MPC Daily Market Update May 4, 2023
Episode Stats
Words per Minute
132.72252
Summary
Grains, Cattle, pulse markets, soybeans, wheat, canola, and wheat futures are all stable to higher in the morning hours. Feed grain prices are holding steady, while soybeans and wheat continue to climb. Cattle and pulse markets are steady.
Transcript
00:00:00.000
The current Lothbridge feed grain prices are as follows.
00:00:05.200
Feed wheat slipped $2 to $4.04, while corn is lower $2 at $3.96.
00:00:10.500
In the milling wheat markets, July Minneapolis futures added $4.5 at $8.08 per bushel,
00:00:15.940
with local hard red spring bid for May movement at $10.30 per bushel delivered.
00:00:20.740
Over to the canola market, nearby canola futures decreased $3.60 at $712.30 per ton.
00:00:27.240
With delivered values for May movement at $15.92 per bushel.
00:00:32.580
In the pulse markets, nearby red lentils are unchanged at $0.35 a pound,
00:00:40.120
Looking at the cattle markets, June live cattle added $0.30 at $1.6195 per hundredweight.
00:00:46.600
For more information on pricing and picked up on-farm options,
00:00:56.400
Accurate real-time marketing information and pricing options.