MPC Daily Market Update June 27, 2023
Episode Stats
Words per Minute
105.12483
Summary
Grains, Cattle, pulse markets, soybeans, wheat, canola, and wheat futures all hit new records on Tuesday morning. Feed grain prices rose, soybean futures hit new highs and wheat held steady. Cattle prices spiked and soybean prices hit new record highs.
Transcript
00:00:00.000
The current Lothbridge feed grain prices are as follows.
00:00:06.180
Feed wheat is holding at $4.20, while corn is unchanged at $4.17.
00:00:10.620
In the milling wheat markets, July Minneapolis futures tanked $0.31 at $8.31 per bushel,
00:00:16.200
with local hard red spring bid for July movement at $10.55 per bushel delivered.
00:00:21.580
Over to the canola market, nearby canola futures dipped $14.10 at $734.50 per ton,
00:00:29.480
with delivered values for July movement at $16.87 per bushel.
00:00:34.140
In the pulse markets, nearby red lentils are trading at $0.33.5 a pound,
00:00:38.960
and yellow peas are steady at $11.25 per bushel.
00:00:42.480
Looking at the cattle markets, August live cattle spiked $1.47.5 at $1.720 per hundred weight.
00:00:50.840
For more information on pricing and picked up on-farm options,
00:01:01.500
Accurate real-time marketing information and pricing options.
00:01:04.520
Accurate real-time marketing and pricing policies