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Weekly Commodity Wrap

Closing Prices May 24th, 2019 and weekly change.



July Corn                           $404.25          up      21.00
July Soybeans                  $829.75          up        8.00
July Wheat                       $489.50          up      24.50
July KC Wheat                 $442.00          up      21.75


June Live Cattle               $111.175      down       .10     
June Lean Hogs                 $86.425      down    5 .95
August Feeder Cattle     $143.225           up    2.275

The grain market was sharply higher with wet weather being the main focus. Most forecasts call for more of the same wet rainy weather which is limiting field work with many wondering how much more corn will be planted given this late time frame. A wet and windy weather pattern is also troublesome for the wheat crop as it could break heads and knock down much of the crop.

Livestock futures for the week were lower. Cattle and calves on feed for the US slaughter market totaled 11.8 million head as of May 1, according to the Cattle on Feed report released by the USDA today, 2% higher than last year and the highest May 1 figure since the report began in 1996.

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

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Neal Davidson

Broker & Owner
Neal grew up on a farm in Northwest Missouri and attended The University of Missouri, Columbia graduating with a B.S. in Agribusiness. After school Neal spent 10 years as a livestock dealer and then 5 years in banking. He is a graduate of the Missouri General Banking School and the National Ag Bank Management School at Iowa State. In the mid 90’s he started Davidson Real Estate and has been a top broker in land sales in Northwest Missouri for many years. It has always been his goal to support the agricultural sector and plight of the farmer and thus the firm historically has focused on land and farm sales. Today the company is much more involved in residential and commercial real estate as well. Other interests are thoroughbred horse racing and hiking in Rocky Mountain National Park. (Also an avid MU basketball fan) You can contact Neal directly at 816.632.8043