchanged | - DNS 14% | 10.20 | Unchanged | - Corn | 6.41 | Unchanged  Monday opens with cattle futures complex another $.95 to $1.07 lower. Feeder cattle are also extending the pull back with $0.90 to $1.45 losses so far. The CME Feeder Cattle Index for opens 53 cents higher to $156.00 Cash sales confirmed by USDA are mostly in  $126 dollar range in the South and mostly $126-$127 in the North. Last week's full range of deals were $125 to $128 with $200 in the beef.   Wholesale Boxed Beef prices open higher with a $1.12 increase to Choice and a $1.60 bump in Select. T Dec 21 Cattle opens at $129.37, down $0.95,Milk… opens down a bit at $17.85 per hundred weight…and thats down slightly from last week.World Sugar stands firm at 19 cents per pound, that's up slightly…The hay crop is in The buyers are looking and bidding but producers are holding on for anticipated higher prices. There's still a lot of feed out there for the dairies Premium alfalfa still going for $240 and higher grades at $230. The other regions of the state showing markets close to that.That's it for the the Monday market report…You can check out the market prices on the Idaho Farm Bureau web page, for the voice of Idaho Agriculture, Im Jake Putnam

    Untitled Episode

    Play Episode Listen Later Oct 29, 2021 2:04

    Storms rip through the Northwest--Cattle feedlot herds decline

    Play Episode Listen Later Oct 27, 2021 6:44

    Thanks for joining us, This the Idaho Farm Bureau Podcast coming to you from the State Capitol in Boise.A series of storms have tore through Idaho, dumping an inch and a half of rain, it has also swept across the Northwest has left behind a host of records.Stephanie Ho reports.New cattle feedlot report shows a shrinking US beef cattle herd.The nation's beef cattle herd is slowing at a faster pace than some had expected. Gary Crawford has more:Food and Farm Facts is a new resource designed to help educate the American public on where food comes from. Chad Smith has more on the new offering from the American Farm Bureau Foundation for Agriculture.And its hunting season in Pocatello, pumpkin hunting season that is…

    Monday Market Report: Local Wheat up double digits!

    Play Episode Listen Later Oct 25, 2021 3:31

    Good Monday morning…We've had rain and its cooler outside, most of the potatoes are harvested and the last of the sugar beets, perfect farming weather! It's 45 degrees this morning in the Treasure Valley. a  refreshing 43 in Poky a bit cooler in IF at 39. It's 43 in Twin Falls and 43 in CDA.On to the corn market, Friday's 3 to 5 cent gains pushed December futures this morning 12 cents higher from last week's open. Dec 21CBOT Corn opens at $5.38.Domestic wheat futures are setting new contract highs on the first trade day of the week. December HRW futures open 1.7% to 3.5% higher. For spring wheat, prices open 1% to 2% higher on the day pulling Dec futures above the $10 mark for the first time since 2012. CBT SRW prices open 1.2% to almost 2-percent higher, extending the December contracts up 22 cents for last week. Dec 21 CBOT Wheat  opens at $7.56 up 21 cents from last week.Over in Burley double digit gains this morning: | - Soft White Wheat | 8.05 | Up 15 | - Hard Red Winter | 8.34 | Up 32 | - Hard Red Spring | 9.44 | Up 24 | - Barley | 11.00 | Unchanged | - Hard White | 8.44 | Up 32This morning, just like Friday afternoon fat cattle futures are down 52 to 80 cents. USDA reported cash trade for last week was wide and ranged from $123 - $127 north south, east west. Feeder cattle futures open down by triple digits so far, giving back $192 to $2.30. The CME Feeder Cattle Index opens at $154.03 after a 7 cent dip.   Heating oil opens at 67.36 down a few cents from last week.Milk staying steady… opens up at $17.87 per hundredweight…up slightly from last week.World Sugar stands steady at 18 cents per pound, that's down slightly…Over all this past week we saw Supreme hay trade around $260, Premium $250, Good $240 and Fair hay $230. Some areas got good rain over the weekend. The dairies seem to be very active hay buyers, getting what they can along with the exporters in eastern Idaho.  The cow/calf producers will be feeling the pinch most have started feeding early. Dairies do have a lot of silage to fall back on but they're covering their bases.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

    The Clark Johnston Weekly Market Report

    Play Episode Listen Later Oct 22, 2021 2:04

    Wheat continues to climb, cattle prices flat.

    IFBF Podcast: Beef production is up, Farmers getting relief

    Play Episode Listen Later Oct 20, 2021 6:16

    Thanks for joining us, This is the Idaho Farm Bureau Podcast coming to you from the State Capitol in Boise.After a hot dry summer, Congress passed a bill that will help the nation's farmers and ranchers with drought, disaster, and Covid relief:Drought relief is expected for some parts of the West. Stephanie Ho reports from Washington:An American Farm Bureau Federation program connects farmers and ranchers to those who are food insecure. Micheal Clements has more.Federal forecasts say we will see increases in Beef production. USDA's latest forecasts show the production of two major meat types moving in opposite directions. Stephanie Ho reports:That's it for this week's Podcast, for the voice of Idaho Agriculture, I'm Jake Putnam

