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Brownfield

A top competitor to U.S. pork exports is going through a major production shift.  U.S. Meat Export Federation CEO Dan Halstrom says the European Union has been a formidable supplier of pork for several decades. “But their industry is making a massive adjustment at the moment, massive. Let me repeat that, a massive adjustment.” Speaking during the opening general assembly of the USMEF Spring Conference in Minneapolis Wednesday afternoon, he […]

todayMay 24, 2023 16

Brownfield

More dairy products in cold storage during April

The number of dairy products in cold storage was higher as of April 30th. Natural cheese stocks in refrigerated warehouses were up slightly from the previous month but down 1 percent from April 30, 2022. There were 838.2 million pounds of American-style cheeses in storage last month, compared to 835.7 million pounds a year ago, and up from 826.7 million pounds in March. Total cheese in storage was 1.463 billion […]

todayMay 24, 2023 16

Brownfield

Stabenow says bipartisan foreign ownership bill is in progress

Senate Ag Committee Chair Debbie Stabenow says work continues to address foreign entities purchasing ag land along with food businesses. “This is very much a bipartisan discussion, and Senator Boozman and I are looking at the practicalities of what the realities are now,” she says. The Michigan Democrat tells Brownfield the U.S. Ag Secretary is currently not part of overseeing foreign purchases of business in the food sector but should […]

todayMay 24, 2023 16

Brownfield

Wisconsin farmer-legislator explains support for ag roads bill

A Wisconsin farmer who serves in the State Assembly says the Agricultural Roads Improvement Program bill under consideration is a good start to fixing rural infrastructure. Republican Travis Tranel of Cuba City says, “Here, we find ourselves with some one-time money. I can’t think of a better use for it because the need is so great.” Tranel says if the state doesn’t start now, it will never be able to […]

todayMay 24, 2023 17

Brownfield

Illinois Wheat Tour reveals good potential for 100-bushel yields

Several Illinois farmers could harvest 100+ bushel wheat this year. The Illinois Winter Wheat tour this week collected data from 57 fields across 19 counties in the southern half of the state. Illinois Wheat Association Executive Director Megan Dieken tells Brownfield a variety of yields were estimated using tiller and spikelet counts. “St. Clair County came in with a 76.08 estimated yield and the highest estimate was in Hamilton County […]

todayMay 24, 2023 20

Brownfield

The Andersons add Michigan granulation facility to portfolio

The Andersons have completed an acquisition of a granulation facility in mid-Michigan. Prolime Agriculture LLC had been manufacturing pelletized lime and gypsum in Laingsburg since it was built in 2018. The Andersons say the facility will now produce natural limestone and gypsum soil amendments along with other proprietary products. ...

todayMay 24, 2023 26

Brownfield

An expensive time to borrow

Rising interest rates and the increased cost of capital means farmers may have to take a different approach to 2024 production expenses. Aimpoint Research Chief Economist Gregg Doud says it’s unclear what next year will bring for a capital-intensive industry like agriculture. “Are we going to have economic growth, which means we’re going to have improved commodity prices and we can offset the higher costs of interests and operating capital, […]

todayMay 24, 2023 17

Brownfield

Cattle futures supported by strong cash business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher watching direct cash business develop at solidly higher prices.  June live cattle closed $1.82 higher at $166.10 and August lives closed $1.55 higher at $164.12.  August feeder cattle closed $1.05 higher at $234.52 and September feeder cattle closed $.87 higher at $237.62.  It was an active day for direct cash cattle business.  Live deals in the South […]

todayMay 24, 2023 24