Closing Prices May 17th, 2019 and weekly change.
July Corn $383.25 up 31.50
July Soybeans $821.75 up 12.50
July Wheat $465.00 up 40.25
July KC Wheat $420.25 up 33.25
June Live Cattle $111.275 down 1.175
June Lean Hogs $92.375 up 2.700
August Feeder Cattle $145.500 up 1.325
We finally got a week where the grain market rallied significantly due to the slow planting progress. While this portends to be bullish for corn it may not be so much for soybeans as some of the intended corn acres may switch to soybeans. Next Monday’s crop planting progress will determine the next move. The cattle market was lower with hogs ending higher. However late news suggest more exports of beef to Japan in the near future.
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