    Monday Market Report with the Farm Bureau's Jake Putnam

    Play Episode Listen Later Oct 18, 2021 3:29

    Good Monday morning…It's nice outside, we had warm temps over the weekend, perfect harvest weather! It's 45 degrees this morning in the Treasure Valley. a  refreshing 40 in Poky a bit cooler in IF at 39. It's 45 in Twin Falls and 39 in CDA.Corn futures open with 6 1/2 to 9 cent gains. Dec 21CBOT Corn opens at $5.25 up 9 cents from last week.Wheat futures are up by double digits so far this morning. CBT SRW futures are gaining 9 to 11 cents, leaving Dec contracts 2 cents higher over last week. KC HRW futures open 8 cents higher so far. Minneapolis wheat prices are adding 10 to the bounce this morning.  Dec 21 CBOT Wheat  opens at $7.35 and that's even with last week.Over in Blackfoot prices are still strong | - Soft White Wheat | 7.21 | Up 20 | - Hard Red Winter | 7.87 | Up 19 | - DNS 14% | 9.22 | Down 3 | - Hard White | 7.97 | Up 19Live cattle futures open 22 to 75 cents higher on the board this morning. For December fats, we're seeing a net 72 cent gain. Catch-up sales are reported mostly at $124, matching last week's bulk. USDA noted most dressed sales for the week were near the $196 mark, though the range was as low as $193 and as high as $200. Feeder cattle open 72 cents in the red. The CME Feeder Cattle Index opens 66 cents lower at $153.35.     Heating oil opens at 68.16 up another two bucks from last week.Milk staying steady… opens up at $17.96 per hundredweight…down slightly from last week.World Sugar stands steady at 20 cents per pound, that's up slightly…The last crop of hay is just about complete. The buyers still testing hay and bidding but producers are in a holding mode. Reports show a lot of feed out there for the dairies Premium alfalfa in southern Idaho still going for $240 and higher grades bid at $230. The other regions of the state showing markets at  $10 higher to $10 lower.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

    Clark Johnston's Weekly Market Report: Wheat steady, feeder cattle futures up

    Play Episode Listen Later Oct 15, 2021 2:30

    After the WASDE report on Tuesday wheat futures gained losses from last week and are holding steady. Feeder cattle futures are up.

    IFBF Podcast:Beet and New Production reports in

    Play Episode Listen Later Oct 12, 2021 6:39

    Thanks for joining us, This is the Idaho Farm Bureau Podcast coming to you from the State Capitol in Boise:This past week I got out in the field and went to one of many sugar beet harvests…I went and visited Galen Lee…USDA released its monthly World Agriculture Supply and Demand report Tuesday. Micheal Clements shares the highlights.China accounts for a significant share of total U.S. agricultural export sales. Gary Crawford reports:The US Agriculture Secretary testified before the House Ag Committee on the current state of the livestock industry and on matters to be addressed within it. Rod Bain reports:That's  it for this week's Podcast, thanks for joining us, for the voice of Idaho Ag, Im Jake Putnam

    Cattle wheat prices stall, while Cattle market on the upswing

    Play Episode Listen Later Oct 11, 2021 4:23

    Good Monday morning…It's cool outside, some frost, and still wet but when it dries out. perfect harvest weather! It's 39 degrees this morning in the treasure Valley. a  refreshing 30 in Poky a bit cooler in IF at 29. It's 36 in TwinFalls and 30 in CDA.Corn opens down 2 cents from FridayDec 21CBOT Corn opens at $5.30 up down 11 cents from last Monday morning.The mixed winter/spring wheat directionality left spring wheat in the black and winter wheat weaker over the weekend. HRS prices open with 2 to 4 cent gains. This week  December Minneapolis futures open 1.8% stronger. Chicago wheat opens 6 cents in the red, extending December's loss for last week to 2.8%. KC futures open down 3 cents and that's 2.9% below December's close on Friday.Dec 21 CBOT Wheat opens at $7.34 down 14 cents from last week.Over in Burley prices are still good despite national market prices.. Soft White Wheat | 7.54 | Unchanged | - Hard Red Winter | 8.05 | Up 4 | - Hard Red Spring | 9.25 | Up 4 | - Barley | 11.00 | Unchanged | - Hard White | 8.15 | Up 4After gaining all last week, front-month cattle futures have stalled. In-delivery October is up 30 cents on and $5.17 from Friday while Dec and Feb are adding 15 to the upswing. Monday morning catch-up sales are near $122 and $123.50 mark. For the week, USDA had cash sales from $122 - $124 and $193 - $196 in the beef. Feeder cattle prices open 45 cents weaker. October is down by 87 cents, but that limited last weeks week's gain to 4.4%. The CME Feeder Cattle Index is up 92 cents to $153.80.   Heating oil opens at 66.51 up another two bucks from last week.Milk staying steady… opens up at $18.03 per hundredweight…12 cents from last week, yet forecasters think those prices will continue to rise.World Sugar stands steady at 20 cents per pound, that's up slightly…This could be the last week for hay as producers in some areas are hustling to get the crop put up before the weather gets worse with snow expected this coming week. The buyers are testing hay and bidding but producers are in a ‘wait and see' mode. Reports show that corn silage yields are very good this year giving the dairies the opportunity to take a wait and see the position on feed. The export market is also steady with no need to be aggressive with their bids. Premium alfalfa in southern Idaho is being bid at $240 and higher grades bid at $230. The other regions of the state showing markets at  $10 higher to $10 lower.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

    Clark Johnston's Weekly Market Report:

    Play Episode Listen Later Oct 8, 2021 2:16

    The soft white basis is leading the news in Portland.  Demand down in Southern Idaho...

