Page 2 - April Class News Today

Cattle regain some losses from last week, some expecting tighter supplies to create more demand.

The Wheat rally continues with a full head of steam, but how long can we expect this run to continue?

Dairy News as reported in the Washington Dairygrams for the March 2022 issue of Hoard's Dairyman

nonfat dry milk and skim milk powder up 36.1% USDA estimates milk production for the month was 1.8% higher than a year ago. Milk cow numbers continue to increase with 77,000 more cows than a year ago for an increase of 0.8%. The increase in milk per cow slowed some with an increase of 1%. Higher milk prices The level of milk production for the remainder of the year is crucial to how milk prices will fare. USDA is forecasting a relatively strong increase in milk production for the year, at 2.3% ...

Dairy product prices show strength in April Bob Cropp Despite relatively strong milk production growth dairy product prices continued to show strength during April. While prices on the CME moved up and down during the month, the price of cheese, dry whey, butter and nonfat all strengthened. The 40-pound cheddar block price was as low as $1.74 per pound, strengthened to $1.80 and current is $1.7950. Cheddar barrels were as low as $1.5125 per pound but have strengthen currently to $1.8050. Barrel...

Corn Breaks Through Key Levels Wednesday Mar 17th, 2021 Shellady “ .” Chicago Soft Red Winter Wheat prices for May closed the day up 2, to finish at 647. May Corn was up just 4 ¾ to close at 554 ¼. Kansas City Hard Red Winter Wheat prices for May were up 1 ½, to settle at 608 ¼. Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 8-00. Soft white wheat of Ordinary Protein for May was Unch, ranging from 7-20 to 7-65. Hard Red Winter Wheat with 11 ½ percent Protein, ...

Cattle surge to end the week as demand begins to pick up as we start into the warmer months.

Marketline Report for Thursday, March 11th Thursday Mar 11th, 2021 McGathey “ .” Chicago Soft Red Winter Wheat prices for May closed the day dn 5, to finish at 652 ½. March Corn was dn 11 ¾ to close at 534. Kansas City Hard Red Winter Wheat prices for May were dn 10, to settle at 616 ½. Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 7-80. Soft white wheat of Ordinary Protein for May was Unch, ranging from 7-30 to 7-65. Hard Red Winter Wheat with 11 ½ percent Pro...

Some technical buying in the cattle market brings support to the beef complex to close the week with a rally