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Weekly 2018 week 21

Page 1

Weekly Market Summary Published by: Missouri Department of Agriculture Ag Business Development Division Market News Program

Chris Chinn, Director Davin Althoff, Division Director Tony Hancock, Editor agmarketnews.mo.gov http://www.ams.usda.gov/marketnews.htm

Eric R. Greitens, Governor Volume XXXVIII, Number 21 ♦ P.O. Box 630, Jefferson City, MO 65102 ♦ (573) 751-4211 ♦ Friday May 25, 2018 MISSOURI WEEKLY FEEDER CATTLE WEIGHTEDAVERAGE REPORT Receipts: 31,720 Week ago: 33,506 Year ago: 34,593 Steers and Heifers Medium and Large 1 Hols. Large 3

Fdr. STEERS: 366 lbs. 457 lbs. 546 lbs. 637 lbs. 748 lbs. 845 lbs. 934 lbs.

Fdr. HEIFERS:

186.02 179.50 170.97 160.98 146.46 132.78 130.04

368 lbs. 458 lbs. 547 lbs. 644 lbs. 724 lbs. 834 lbs. 928 lbs.

158.09 152.99 146.96 140.66 134.26 114.32 109.67

Hols. STEERS 359 lbs. 452 lbs. 536 lbs. 643 lbs. 759 lbs. 849 lbs. 974 lbs.

81.94 82.45 79.04 74.19 71.75 71.90 71.50

SOUTHERN MISSOURI WEEKLY SUMMARY (West Plains, Ava) Receipts: 7072 Week Ago: 4359 Year ago: 6775 Compared to last week, steers and heifers steady to 5.00 higher, yearlings not well tested, steady to firm on comparable sales. Slaughter cows steady. Slaughter bulls uneven from 2.00 lower to 3.00 higher. 547 lbs. HEIFERS: Medium and Large 1

STEERS: Medium and Large 1 350-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

185.00-202.00 170.00-190.00 160.00-177.00 147.00-169.50 132.50-150.00

350-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs.

155.00-166.00 146.00-159.00 140.00-155.00 130.00-141.00

643 lbs. Holsteins: Large 3 Pkg 394 lbs. Pkg 413 lbs. Pkg 451 lbs. Pkg 567 lbs. Pkg 680 lbs.

85.00 88.00 72.50 77.00 72.50

SLAUGHTER BULLS: Yield Grade 1-2 1170-2165 lbs. 79.00-87.00; high dressing 86.5093.00; low dressing 66.50-78.00 COW & CALF PAIRS: Medium and Large 1 pkg 2 yrs 875 lbs with 165 lb calves 2000.00; 5-6 yrs 925-1025 lbs with 200-275 lb calves 1950.00. Medium and Large 1-2 2-7 yrs 981-1350 lbs with 150-250 lb calves 1325.001525.00 per pair

Historical Feeder Steers Medium and Large 1 500-600 lbs. Weighted Average

SLAUGHTER COWS: Breaking and Boning (70-85% lean) 50.00-58.00, high dressing 55.00-66.50, low dressing 46.0052.00. Lean (85-90%) 45.0057.50 738 lbs.

REPLACEMENT COWS: Medium and Large 1 pkg 2 yrs 1172 lbs 2nd stage 1400.00. Medium and Large 1-2 2-7 yrs 910-1350 lbs 2nd to 3rd stage 832 lbs. 900.00-1350.00; 6 yrs to short solid 1075-1310 lbs 2nd to 3rd stage 1025.00-1200.00; short solid to broken mouth 1030-1370 lbs 2nd to 3rd stage 750.00925.00 per head 931 lbs.

The Weekly Market Summary is available to anyone for a $25.00 annual subscription fee. To subscribe, send your check or money order to: Weekly Market Summary, Missouri Department of Agriculture, P.O. Box 630, Jefferson City, MO 65102.

*Graph is updated the first Friday of each month.