    IFBF Podcast: US Focuses on China Trade

    Play Episode Listen Later Oct 5, 2021 7:45

    Thanks for joining us, This is the Idaho Farm Bureau Podcast coming to you from the State Capitol in Boise:US Trade with China is up 28 percent despite a challenging year in US Agriculture:The U.S. Trade Representative Monday announced how the Biden Administration plans to address its trade relationship with China. Rod Bain reports:What is Agriculture Secretary Tom Vilsack's reaction to the U.S. Trade Representative's stance on trade with China? (Gary Crawford.Farmers and ranchers can register now to attend the 2022 American Farm Bureau Convention. Micheal Clements shares the details.That's it for this week's podcast, for the Voice of Idaho Ag, I'm Jake Putnam

    Monday Market Report: Local wheat spikes upward!

    Play Episode Listen Later Oct 4, 2021 3:46

    Good Monday morning…It's cool outside, with some frost but perfect harvest weather! It's 50 degrees this morning in the Treasure Valley. a  refreshing 39 in Poky a bit cooler in IF at 38. It's 43 in TwinFalls and 45 in CDA.Corn opens almost 6 cents in the black. Last week, December corn futures traded in the 24 cent range and a net 16 cent gain.Dec 21CBOT Corn opens at $5.41 up 4 cents and up a strong 16 cents from last week.The wheat markets are adding double digits to the upside ahead of last weekend. Chicago SRW futures are trading 14 to 24  cents higher this morning. KC wheat opens up by 12 cents; Minneapolis spring wheat futures open with gains of 15  to 16 cents. Dec 21 CBOT Wheat opens at $7.49 up 4 cents from Friday and up 22 cents from last week.Over in Blackfoot prices peaking in the black:  | | - Soft White Wheat | 8.47 | Up 31 | - Hard Red Winter | 7.91 | Up 33 | - DNS 14% | 8.98 | Up 20 | - Hard White | 8.11 | Up 33Live cattle futures open down 20 to 62 cents. Monday opens the trading day with a 17 cent draw-down to $120.40. Southern cash trades for the week range from $121 - $124, with most near $124, while the North is been down to $122 this week. Cash sales in the beef range $192 - $198 with most at $196. Feeder cattle futures open mostly weaker opening UNCH in November contracts to 30 cents lower by March '22. The CME Feeder Cattle Index is $153.78 on 9/29, and that's down by 88 cents. Heating oil opens at 62.87 up to two bucks from last week and that'll spike diesel and fertilizer prices.Milk staying steady… open up at $18.15 per hundredweight…up two bucks and forecasters think those prices will continue to rise.World Sugar stands at 20 cents per pound, that up slightly…Higher quality hay is still running high at $240 and $250 per ton in the stack. Good hay is about $20 less at $230 to $230. Overall prices remained in the area of $90 per ton higher than last year. 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

    Clark Johnston Market Report--Soft white down 60 cents in Ogden

    Play Episode Listen Later Oct 1, 2021 2:18

    The big news this week, soft white basis down 60-cents per bushel in Ogden!

    IFBF Podcast: US Ag Exports on the Rise

    Play Episode Listen Later Sep 28, 2021 7:45

    Thanks for joining us, This is the Idaho Farm Bureau Podcast coming to you from the State Capitol in Boise:Trade is critical to Idaho Agriculture, The latest trade numbers show strong U.S. agricultural exports despite transportation challenges. The Farm Bureaus Micheal Clements shares more.One number in Friday's USDA Cattle on Feed report may have given some analysts a mild surprise. (Gary CrawfordAnd from Washington, there's growing evidence showing that the nation is on the downside of the beef cattle cycle. Traveling the highways and byways of Idaho, I visited Eden Idaho, where I met a family that bought the old Eden High School and they're bringing the school back to life:That's it for this week's podcast, for the Voice of Idaho Ag, I'm Jake Putnam

