Closing Prices May 10th, 2019 and weekly change.
July Corn $351.75 down 19.50
July Soybeans $809.25 down 33.00
July Wheat $424.75 down 13.25
July KC Wheat $387.00 down 14.50
June Live Cattle $112.450 down .975
June Lean Hogs $89.675 down 3.075
August Feeder Cattle $146.825 up .45
This week was tough for anyone in agriculture to say the least! All the grain and livestock markets were sharply lower with the exception of feeder cattle which see come benefit from lower corn prices. With the increased tariffs, lack of any trade deal with China and the WASDE report showing increased global supplies the markets simply melted down. Weather the next few weeks will determine if all the projected corn acres get planted and late plantings can affect yield. The markets just have an overwhelming amount of negative news and psychology affecting the trade.
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