Year Ago Slaughter Steers and Heifers: Northeast Missouri: Steers: Choice 2-3 1300-1425 lbs 133.25-136.50 Heifers: Choice 2-3 1350-1425 lbs 132.50-135.00 East Central Missouri: Choice 2-3 1050-1400 lbs 131.50-135.00. Select and Choice 1-2 1050-1600 lbs 123.50-131.50 SOUTHWEST MISSOURI WEEKLY SUMMARY (Joplin and Springfield) Feeder Cattle Receipts: 8397 Week ago: 6920 Year ago: 8213 Cow and Bull Receipts: 2823 Week ago: 1767 Year ago: 2104 Compared to last week, feeders calves steady to 5.00 lower, except late week steady to 5.00 higher. Yearlings steady to 3.00 lower. Slaughter cows steady to 1.00 lower. Slaughter bulls steady to 2.00 lower. STEERS: Medium and Large 1 350-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs. Load 806 lbs.

176.00-185.50 164.00-185.00 154.00-173.00 142.00-164.50 136.00-150.50 137.25

HEIFERS: Medium and Large 1 350-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-750 lbs. Pkg 878 lbs.

149.50-161.00 136.00-156.00 129.00-147.00 130.00-139.00 124.50-134.00 114.00

HOLSTEINS: Large 3 300-400 lbs. 400-500 lbs. 500-550 lbs. 600-700 lbs. 800-900 lbs. Part load 974 lbs.

SLAUGHTER COWS: Breaking and Boning (70-85% lean) 50.0057.50, high dressing 56.00-66.50. 80.00-90.00 Lean (85-90%) 44.00-53.00 80.00-85.00 70.00-85.00 SLAUGHTER BULLS: Yield 70.00-80.00 Grade 1-2 1165-2200 lbs 77.0070.00-76.00 85.00, high dressing 82.50-93.00, 71.50 low dressing 65.00-75.00

REPLACEMENT COWS: Medium and Large 1 2-5 yrs 1020-1365 lbs 2nd to 3rd stage 1225.00-1675.00. Medium and Large 1-2 2 yrs to short solid 1000-1365 lbs 2nd to 3rd stage 850.00-1125.00 head

COW & CALF PAIRS: Medium and Large 1 3-6 yrs 1180-1250 lbs few rebred with 225-350 lb calves 1825.00-2025.00. Medium and Large 1-2 2-5 yrs 950-1300 lbs some rebred with 160-420 lb calves 1225.00-1475.00 per pair


WEST CENTRAL MISSOURI WEEKLY SUMMARY (Sedalia, Kingsville, Butler, Windsor) Receipts: 5364 Week ago: 7214 Year ago: 4302 Compared to last week, feeders steady to 10.00 higher. Slaughter cows steady to 3.00 higher. FEEDER STEERS: Medium and Large 1 300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

FEEDER HEIFERS: Medium and Large 1

181.00-196.00 172.00-189.00 158.00-182.50 145.00-170.00 130.50-151.00

300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

156.00-174.00 145.00-164.00 132.00-157.50 126.00-145.00 123.00-143.00

SOUTHEAST MISSOURI WEEKLY SUMMARY (Patton, Farmington) Receipts: 2223 Week ago: 2086 Year ago: 2039 Compared to last week, feeders uneven 3.00 lower to 4.00 higher. Slaughter cows and bulls steady. FEEDER STEERS: Medium and Large 1 300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

FEEDER HEIFERS: Medium and Large 1

166.00-212.50 166.00-188.00 150.00-175.50 129.00-155.50 125.00-138.00

300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

142.00-156.00 135.00-155.00 128.00-156.00 127.50-135.50 110.00-116.00

SLAUGHTER BULLS: Yield Grade 1-2 1210-2285 lbs 78.0090.00, high dressing 89.00-94.50; low dressing 55.00-74.00

SLAUGHTER COWS: Breaking and Boning (70-85% lean) 51.00-62.00. Lean (85-90%) 46.50-55.00

REPLACEMENT COWS: Medium and Large 1-2 4 yrs to short solid mouth 877-1650 lbs 2nd to 3rd stage 860.00-1275.00 per head

SLAUGHTER COWS: Breaking and Boning (75-85% lean) 44.50 -57.50. Lean (85-90% lean) 35.00-45.50

REPLACEMENT COWS: Medium and Large 1-2 3-6 yrs 11601355 lbs 2nd to 3rd stage 850.001100.00 per head

