Closing Prices May 3rd, 2019 and weekly change.
Grains
July Corn $370.75 up 9.50
July Soybeans $842.25 down 24.75
July Wheat $438.00 down 4.50
July KC Wheat $401.50 down 6.00
Livestock
June Live Cattle $113.425 down 1.625
June Lean Hogs $92.75 up 4.00
August Feeder Cattle $146.375 down 6.475
We saw yet another lower week in the soybean and wheat markets with higher corn and hogs prices. Continued forecasts for wet and below normal temperatures has the potential for less corn being planted and possibly more soybeans. And the massive loss of hogs in China has our export of pork on fire! Everyone is waiting for a trade deal with China and some think it could be only a week or two away.
Call any of our land agents for an on farm visit to discuss the current prices on farms in your area. We have seasoned professionals ready to go to work for you getting your land sold! Recent inquiries for land have been brisk with new listings getting multiple showings in the first couple of days. The market is definitely in the spring rush of activity.
To review our current inventory of farms and land for sale in Northwest Missouri click on this link Davidson Real Estate Farms for Sale