Closing Prices April 12th, 2019 and weekly change.
May Corn $361.00 down 1.50
May Soybeans $895.25 down 3.75
May Wheat $464.50 down 3.25
May KC Wheat $434.25 up 3.00
April Live Cattle $126.550 up .50
April Lean Hogs $79.300. up .275
April Feeder Cattle $145.425 down .725
Grain futures ended the week mostly lower with livestock mixed following the April Supply & Demand Report. Most grain categories showed an increase in supply which was discouraging to the trade. We will see if the projected corn plantings materialize as continued wet weather may hamper such.
Feel free to to contact any of our agents for more information on farm and land values as they fluctuate with the ever changing commodity price changes. Commodity prices are one of the primary determining factors when it comes to the value of farm ground. General economic conditions as well as interest rates are contributing influences but the value of production is key. It is a primary justification for the price farmers will pay for land as well as for cash rent on investor owned ground.
If you would like to review our current inventory of farms and land for sale in Northwest Missouri click on this link Davidson Real Estate Farms for Sale