COW & CALF PAIRS: Medium and Large 1-2 3-7 yrs 1050 lbs with 150-250 lb calves 1150.00-1200.00 per pair

COW & CALF PAIRS: Medium and Large 1-2 4 yrs to short and solid mouth 780-1210 lbs with 100270 lb calves 775.00-1300.00 per pair

SLAUGHTER BULLS: Yield Grade 1-2 few 1265-2115 lbs 70.50-80.50, high dressing 80.50 -92.00

EAST CENTRAL MISSOURI WEEKLY SUMMARY (Bowling Green, Kingdom City, Macon) Receipts: 4976 Week ago: 6504 Year ago: 4670 Compared to last week, feeder calves and yearling heifers steady to 5.00 lower, steers over 500 lbs steady to firm. Slaughter cows steady to 2.00 higher. FEEDER STEERS: FEEDER HEIFERS: Medium and Large 1 Medium and Large 1 300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs. 800-900 lbs.

186.00-206.00 179.00-195.00 165.00-187.00 155.00-170.00 144.00-157.00 132.00-134.10

300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 800-900 lbs.

165.00-173.00 156.00-173.00 145.00-157.00 138.00-147.00 119.25-119.75

SLAUGHTER STEERS and HEIFERS : Choice to High Choice 2-4 1050-1450 lbs 116.00120.00. Select and few Choice 1-2 1100-1300 lbs 110.00-114.50

SLAUGHTER COWS: Breaking and Boning, (70-85% lean) Average dressing 55.00-60.00; high dressing 60.00-68.00. Lean (8590%) 53.00-57.00

BRED HEIFERS: Medium and Large 1 900-1100 lbs 2nd stage 1800.00-1925.00; lot 1015 lbs 2nd stage 2150.00 per head

SLAUGHTER BULLS: Yield Grade 1-2 1200-2500 lbs 78.0090.00; high dressing 91.00-99.00; low dressing 67.50-77.00

NORTHEAST MISSOURI WEEKLY SUMMARY (Palmyra, Unionville, Green City, New Cambria) Receipts: 4513 Week ago: 1985 Year ago: 2407 Slaughter Cattle Receipts: 107 Week Ago: 22 Year ago: 29 Compared to last week’s light test, feeders unevenly steady. Slaughter cows steady to 2.00 higher. Compared to last week, slaughter steers and heifers 6.00 to 7.00 lower. FEEDER STEERS: Medium and Large 1 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs. 900-1000 lbs.

174.50-199.50 158.00-196.50 146.00-176.25 144.00-160.00 129.10-131.60

FEEDER HEIFERS: Medium and Large 1 386 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 722 lbs.

159.00 154.50-164.00 143.00-161.50 141.00-154.00 122.00

SLAUGHTER STEERS: SLAUGHTER COWS: Breaking Choice 2-3 1100-1475 lbs 114.00 and Boning (75-85% lean) 50.50-116.25 65.50, high dressing 58.25-70.00. Lean (85-90%) 49.00-59.50 SLAUGHTER HEIFERS: SLAUGHTER BULLS: Yield Choice 2-3 1050-1350 lbs 113.00 Grade 1-2 1250-2350 lbs 81.50-115.00 92.00, high dressing 96.00101.00 REPLACEMENT COWS: Medi- COW & CALF PAIRS: Medium um and Large 1 5 yrs 1350 lbs and Large 1 and 1-2 2 yrs 10002nd stage 1250.00 per head 1100 lbs with 100-150 lb calves 1785.00-1875.00 per pair

SOUTH CENTRAL MISSOURI WEEKLY SUMMARY (Cuba, Vienna) Receipts: 3904 Week ago: 3904 Year ago: 3322 Compared to last week, steers under 650 lbs steady, over 650 lbs from 3.00 lower to 6.00 higher. Heifers steady to 10.00 higher, some under 450 lbs 2.00 to 4.00 lower. Slaughter cows steady to 3.00 higher. FEEDER STEERS: Medium and Large 1 300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

