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