Closing Prices February 8th, 2019 and weekly change.
Grains
March Corn $374.25 down 4.00
March Soybeans $914.50 down 3.25
March Wheat $517.25 down 7.00
March KC Wheat $494.25 down 14.50
Livestock
April Live Cattle $127.925 up 1.65
April Lean Hogs $58.425 down 1.70
March Feeder Cattle $144.10 up 1.575
For the week ended February 8th, 2019 we saw the grains mostly lower with cattle up and hogs down. Farm and land sales prices in Northwest Missouri and throughout the Midwestern Corn Belt are closely tied to the price of agricultural commodities as well as interest rates, lease rates and many other factors. If we can get a trade deal with China it will have a huge impact on prices going forward.
For a review of the current inventory of farms and land for sale in Northwest Missouri click on this link Davidson Real Estate Farms for Sale
For more information on agricultural commodities and prices the CME Group is a good resource. Feel free to contact any of our team for more information on farm and land values as they relate to the ever changing commodity price changes.