FEEDER HEIFERS: Medium and Large 1

186.00-209.00 170.00-195.00 162.00-186.25 154.50-174.00 143.50-156.00

300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

159.00-178.00 147.50-175.00 143.50-161.00 137.50-149.25 121.00-137.25

REPLACEMENT COWS: Medium and Large 1-2 few 2-6 yrs 950-1300 lbs 1st to 3rd stage 840.00-1120.00 per head

SLAUGHTER COWS: Breaking and Boning (70-85% lean) 52.00-59.00. Lean (85-90%) 46.00-55.00

COW & CALF PAIRS: Scarce

SLAUGHTER BULLS: Yield Grade 1-2 1250-2100 lbs 79.0086.50, high dressing 89.50, low dressing 61.00-78.00

NORTHWEST MISSOURI WEEKLY SUMMARY (St Joseph) Receipts: 1851 Week ago: 1814 Year ago: 976 Compared to last week, steers mostly 4.00 to 8.00 higher, heifers mostly steady to 4.00 higher. Slaughter cows 1.00 to 6.00 higher. Slaughter bulls 4.00 higher. FEEDER STEERS: Medium and Large 1 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs. 800-900 lbs.

172.50-183.50 162.00-183.50 140.00-164.00 133.00-146.50 121.00-134.50

FEEDER HEIFERS: Medium and Large 1 300-400 lbs. 400-500 lbs. 500-600 lbs. 600-700 lbs. 700-800 lbs.

164.00-172.00 147.00-161.00 137.00-156.50 130.00-147.00 121.00-125.50

SLAUGHTER BULLS: Yield Grade 1-2 1365-2200 lbs 80.00-90.00, high dressing 92.00 -98.00; low dressing 63.00-75.00

SLAUGHTER COWS: Breaking and Boning (70-85% lean) 54.00-65.50. Lean (85-90%) 49.0058.00

BRED HEIFERS: Medium and Large 1 2-4 yrs 1230 lbs 1st to 3rd stage 935.00; 2-8 yrs 11431425 lbs 2nd to 3rd stage 1010.00-1200.00 per head

COW CALF PAIRS: Medium and Large 1 2-8 yrs 1100-1157 lbs with 150-300 lb calf 1400.00-1525.00; 58 yrs 1127-1503 lbs with 150-300 lb calves 1100.00-1350.00 per pair


MISSOURI WEEKLY DIRECT WEANER AND FEEDER PIG REPORT

Receipts: 6860 Weaner pigs sold mostly steady to weak. Feeder pigs no sales reported. Prices per head. Early weaned pigs 10 lb. base weights FOB the farm 0% negotiated, 3720 head, 10 lbs, 33.00-38.00, weighed average 34.83. Early weaned pigs 10 lb base weights delivered 100 % negotiated, 3140 head, 10 lbs 35.00

Area

Cottonseed Meal 41% Solvent

Meat Meal

Wheat Middlings

Kansas City 366.00

315.00

290.00

120.00

St. Louis

315.00

290.00

115.00

404.00

MISSOURI WEEKLY DIRECT SLAUGHTER CATTLE REPORT Weekly Receipts: 0 Week ago: 640 Year ago: 120 Trading from late last Friday remains light as producers are passing lower bids at this time. LIVE STEERS & HEIFERS: No sales reported

Daily Grain Futures Closes Mon.

WHOLESALE FEEDSTUFFS PRICES (DOLLARS PER TON-BULK BASIS) Soybean Meal 48% Solvent

WEEKLY COMMODITY GRAIN FUTURES TRENDS Compared to last Friday: Soybeans .43 to .45 higher, Wheat .21 to .25 higher, Corn .04 to .05 higher, KC Wheat .19 to .26 higher, Soybean Meal 4.00 to 10.60 higher.

