Western Standard - May 08, 2023


MPC Daily Market Update May 8, 2023


Episode Stats

Length

54 seconds

Words per Minute

151.94086

Word Count

137

Sentence Count

23


Summary

Grain prices range between $4.10-$10.30 per bushel in the feed grain markets. Canola futures fall $2.90 at $7.32, wheat gains 5.5 cents at $8.41, and soybeans hold at $11.50. Cattle markets rose $0.17 at $1.62 per 100weight.


Transcript

00:00:00.000 The current Lethbridge feed grain prices are as follows.
00:00:02.940 Cash barley is at $4.10, feed wheat is at $4.08,
00:00:06.340 and corn is unchanged at $3.99 per metric ton.
00:00:09.540 In the milling wheat markets,
00:00:11.000 July Minneapolis futures gained 5.5 cents at $8.41,
00:00:15.060 with local hard red spring bids for May movement
00:00:17.380 at $10.30 per bushel.
00:00:19.120 In the oilseeds, nearby canola futures are down $2.90
00:00:23.080 at $7.32.20 per metric ton,
00:00:25.640 with delivered values for May at $16.38 per bushel.
00:00:29.900 In the pulse markets,
00:00:31.640 nearby red lentils are trading at $0.35 a pound,
00:00:34.300 and yellow peas are holding at $11.50 per bushel.
00:00:37.720 In the cattle markets,
00:00:38.960 June live cattle increased $0.17 at $1.62.10 per 100 weight.
00:00:43.480 For more information on grain marketing,
00:00:45.020 call me at 403-394-1711.
00:00:48.840 I'm Sean Smith at Marketplace Commodities,
00:00:50.960 accurate real-time marketing information,
00:00:52.800 and pricing options.