Western Standard - March 03, 2023


MPC Daily Market Update Mar 3, 2023


Episode Stats

Length

1 minute

Words per Minute

139.7154

Word Count

144

Sentence Count

24


Summary

Grains, Cattle, Soybeans, Oilseeds, Pulses, Cows, Grains and Soybeans are all trading higher in the morning markets. Feed grain prices are steady, soybeans are rising, wheat is steady, corn is flat, and soymeal is up at $4.25/bushel, while wheat futures dropped at $8.73/boe. Cattle prices jumped $1.22/100weight and soybean futures added $2/100/ton. In the pulse markets, nearby red lentils are unchanged at $0.33/pound, and yellow peas are trading at $12.50/lb.


Transcript

00:00:00.000 The current Lethbridge feed grain prices are as follows.
00:00:02.820 Cash barley is steady at $4.17.
00:00:05.520 Feed wheat is holding at $4.32, while corn is flat at $4.25.
00:00:10.800 Over to the milling wheat markets, May Minneapolis futures dropped $0.03 at $8.73 per bushel,
00:00:16.360 with local hard red spring bid for April movement at $11.25 per bushel delivered.
00:00:21.360 Looking at the oil seeds, nearby canola futures added $2 at $8.27.30 per ton,
00:00:27.060 with delivered values for March-April-May movement at $18.30 per bushel.
00:00:32.200 In the pulse markets, nearby red lentils are unchanged at $0.33 a pound,
00:00:37.060 and yellow peas are trading at $12.50 per bushel.
00:00:40.620 In the cattle markets, April live cattle jumped $1.22.5 at $1.6425 per hundredweight.
00:00:47.340 For more information on picked up and on-farm options, give me a call at 403-394-1711.
00:00:54.860 I'm Vera Buziak at Marketplace Commodities.
00:00:58.720 Accurate real-time marketing information and pricing options.