DRESSED STEERS & HEIFERS: No Sales

GRADE AND WEIGHT (Grid): No Sales By-Product Feed Prices Alfalfa Pellets, St. Louis MO 235.00; Corn Gluten Feed pelleted, n/ a; Distillers Grain Dried, Carrollton 165.00; Soy Hulls Kansas City, MO 120.00. Prices per ton. Springfield Livestock Marketing Center Special Dairy Heifer Sale Report for 04/24/2018 Receipts: 615 Last Month Special: 754 Year Ago: 690 Springer Heifers bred seven to nine months: Supreme 1100.00-1225.00. Approved 800.00-1035.00. Heifers bred three to six months: Supreme 1135.00-1270.00, few Jerseys 1075.00-1200.00. Approved 800.001025.00, crossbreds 835.00- 950.00. Medium few 600.00- 685.00, few crossbreds 685.00. Common few Jerseys 450.00- 550.00, few crossbreds 525.00-590.00. Heifers bred one to three months: Approved 785.00925.00. Common 500.00-525.00. Open Heifers: Approved: 246-282 lbs 230.00-330.00; 302-385 lbs 340.00-350.00, crossbreds 400.00-445.00; 415-487 lbs 350.00-460.00. crossbreds 460.00-560.00; 530-598 lbs 500.00 -550.00, crossbreds 460.00-560.00; 607-695 lbs 550.00-680.00; 710-770 lbs 630.00-725.00. Medium: 270-282 lbs crossbreds 245.00-250.00; 540590 lbs 230.00-470.00; 665-675 lbs few 380.00-430.00. Replacement Cows: Fresh and Milking Cows: Approved few 900.00-975.00. Medium few 700.00-775.00. Springer Cows: Approved few Jerseys 825.00900.00. Bred Cows: Medium few Jerseys 650.00-775.00. Baby Calves: Holstein heifers 100.00-160.00. Holstein bulls 140.00-180.00, small 95.00 -120.00. Jersey heifers ind 160.00. Jersey bulls 35.00-50.00. Crossbred heifers few 130.00-180,00. Crossbred bulls 130.00-200.00 Buffalo Livestock Market Sheep and Goat Auction Report Sheep and Goat Auction for 05/22/2018 Receipts: 890 Last Month: 1261 Last Year: 610 SHEEP: Feeder Lambs: mostly hair: Medium and Large 1 28-35 lbs 250.00-275.00; 41-58 lbs 200.00-217.50. Medium and Large 1-2 25-38 lbs 202.50-222.50; 44-59 lbs 182.50-197.00. Medium and Large 2-3 4446 lbs 100.00-135.00. Slaughter wool lambs: Choice and Prime 1-2 6078 lbs 177.50-183.50. Slaughter Hair Lambs: Prime 2-3 68-73 lbs 190.00-212.50; 100-115 lbs 155.00-165.00. Choice 1-3 60-75 lbs 172.50184.00; 89-90 lbs 172.50-175.00. Replacement Ewes: Medium and Large 1-2 65-110 lbs 135.00-164.00; 121-148 lbs 70.00-110.00. Families: Ewes with single or twin lambs 135.00-175.50 Per family. Slaughter Wool Ewes: Utility and Good 2-3 75-180 lbs 51.00-80.00. Slaughter Hair Ewes: Utility and Good 2-3 70-108 lbs 80.00-87.50; 122-150 lbs 54.00-67.50. Utility and Good 1-3 55-110 lbs 45.00-60.00. Replacement Rams: Medium and Large 1-2 87-125 lbs 120.00-152.50. Slaughter Rams: Good 1-2 105-250 lbs 61.00-82.50. Feeder Kids: Selection 1 2539 lbs 230.00-245.00. Selection 2 25-29 lbs 180.00-200.00. Selection 3 29-30 lbs 120.00-152.50. few bottle babies: Selection 2-3 17.00-37.00 Per Head. Slaughter Goats: Selection 1 50-70 lbs 290.00-305.00; 75 lbs 255.00. Selection 2 40-65 lbs 260.00-285.00. Selection 3 50-55 lbs 100.00-136.00; 88 lbs 125.00. Replacement Does, few: Selection 1 80 lbs 300; 93 lbs 230.00; 165 lbs 112.50; 166 lbs 145.00. Families: Selection 2 does with single or twin kids:165.00-180.00 Per Family. Slaughter Does: Selection 2 55-130 lbs 114.00-130.00. Selection 3 60-120 lbs 85.00-110.00. Slaughter Bucks: Selection 2 75-140 lbs 140.00-167.50. Selection 3 88-110 lbs 130.00-135.00.

Soybeans Jul Aug Sep Nov Jan

Tues.

Wed.

Thu.

Fri.