    IFBF Monday Market Report: Wheat markets up with 2-6 cent gains

    Play Episode Listen Later Sep 27, 2021 3:48

    Good Monday morning…We have more cool mornings and warm afternoons in store for you this week, perfect harvest weather! It's 54 degrees this morning in the Treasure Valley. a  refreshing 46 in Poky a bit cooler in IF at 44. It's 52 in TwinFalls and 52 in CDA.On Friday, Chicago corn prices fell to close 2 to 2 1/2 cents. New crop futures were firmer with Red Dec only giving back a cent while Sept gained 1 1/4 cents. And that's where they open today…Dec 21CBOT Corn opens at $5.26 down 2 cents, but up 22 cents from last week.Wheat markets open the Monday session mixed. CBT SRW futures open with 2 to 6 cent gains. December futures rallied 15 last week. KC wheat futures open 2 cents in the red. But Dec HRW is still 6 3/4 cents higher. Spring wheat futures open the week with 2 to 4 cent gains. Dec 21 CBOT Wheat opens at $7.22 up 4 and a half cents from last week.Over in Blackfoot prices open up in the black: | - Soft White Wheat | 8.16 | Unchanged | - Hard Red Winter | 7.55 | Up 2 | - DNS 14% | 8.77 | Down 4 | - Hard White | 7.77 | Up 2Live cattle futures open within 7 cents of UNCH on Friday in some 2021 contracts. The 2022 contracts extended gains, and open 35 to 42 cents in the black. USDA says cash trade is in $123-$124 in the South and $124 in NE. Last week's full range for all regions has been $120 - $125 so far. Feeder cattle futures open mixed. The CME Feeder Cattle Index is down 20 cents to $153.57. Heating oil opens at 60.23 up a half percentage point.Milk staying steady… open up at $16.53 per hundredweight…World Sugar stands at 19 cents per pound, that down slightly with harvest on…Higher quality hay is running between $250 and $260 per ton in the stack. Good hay is about $20 less at $230 to $240. After that, it is in the eye of the beholder with rain-damaged hay still trading at $180 per ton. Overall prices remained in the area of $90 to $100 per ton higher than the previous year. As we visited with some producers in the central part of the state they are pleased with the yields this year considering the challenges.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

    Clark Johnston Weekly Market Report: Soft white basis weakens

    Play Episode Listen Later Sep 24, 2021 2:22

    Clark Johnston Weekly Market Report-Grain up, cattle down

    Play Episode Listen Later Sep 18, 2021 2:34

    Grain markets made gains after a rough first week of September. The cattle market is slightly down while feed prices are up.

    IFBF Podcast--President Biden visits Boise

    Play Episode Listen Later Sep 14, 2021 7:37

    Thanks for joining us, This is the Idaho Farm Bureau podcast coming to from the downtown Boise…Im Jake Putnam.President Biden spent most of Monday in Boise learning about about the worsening wildfire situation. Gary Crawford reports:Fall in Idaho not only means harvest, but for the Idaho Farm Bureau its Resolution season…Policy resolution meetings have been held in across Idaho taking issues from the county, to the state, and to Washington:The State Resolution Meeting gets underway this week in the Boise.A strong, local rail transportation network is vital to moving agricultural products and goods. The American Farm Bureau has more on rising freight rail rates that are pressuring farm income.And we are finally seeing an end to summer, temperatures have dropped to the 80's but now its time to prepare for another major temperature drop in the west:Thanks for joining us, For thee Voice of Idaho Agriculture, Im Jake Putnam

    Monday Market Report: Wheat, corn, cattle down, Milk up

    Play Episode Listen Later Sep 13, 2021 3:56

    Good Monday morning…a much cooler weekend and there's a hint of fall in the morning across the state, It's 54 degrees this morning in the Treasure Valley. a  refreshing 50 in Poky a bit cooler in IF at 48. It's 52 in TwinFalls and 51 in CDA.After that WASDE report on Friday, December CORN prices are down more than 6 cents. USDA raised the old crop-cash average price by a nickel to $4.45/bu. The expected new-crop cash average price was slashed 30 cents to $5.45.Sep 21 Corn opens at $5.02, up 6 3/4 cents,After board weakness going into the WASDE report, wheat futures open the Friday session mixed. Spring wheat posted 7 cent gains though December gave back 32 cents from last week's open price. Chicago wheat futures are the weakest opening down 6 1/2 cents. KC HRW is still firm, with fractional losses to a 3 cent gain in July '22 contracts.Dec 21 CBOT Wheat opens at $6.88 1/2, down 3 3/4 cents, and down 21 cents from last Monday.Over in Blackfoot prices open up in the black: | - Soft White Wheat | 7.37 | Down 12 | - Hard Red Winter | 7.05 | Down 13 | - DNS 14% | 7.41 | Down 11 | - Hard White | 7.60 | Down 13Front-month fat cattle futures open down 32 cents. For the week of October, fats fell $1.37. Cash deals open mainly in the $124 - $125, with some $123 prices reported in KS. The bulk of cash trade for the week has been near $124 in the South and $126 - $127 in the North. Feeder cattle prices open with triple-digit losses of $1.50 to $2.10 in the front months.  Yet The CME Feeder Cattle Index is up another dime to $157.47.     Milk prices finally up again… open up at $16.60 per hundredweight…up 50 cents from last Monday.World Sugar stands at 20 cents per pound.Heating oil is at 56.53 and up another 50 cents from last MondayHay is still going strong—Hay prices remain strong and should continue to be strong into the fall. Trading was very active this past week with reports of firmer prices. The weather delayed second crop cutting in some areas and now the third crop is expected to be a little light on tonnage. We could see the dairies not quite as active in the market for a few weeks as they prepare for corn silage. For the most part, we are seeing hay trading between $250 and $220 with hay damaged by the rains trading around $180That'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

    Clark Johnston Market Report: World Wheat supply up local wheat falls

    Play Episode Listen Later Sep 10, 2021 2:30

    WASDE report reveals world wheat supply up thanks to record crop in Australia.

