Western Standard - May 09, 2023


MPC Daily Market Update May 9, 2023


Episode Stats

Length

56 seconds

Words per Minute

138.49432

Word Count

130

Sentence Count

21


Summary

Grains, Livestock, and oilseeds prices fall across the grain and oilseed markets on the first day of summer wheat and canola futures trading. In the wheat markets, July wheat futures gained $0.08 at $8.29 per bushel, with local hard-rid spring bid for May delivery at $10.40/bushel, and soybeans holding at $11.50/ bushel. Cattle markets, June live cattle slid 0.30 at $162.12 per hundredweight, and June soybeans slid $2 at $730.80 per ton, with delivered values for May movement at $16.30-$16.50.


Transcript

00:00:00.720 The current Lethbridge feed grain prices are as follows.
00:00:03.800 Cash barley is down $1 at $4.09.
00:00:06.320 Feed wheat is down $2 at $4.06.
00:00:09.420 And corn is down $4 at $395 per ton.
00:00:13.420 In the milling wheat markets, July Minneapolis futures gained $0.08 at $8.29,
00:00:18.540 with local hard-rid spring bid for May movement at $10.40 per bushel.
00:00:23.320 In the oil seeds, nearby canola futures are down $2 at $730.80 per ton,
00:00:29.660 with delivered values for May movement at $16.30 per bushel.
00:00:34.560 In the pulse markets, nearby red lentil prices are trading at $0.35 per pound,
00:00:39.720 and yellow peas are holding at $11.50 per bushel.
00:00:43.480 In the cattle markets, June live cattle slid $0.30 at $162.12.50 per hundredweight.
00:00:50.860 I'm David Lee at Marketplace Commodities,
00:00:53.720 accurate real-time marketing information and pricing options.