1025 1/4 1029 1030 1/4 1033 3/4 1037

1030 1/2 1034 1/4 1035 1/2 1039 1042 1/2

1039 1/4 1043 1/4 1045 1048 3/4 1052

1035 3/4 1039 3/4 1042 3/4 1047 1/2 1050 3/4

1041 1/2 1046 1049 1053 1/2 1056 1/4

Wheat Jul Sep Dec Mar May

507 1/4 524 1/2 546 3/4 565 1/2 575 1/4

521 1/2 538 1/2 559 3/4 578 588

531 547 3/4 568 1/4 585 1/2 594 3/4

530 1/4 547 566 1/2 583 1/4 591 3/4

543 559 3/4 578 1/2 594 1/2 602 1/4

Corn Jul Sep Dec Mar May

402 3/4 411 1/4 421 429 1/4 433 3/4

404 3/4 413 1/2 423 1/4 431 1/4 435 1/2

408 1/2 417 1/4 426 1/2 434 1/4 438 1/2

404 1/4 413 422 1/2 430 3/4 435 1/4

406 415 425 433 1/2 437 3/4

KC Wheat Jul Sep Dec Mar May

526 1/2 545 1/4 571 1/2 589 3/4 599 3/4

540 1/2 559 1/4 584 1/2 602 1/2 611 3/4

551 3/4 570 1/4 595 1/4 612 1/2 620 1/4

549 567 1/2 591 3/4 607 3/4 614 1/2

564 582 1/2 606 1/4 621 3/4 628 1/4

SB Meal Jul Aug Sep Oct Dec

379.10 378.70 377.20 375.10 373.60

377.50 377.50 376.60 374.70 373.30

380.70 380.50 379.90 378.50 377.80

377.30 377.60 377.30 376.40 375.90

380.30 380.80 380.30 379.10 378.60

WEEKLY COMMODITY FUTURES TRENDS Compared to last week: Live Cattle 2.25 to 4.12 higher, Lean Hogs uneven from .55 lower to .30 higher, Feeder Cattle 5.60 to 7.30 higher. Daily Futures Closes Mon.

Tues.

Wed.

Thu.

Fri.

Cattle Jun Aug Oct Dec Feb

104.92 100.62 103.72 109.45 112.82

104.90 100.65 103.85 109.75 113.10

105.45 102.80 105.75 111.30 114.32

104.40 101.77 105.25 110.82 113.97

104.65 102.30 105.82 111.32 114.57

Jun Jul Aug Oct Dec

74.00 76.85 76.05 62.30 57.95

73.12 75.12 74.35 61.05 56.95

74.60 76.22 75.02 62.22 58.05

74.82 76.77 75.35 62.25 58.10

74.20 77.55 76.07 62.82 58.47

Fdr Cat May Aug Sep Oct Nov

133.92 140.50 140.67 141.00 142.10

133.95 140.72 140.80 141.05 142.15

134.90 143.35 143.30 143.45 144.25

136.40 143.30 143.10 143.20 143.72

—— 144.92 144.45 144.32 144.92

Milk May Jun Jul

15.22 15.90 16.45

15.24 15.83 16.46

15.24 15.75 16.43

15.19 15.75 16.45

15.18 15.69 16.35

INTERIOR MISSOURI DIRECT HOGS Weekly Receipts: 985 Week ago: 1534 Year ago: 2016 Compared to last week, barrows and gilts steady to 2.00 higher. Sows steady to 2.00 lower. BARROWS AND GILTS: Base carcass meat price 54.0058.00. Weekly Top Fri 58.00

SOWS: 300-500 lbs. 28.00-37.00 Over 500 lbs. 34.00-41.00


WEEKLY MARKET SUMMARY (USPS 597250) To be published weekly by the Missouri Department of Agriculture 1616 Missouri Blvd. Jefferson City, MO 65109

Postmaster: Send address changes to: Missouri Department of Agriculture P.O. Box 630 Jefferson City, MO 65102

Market News Hotline 1-573-522-9244

May 25, 2018

Missouri Crop Progress and Condition Report 5/21/18

MISSOURI GRAIN WEEKLY TRENDS Weekly Trends: Soybeans .43 to .53 higher, Wheat .25 to .30 higher, Corn .02 to .05 higher, Sorghum .07 higher.

