Closing Prices May 31st, 2019 and weekly change.
Grains
July Corn $427.00 up 22.75
July Soybeans $877.75 up 48.00
July Wheat $503.00 up 13.50
July KC Wheat $473.00 up 31.00
Livestock
June Live Cattle $108.475 down 2.70
June Lean Hogs $81.725 down 4.70
August Feeder Cattle $135.125 down 8.10
The grain market was sharply higher for the week with wet weather and delayed planting again being the main focus. However late Thursday President Trump threatened tariffs on Mexico if they cannot control the immigrants coming into the country. This was the main focus for a lower trade on Friday’s action.
The livestock sector was lower for the week with higher corn prices seen as well as the potential tariffs hurting the export of meat to Mexico.
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