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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. Continue Reading >>
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. << Show Less
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Clark Johnston Weekly Market Report: Soft white basis closes out the week trending up Diesel fuel is stabilizing, soft white basis ends the week trending up in Portland.
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Clark Johnston Weekly Market Report: Soft white basis closes out the week trending up Diesel fuel is stabilizing, soft white basis ends the week trending up in Portland.
IFBF Monday Market Report with Jake Putnam 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&apos;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&apos;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&apos;m Jake Putnam
Wheat market up after WASDE report Chicago wheat up 14 cents after the November WASDE report.
IFBF Monday Market Report:Wheat opens lower 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&apos;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&apos;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&apos;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&apos;m Jake Putnam
IFBF Podcast: Ports congested, winter wheat planted 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&apos;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 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&apos;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
Storms rip through the Northwest--Cattle feedlot herds decline 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&apos;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…
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