Area

Periodicals postage paid at Jefferson City, Missouri

#1 Soybeans

#2 Soft Wheat

#2 Corn

Kansas City Friday** Monday Tuesday Wednesday Thursday Friday

9.64-9.88 9.90-10.15 9.95-10.20 10.04-10.29 10.01-10.26 10.07-10.36

4.73-4.93 4.62-4.97* 4.76-5.11* 4.86-5.21* 4.85-5.20* 4.98-5.33*

3.78-3.82 3.78-3.93 3.79-3.95 3.84-3.98 3.79-3.94 3.81-3.96

6.01 6.03 6.07 6.12 6.05 6.08

St. Louis Friday** Monday Tuesday Wednesday Thursday Friday

9.99-10.00 10.26-10.27 10.31-10.37 10.45-10.47 10.41-10.43 10.48-10.50

5.04-5.25 5.17-5.22* 5.31-5.36* 5.41-5.46* 5.40-5.45* 5.53-5.58*

4.10-4.11 4.10-4.11 4.12-4.13 4.16-4.17 4.12 4.15

7.03-7.26 7.03-7.26 7.07-7.30 7.14-7.37 7.07-7.30 7.10-7.33

Central Friday** Monday Tuesday Wednesday Thursday Friday

9.51-9.54 9.77-9.80 9.82-9.86 9.91-9.94 9.88-9.91 9.94-9.97

4.73* 4.62* 4.76-4.77* 4.86* 4.85* 4.98-5.13*

3.69-3.73 3.70-3.73 3.72-3.75 3.75-3.79 3.71-3.74 3.73-3.76

—— —— —— —— —— ——

S.E. MO Friday** Monday Tuesday Wednesday Thursday Friday

9.90-10.08 10.13-10.36 10.28-10.41 10.40-10.54 10.37-10.52 10.43-10.59

5.25-5.39* 5.13-5.28* 5.27-5.39* 5.37-5.53* 5.40-5.53* 5.53-5.66*

4.05-4.22 4.05-4.20 4.05-4.22 4.10-4.25 4.09-4.21 4.11-4.24

—— —— —— —— —— ——

(PRICES PER BU. EXCEPT GR. SORG. PER CWT) *NEW CROP **PREVIOUS WEEK’S PRICES

#2 Grain Sorghum

Warmer temperatures and above average precipitation for the week improved crop conditions. Temperatures last week averaged 71.5 degrees, 6.3 degrees above normal. Precipitation averaged 1.66 inches statewide, 0.56 inches above normal. There were 4.3 days suitable for fieldwork for the week ending May 20, 2018. Topsoil moisture supply was rated 6 percent very short, 16 percent short, 67 percent adequate, and 11 percent surplus. Subsoil moisture supply was rated 7 percent very short, 23 percent short, 65 percent adequate, and 5 percent surplus. Corn planting progressed 5 percentage points to 96 percent complete, which is 9 percentage points ahead of the 5-year average. Corn emerged progressed to 84 percent, 20 percentage points ahead of the previous week. Corn condition was rated at 2 percent poor, 27 percent fair, 64 percent good, and 7 percent excellent. Soybean planting was 61 percent complete with 33 percent emerged. Cotton planting progressed to 94 percent, 21 percentage points ahead of the 5-year average. Rice planting progressed to 95 percent this week. Rice emerged progressed to 75 percent, 27 percentage points ahead of the previous week, but still 1 percentage point behind the 5-year average. Sorghum planted is at 53 percent, 18 percentage points ahead of the 5year average. Winter wheat headed is at 84 percent, 13 percentage points behind last year. Winter wheat condition was rated 3 percent very poor, 8 percent poor, 41 percent fair, 43 percent good, and 5 percent excellent. Alfalfa first cutting progressed to 27 percent, 2 percentage points behind the previous year, but 5 percentage points ahead of the 5-year average. Other hay first cutting progressed to 11 percent, 3 percentage points behind the previous year, but 1 percentage point ahead of the 5-year average.


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Weekly 2018 week 21 by MO Market News - Issuu