Closing Prices April 5th, 2019 and weekly change.
Grains
May Corn $362.50 up 6.00
May Soybeans $899.00 up 14.75
May Wheat $467.75 up 10.00
May KC Wheat $431.25 up 1.25
Livestock
April Live Cattle $126.050 up .35
April Lean Hogs $79.025 up 1.655
April Feeder Cattle $146.150 up .90
Grain and livestock futures ended the week mostly higher following last weeks sharply lower late week close. Traders are still waiting to hear some positive development with the China trade negotiations as they continue to drag on. Rain and wet fields will continue to hamper planting into next week and possibly beyond. Hopefully we have seen the low’s for a while but that is definitely not guaranteed.
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