    IFBF Podcast--Net Farm Income up--EPA issues search report

    Play Episode Listen Later Sep 8, 2021 8:04

    Thanks for joining us—This is the Idaho Farm Bureau Podcast coming from the State Capitol in Boise.As we head into the last round of harvests, Good news for Idaho Farmers, Net Farm Income will be up again in 2021—that's according to USDA Farm economists:Last month we told you about the EPA search of the Ace Black ranch in Owyhee County. The EPA still has not released why they made the search, but for the first time they acknowledged that they conducted a search:

    Clark Johnston Weekend Market Report: Corn wheat down this week

    Play Episode Listen Later Sep 3, 2021 2:22

    New Waters of the US ruling casts doubts

    Play Episode Listen Later Aug 31, 2021 7:58

    Thanks for joining us, This is the Idaho Farm Bureau podcast coming to you from the Farm Bureau offices near the State Capitol.A Trump WOTUS rule that limits protection for bodies of water must now be vacated while agencies make plans to replace it, a federal judge ruled in Arizona.Judge Rosemary Marquez of the U.S. District Court for the District of Arizona said that leaving the rule in place could cause serious environmental harm, and the rule-making process was full of ‘serious errors.'American Farm Bureau Federation President Zippy Duvall expressed concern over the Arizona Court ruling saying the“AFBF is extremely disappointed in the ruling to vacate the Navigable Waters Protection Rule. That Farmers finally had environmentally responsible regulations that brought clarity to clean water efforts. AND That This ruling casts uncertainty over farmers and ranchers across the country and threatens the progress they've made to responsibly manage water and natural resources,” said Duvall.Friday is the deadline to submit comments on the Waters of the U.S. rewrite effort. Micheal Clements shares how you can submit comments to the Environmental Protection Agency.A wildfire crisis remains in the northwestern part of the country. Stephanie Ho reports:Most of Idaho's grain harvest is in..We talked to USDA meteorologist, Brad Rippey, who says the harvest pace for the nation's small grains is way ahead of last year because of drought.And the US is moving into a new ERA, an ERA of greater importance as the next decade was proclaimed by Idaho governor Brad little as the decade of Agriculture.

    Monday Market Report: Local wheat opens in black!

    Play Episode Listen Later Aug 30, 2021 3:34

    Good Monday morning…there's a hint of fall in the morning temps across the state, we have a couple of warm days ahead and then cooler temps for Labor Day weekend.It's 54 degrees this morning in Boise and Treasure Valley. It's a  refreshing 52 in Poky a bit cooler in IF at 50 and 55 in TwinFalls, CDA 54.Corn Futures traded red early on Friday, but firmed up and open 5 1/4 cents in the black. September corn opens the largest gainer, at $5.58/bu. Sep 21 Corn opens at $5.58 3/4 up a quarter.Friday's wheat session reversed the mixed action seen earlier in the week as spring wheat opens with gains to winter wheat's losses. Hard Red Spring futures open  2 to 6  cents higher, with Sept gaining almost 8 cents. Chicago SRedWinter prices open the session with 2 cent givebacks. Sept SRW opens 4 cents above last week. KC wheat opens with 2 to cent losses for the front months. Sept HRW is 10 cents above last week's open.Right nowSep 21 CBOT Wheat opens at $7.18, down 6 cents.Over in Blackfoot prices open up in the black: | - Soft White Wheat | 7.74 | Up 5 | - Hard Red Winter | 7.40 | Up 8 | - DNS 14% | 8.06 | Up 2 | - Hard White | 7.50 | Up 8Going into the weekend the cattle complex was mixed. Fat cattle opens in the red through April of '22 futures, while feeders open higher. Losses for finished cattle futures are down $1.27 in August ahead of next Tuesday's expiration, but losses are just a nickel by Feb '22 futures. Cash trade last week was light with sales from $125 to $130 in the North and a few $121 - $123 in the South. Gains for the feeder cattle futures are limited to 42 cents with Jan of '22 the strongest of the front months. The CME Feeder Cattle Index is another 60-cents stronger to $159.39.     Milk prices open up at $15.98 per hundredweight…down 3 cents from last Monday.World Sugar stands at 20 cents per pound, that's up a percentage point from last week.Heating oil is at 55.74 and gaining for Labor Day weekend.Hay is still going strong—Supreme going for $220 per tonTimothy about the same—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

    Clark Johnston weekly Market Report

    Play Episode Listen Later Aug 27, 2021 2:23

    Corn, wheat still trending upward!

    IFBF Podcast: WOTUS meetings in DC, heatwave breaks, bees come back

    Play Episode Listen Later Aug 25, 2021 8:20

    Welcome to the Idaho Farm Bureau podcast, I'm Jake Putnam reporting from our offices near the Idaho Statehouse:The Environmental Protection Agency and Army Corps of Engineers heard the voices of farmers and ranchers this week during a listening session on the rewrite of the Waters of the U.S. rule. Micheal Clements has more from WashingtonThe Idaho heatwave has softened in the west, for now.There are two different pictures of how regions are faring in the drought-stricken western United States. New reports indicate that things in the beekeeping world may be finally improving after more than a decade of staggering colony losses. Experts say that bees still need our help. Gary Crawford has more:That's it for this week's podcast, For the voice of Idaho Ag, I'm Jake Putnam.

