Western Standard - February 03, 2023


MPC Daily Market Update Feb 2, 2023


Episode Stats

Length

1 minute

Words per Minute

152.73064

Word Count

165

Sentence Count

30


Summary

March wheat, barley, feed wheat, pulse markets, cattle markets, oilseed markets, soybeans, canola, wheat, and soybeans are all stable to down a few cents per lb. In the feed grain markets, wheat is down $3.00 at $4.20, wheat futures are lower at $9.22 per bushel, and wheat futures for May are steady at $10.41 per metric ton in the milling wheat markets. April live cattle futures gained $1.12 per 100weight, while soybeans and canola were all steady.


Transcript

00:00:00.000 The current Lethbridge feed grain prices are as follows.
00:00:02.940 Cash barley is down $3.00 at $4.20, feed wheat is down $2.00 at $4.38, and corn is steady at $4.41 per metric ton.
00:00:10.480 In the milling wheat markets, March Minneapolis futures are lower 3.5 cents at $9.22,
00:00:16.320 with local hardwood spring bids for February-March movement at $11.40 per bushel.
00:00:21.120 In the oil seeds, nearby canola futures lost $1.70 at $8.2630 per ton,
00:00:26.680 with delivered values for February movement at $1.828 per bushel.
00:00:31.140 In the pulse markets, nearby red lentils are holding at $0.30 a pound,
00:00:35.440 and yellow peas are unchanged at $1.250 per bushel.
00:00:38.720 In the cattle markets, April live cattle gained $1.12 at $1.6335 per 100 weight.
00:00:45.440 For more information on grain marketing, call me at 403-394-1711.
00:00:52.280 I'm Sean Smith at Marketplace Commodities.
00:00:54.440 Accurate real-time marketing information and pricing options.
00:00:58.200 The current Let's Bridge feed grain prices are as follows.
00:01:00.700 Cash barley is down $3.00 at $4.20, feed wheat is down $2.00 at $4.30.