Closing Prices March 29th, 2019 and weekly change.
May Corn $356.50 down 21.75
May Soybeans $884.25 down 19.50
May Wheat $457.75 down 8.25
May KC Wheat $430.00 down 15.00
April Live Cattle $125.70 down 4.025
April Lean Hogs $77.37 down .955
April Feeder Cattle $145.25 down 3.55
Grain and livestock futures ended the week lower to sharply lower. The USDA Quarterly Planting Intentions and Stocks on Hand Report was considered bearish with plenty of supply. Projected acres planted for corn was above the trade estimates. Livestock futures were lower as the Cattle on Feed Report late last week was bearish as well. Time will tell if the corn acres get planted considering the survey was based on March 1st intentions and the wet weather and flooding may significantly impact that going forward.
If you would like to review our current inventory of farms and land for sale in Northwest Missouri click on this link Davidson Real Estate Farms for Sale
Feel free to contact any of our team for more information on farm and land values as they fluctuate with the ever changing commodity price changes.