    IFBF Monday Market Report: Cattle strong, grains weaken

    Play Episode Listen Later Aug 23, 2021 3:38

    Good Monday morning We had the first cool mornings of the summer over the weekend across the state, the big question is have we seen the last of the triple-digit heat?  It's 55 degrees this morning in Boise and Treasure Valley. It's a  refreshing 54 in Poky a bit cooler in IF at 49 and 54 in TwinFalls, CDA 54…. 20 degrees cooler than last week.Corn futures went into the weekend with 1.9% to 2.5% losses. Seasonal weaknesses were compounded by Friday reports that EPA is recommending that the White House lower renewable fuels blending requirements when the official 2021 level is announced. Sep 21 Corn opens at $5.38 3/4, down 11 1/4 cents,Front-month wheat futures are extending the Friday drop this morning, as most row crop markets continue lower. Chicago SRW is down 4 to 9 cents so far. KC wheat prices are up to 7 cents lower. Minneapolis spring wheat is the firmer of the domestic markets, with prices opening UNCH. Sep 21 CBOT Wheat opens this morning at $7.21, down 6 cents.Over in Burley wheat is down after historic gains last week: | Soft White Wheat | 7.56 | Down 14 | - Hard Red Winter | 7.29 | Down 13 | - Hard Red Spring | 8.48 | Down 4 | - Barley | 10.75 | Unchanged | - Hard WhiteAt the close, for the Friday session, live cattle futures were up 90 cents. In delivery August and October futures led the Weekend gain, extending August's weekly move to $1.52 from Friday to Friday. USDA reported the week's cash sales from $120 - $128, though the bulk of Northern business was near $127 and Southern trade stayed mostly at $122. Dressed deals are mainly $200, but some were as high as $205. Feeder cattle futures are $0.75 to $2.60 in the black at Monday's open. August feeders are 97 cents higher. The CME Feeder Cattle Index was another 37 cents stronger to $155.79 on 8/19.     Milk prices open up down a little at $16.01 per hundredweight…down 18 cents from last Monday.World Sugar stands at 19 cents per pound, and down a percentage point from last week.Heating oil is at 50.99 and dropping.Hay is still going strong—Supreme going for 220 per tonTimothy about the same—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

    Clark Johnston's Weekly Market Report-Wheat and diesel down

    Play Episode Listen Later Aug 20, 2021 2:15

    After historic gains, the wheat market leveled off.

    IFBF Podcast:End of summer commodities on the rise

    Play Episode Listen Later Aug 17, 2021 6:10

    Thanks for joining us…This is the Idaho Farm Bureau Podcast, coming to you from the State Capitol in Boise.As the summer of 21 wears on…we find ourselves at the end of summer, kids are returning to school and Congress is in recess.Weather problems in many wheat-producing countries are turning projections for world wheat supplies upside down. Local prices across the nation are skyrocketing. Gary Crawford reports:Because of the drought Cuts in U.S. and Brazil's corn production will definitely drive corn markets up this year—We talked to USDA meteorologist, Brad Rippey, who says the majority of corn in the country is dough-ing.Today Chicago futures tipping the 5.68 mark  in Chicago and is rising… 

    Monday Market Report: Local wheat soars!

    Play Episode Listen Later Aug 16, 2021 3:57

    Good Monday morning We continue to have hot, smoky days and that will continue until Labor Day if long-range forecasts are correct. We have a week of 90-degree plus days ahead.It's 72 degrees this morning in Boise and Treasure Valley. It's a  refreshing 57 in Poky a bit cooler in IF at 52 and 64 in TwinFalls, CDA 64…. 16 degrees warmer than last week.Corn futures failed to hold Friday gains, as most front months closed with fractional losses, as September was up 1 ¼. On the week, the nearby contract is up 2.39%. A wetter weather pattern in the 7-day QPF shows 1-2 inches of rain expected in parts of the Corn Belt next week.  Sep 21 Corn opens at $5.68 1/4, up 1 1/4 centWheat futures open up after last week's bullish reports. The leader this morning is MPLS, up 5 to 11 ½ cents in most front months,. CBT opens with 7 to 9 ½ cent gains to round out the 6% weekly rally. KC is  2 to 4 cents higher in the nearby, taking the gain to just over 5%. All three exchanges posted multi-year highs this week. Sep 21 CBOT Wheat opens this morning at $7.62, that's up another 8 cents.OVER in Backfoot get a load of these prices after last weeks WASDE report: Blackfoot  - Soft White Wheat | 7.92 | Up 63 - Hard Red Winter | 7.65 | Up 39 - DNS 14% | 8.23 | Up 33 - Hard White | 7.75 | Up 39Cattle is posting mixed trade to close out last week, with nearby contracts opening 12 to 40 cents lower and back months 15 to 60 cents higher. Trade in the North opens at $123-126, with a few $203 sales in the beef. Southern trade is limited with a few $121-122. Feeders are 47 to 65 cents lower in the front months, with the deferred 15 cents to $1.40 higher. The CME Feeder Cattle Index opens down 42 cents to $158.83 on 8/12.     Milk prices open up down a little at $16.19 per hundredweight…up 21 cents from last Monday.World Sugar stands at 20 cents per pound, and up a percentage point after that world supply report last week.Heating oil is at 54.42 and climbing…Hay is still going strong—Supreme going for $220 per tonTimothy about the same—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

    Clark Johnston Friday Market Report

    Play Episode Listen Later Aug 13, 2021 2:22

    World wheat and domestic production numbers down.

