A delegation of six Japanese chefs and food service providers is in Wisconsin to see beef production first-hand. The Wisconsin Beef Council and the U.S. Meat Export Federation organized the trade mission to show beef buyers how their meat is raised and processed, from the farm to the meat case, and to the table. Tammy Vaasen with the Wisconsin Beef Council says the Wisconsin Initiative for Agricultural Exports funding allows […]
Jul. corn closed at $5.55 and 1/4, down 6 and 1/4 centsJul. soybeans closed at $13.33 and 1/4, down 3 and 3/4 centsJul. soybean meal closed at $414.10, down $11.20Jul. soybean oil closed at 47.29, up 88 pointsJul. wheat closed at $6.11 and 3/4, down 13 and 3/4 centsJun. live cattle closed at $165.52, up 70 centsAug. feeder cattle closed at $234.50, up $3.35Jun. ...
An ag economist says ensuring that grain can be transported through the Black Sea safely could improve global food security. Jim McCormick with AgMarket.Net says many countries depend on food products from the region. “Roughly about 7% of the world’s wheat comes out of that part of the world, Ukraine and roughly 15% of the world’s corn supply comes out of that part of the world.” The Black Sea Grain […]
Soybeans were lower on fund and technical selling. Planting and development weather looks generally favorable in much of the Midwest and Plains. Weekly old crop export numbers were bearish. Old crop sales were just 600,000 bushels, sharply lower than last week, mainly to Mexico and unknown destinations, with a big cancellation by China. New crop sales were somewhat better at 24.4 million bushels, primarily to unknown and China. Soybean meal […]
Bangladesh has lifted fumigation requirements on cotton imported from the US, broadening opportunities for American grown cotton. Dr. Don Parker with the National Cotton Council tells Brownfield for nearly 50 years, bales of US cotton had to be fumigated at Bangladesh ports before moving in-country. “That was a big challenge, not just because of the cost associated with it, but because of the efficiency to be able to get […]
The chief commodities economist with Stone X Group tells Brownfield confirmation of a bad wheat crop in Kansas had very little impact on the markets. Arlan Suderman says reports of milling wheat being imported from eastern Europe to the United States killed the wheat market on Thursday, proving alternative supplies can be sourced cheaper from other places. “We have a lot of soft red winter wheat being blended into mixes […]
Jack Harrison, the owner of the Callaway Livestock Center in Kingdom City, Missouri, tells Brownfield the reason is outstanding prices and short hay supplies. “About every week our cow numbers have been double what they’ve been one year ago,” he says. “Feeder numbers are about 20% higher than they were one year ago and people are selling fall calves early saving all of the feed they can for cows.” He […]
Milk futures were down and cash dairy prices were steady to lower Thursday on the Chicago Mercantile Exchange. June Class III milk was down $0.40 at $15.92. July was down $0.43 at $16.65. August was down $0.32 at $17.55. September was down $0.21 at $18.24. October through April contracts ranged from unchanged in April to fifteen cents lower in January. Dry whey was down $0.0175 at $0.27. Fourteen sales were […]
Results from this year’s Hard Red Winter Wheat tour show it could be the worst crop in 60 years. The Wheat Quality Council predicted an average of 30 bushels per acre with production at 178 million bushels, the first time since 1963 total production in Kansas could be under 200 million. Romulo Lollato, an extension wheat and forage specialist with K-State, says drought ruined much of the crop in Southwest […]