    IFBF Podcast: Ranchers crop forecasters deal with drought

    Play Episode Listen Later Aug 11, 2021 7:57

    Thanks for joining us! This is the Idaho Farm Bureau podcast:The drought in the western United States is hitting farmers and ranchers hard. Farmers like Tyson Roberts are trying to stay afloat. Chad Smith has more.Another major heatwave is expected for the drought-stricken northwestern part of the country. Stephanie Ho reports:Western drought and fires have market forecasters worrying about forecasts. Mark Jekanowski, USDA Outlook Board Chairman, saying some unusual weather problems this season have heightened market interest in USDA's upcoming survey-based crop production forecasts. At the recent Farm Bureau Summer Leadership meeting in Island Park—we learned about Farm Bureau leaders, specifically, what they liked:That's it for this weeks podcast, Thanks for joining us I'm Jake Putnam

    IFBF Monday Market Report: Markets open strong across the board!

    Play Episode Listen Later Aug 9, 2021 3:42

    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 centsOVER in Burley, we're strong there… | - Soft White Wheat | 7.15 | Up 4 | - Hard Red Winter | 7.02 | Up 10 | - Hard Red Spring | 8.15 | Up 10 | - Barley | 11.00 | Up 25 | - Hard White | 7.12 | Up 9Cattle 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 tonPremium           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

    Clark Johnston Weekly Market Report: Wheat up across the board!

    Play Episode Listen Later Aug 6, 2021 2:22

    Portland soft wheat up 15 cents! 

    IFBF Podcast: Disaster Assistance, drought conditions dominate August headlines

    Play Episode Listen Later Aug 4, 2021 5:56

    The American Farm Bureau Federation surveyed members to find out what gaps they face in qualifying for disaster coverage under the Wildfire and Hurricane Indemnity Program, or WHIP. Chad Smith has from Washington:The US Ag Secretary says there are USDA programs and available to farmers that can help offset the impact of the drought. Rod Bain has more:Drought conditions have improved in some areas, but the drought is far from completely gone. Stephanie Ho reports:And after a weekend of heavy rain, No rain is expected for western drought-stricken areas in the next week or so

    Monday Market Report: Wheat futures open firm

    Play Episode Listen Later Aug 2, 2021 3:42

    Good Monday morning We finally broke the month-long heatwave with heavy showers over the weekend.It's  70 degrees this morning in Boise and Treasure Valley. It's a  refreshing 63 in Poky a bit cooler in IF at 61and 64 in TwinFalls, CDA 70…. We will have warm temps later in the week into the weekend. With highs back in the '90s.Front-month corn futures had given back 7 to 11 cents by Friday. December contracts open the week with a range of 28 1/2 cents, but only a net 2 and quarter gain Sep 21 Corn opens at $5.47…exactly the same as last week.Winter wheat futures open firm. CBT prices open the session a little lower but within 1a cent and half of UNCH. KC HRW wheat opens lower within 1 and quarter gain of UNCH. Spring wheat futures open in the red and down by 6 three-quarters to 13 cents. Sep 21 CBOT Wheat opens this morning at $7.03 3/4, down 1 1/2 cents.OVER in Meridian, we are strong there… | - Soft White Wheat | 8.35 | Up 30 | - Hard Red Winter | 6.84 | Up 15 | - DNS 14% | 9.14 | Up 30 | - Corn | 6.53 | Up 6Front-month fat cattle futures open Monday's session with 37 cent losses. August fats maintained a 57 1/2 cent gain last week, Monday fat cattle trading has the board down 22 cents. The USDA reports catch-up sales in NE at $122 The rest of the cash trade opens at $119-$120 in the South and mostly  $122 - $123 for the North. Feeder cattle futures open in the red on Friday, d 5 to 32 cents lower. The CME Feeder Cattle Index is $154.04.     Milk prices open up down a little at $16.48 per hundredweight…down 8 cents from last Monday.Sugar stands at 18 cents per pound, and up a percentage point.Heating oil is at 57.33 and climbing…up 11 cents from last week.We had lots rain over the weekend that'll impact test quality.Timothy going up to $220 a ton…Supreme going for 220 per tonPremium           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

    The Clark Johnston market report:

    Play Episode Listen Later Jul 30, 2021 2:16

    Grain markets strengthen this week!

    IFBF Podcast: Fires and drought impact Idaho

    Play Episode Listen Later Jul 30, 2021 6:08

    Thanks for joining us—We have wildfires burning in Boise to the east and north of us—its affected air Idaho quality. The Wildfires are burning in drought-stricken areas in the western part of the country. Stephanie Ho reports:There are two different situations brewing for drought-stricken areas in the West. Stephanie Ho:And here in Idaho, the drought is impacting harvest commodity prices—I talked to our analyst Clark Johnston about our market prices:Thats it for this weeks podcast, thanks for joining us!

    IFBF Podcast: Wheat down, cattle strong

    Play Episode Listen Later Jul 26, 2021 4:03

    Good Monday morning!, the heatwave continues with more than 100 heat for the next week.It's  72 degrees this morning in Boise and Treasure Valley. It's a  refreshing 63 in Poky a bit cooler in IF. 64 in TwinFalls CDA 64…. We will have warm temps later in the week into the weekend. With highs above 100 in a few of the Snake River plain cities.corn futures are 10 to 18 1/4 cents weaker. December prices open the week with a 22 1/2 cent loss from last Monday's open. Food grade corn oil reported in USDA's weekly National Ag Energy Round-Up is 12% stronger to 71.63 cents/lb.Sep 21 Corn closed at $5.47 1/4, down 17 1/4 cents,Wheat futures open the session in the red. CBT SRW futures are down 4 and a quarter to 8 cents in the red. KC HRW futures open the session 4 1/2 cents in the red, MGE spring wheat prices are 19 to 20 cents lower taking back last week's gain. Sept HRS opens down 5%Sep 21 CBOT Wheat opens at $6.84, down 8 1/4 cents,The big story is the fact that local wheat took off last week…after that NASS report last week. | Burley |  | - Soft White Wheat | 6.52 | up 26 | - Hard Red Winter | 6.32 | down 3 | - Hard Red Spring | 7.65 | down 20 | - Barley | 10.50 | unchanged | - Hard White | 6.62 | down 8On to cattle, Pre report positioning left futures 42 to 70 cents in the black for the weekend.  That's where they open up this morning. The USDA has confirmed cash trade is moderate through Thursday with the bulk gravitating towards the  $120-dollar mark and $198 for live and dressed. Northern sales have remained above the South's market, at $120-$125. Feeder cattle futures open the session with $1.87 gains. The CME Feeder Cattle Index is $150.39, up 68 cents from the previous day.     Milk prices open up down a little at $16.57 per hundredweight…down 5 cents from last Monday.Sugar stands at 18 cents per pound, and up a percentage point.Heating oil is at 56.53 and climbing…down 11 cents from the 4th of July.We're seeing lots of sun perfect haying weather Demand  is steady and lots of hay moving to marketTimothy going up to $220 a ton…Supreme going for $220 per tonPremium           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

    Clark Johnston Market Report: Grain and corn prices down

    Play Episode Listen Later Jul 23, 2021 2:33

    The Clark Johnston Market Report: World Wheat Production down, prices climbing

    Play Episode Listen Later Jul 16, 2021 2:04

    IFBF Podcast: Heatwave brings smoke, wildfires

    Play Episode Listen Later Jul 14, 2021 6:32

    We're now two weeks into Idaho's triple-digit heatwave. And to make matters worse we now smoke which is slowing plant growth. Long-range forecasts have hot days ahead for the next 10 days and no storms in sight.The conditions are producing a worsening wildfire situation in the West. As Gary Crawford reports:And with the severe drought, this season has been one of the worst for many spring wheat growers.The American Farm Bureau supports an executive order that considers changes to livestock markets. Micheal Clements has more on what the order means for livestock producers.Thursdays are different in Canyon County ever since Red Top market started holding its Thirsty-Thursdays on Red Top road outside of Wilder:

    Monday Market Report:Corn down 8-cents!

    Play Episode Listen Later Jul 12, 2021 3:22

    Good Monday morning! the heatwave continues with a record-breaking heat still ahead for the next couple of weeks.It's 70 degrees this morning in Boise and Treasure Valley. It's a  refreshing 64 in Poky a bit cooler 62 in IF. 64 in TwinFalls CDA 64…. We will have warm temps later in the week into the weekend. With highs above 100 across Idaho.Corn futures open 6 to 8 cents lower. December futures gave back all of last week's gains during a 62 cent drop from Friday and prices open at 6.29All the Wheat markets open this morning mixed. CBT wheat futures open with losses. Kansas City HRW futures are 5-6 cents higher in the front months. Spring wheat futures open with 9 cent gains. Sept prices recovered 13 1/4 cents from the week's open. July 21 CBOT wheat opens at $6.15 down 3 cents.Over in Meridian prices steady: | - Soft White Wheat | 7.31 | down 4 | - Hard Red Winter | 5.84 | up 3 | - DNS 14% | 7.85 | down 3 | - Corn | 5.94 | down 8August fats open a nickel in the red, though most other contracts went into the weekend with 12 to 80 cent gains. USDA reports some catch-up sales from $119-$120 in KS and from $124-$126 in NE. The bulk of trade for the week was $119-$120 in the South and mostly $123 - $125 in the North. Feeder cattle futures open after a triple-digit rally on Friday The CME Feeder Cattle Index is $1.22 stronger at $152.77.     Milk prices open up down a little at $16.85 per hundredweight…down 11 cents from last Monday.Sugar stands at 17 cents per pound, and down a few percentage points.Heating oil is at 56.80 and climbing…up 50 cents from the 4th of July.We're seeing lots of sun perfect haying weather Demand  is steady and lots of hay moving to marketTimothy going up to $200 a ton…Supreme going for $190 per tonPremium           $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, Im Jake Putnam

    Clark Johnston Market Report: Post 4th of July Markets volatile

    Play Episode Listen Later Jul 9, 2021 2:13

    Post 4th of July markets volatile, corn and wheat down!

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