At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mostly higher waiting for direct markets to develop. June live cattle closed $.45 lower at $163.87 and August lives closed $.27 lower at $162.47. August feeder cattle closed $.42 higher at $231.47 and September feeder cattle closed $.47 higher at $234.32. It was another quiet day for direct cash cattle business. Bids didn’t surface. Early asking prices were […]
Photo: Farmer Clay Schemm with Brownfield’s Kellan Heavican on the Hard Red Winter Wheat Tour From drought stress to freeze damage and disease pressure, low expectations have been confirmed after the first day of the 2023 Hard Red Winter Wheat Tour. Farmer Clay Schemm tells Brownfield fields are averaging about 30 bushels per acre. “It’s rough to see but, it’s looking like it’s going to be a little bit worse […]
Jul. corn closed at $5.81 and 1/4, down 11 and 1/4 centsJul. soybeans closed at $13.64, down 36 and 3/4 centsJul. soybean meal closed at $426.90, down $4.00Jul. soybean oil closed at 47.45, down 224 pointsJul. wheat closed at $6.47 and 1/2, down 13 and 1/4 centsJun. live cattle closed at $163.87, down 45 centsAug. feeder cattle closed at $231.47, up 42 centsJun. ...
Plant tissue from crops in East Palestine, Ohio is not contaminated with “semi-volatile organic compounds” associated with the train derailment, according to the Ohio Department of Agriculture and Ohio State University. Producers in the area have expressed concerns about the planting season and potential ag impacts caused by the Norfolk Southern train derailment that took place Feb. 3. The department says plant health inspectors used U.S. Environmental Protection Agency-approved methods […]
Texas-based STX Beef Company has purchased Missouri Prime Beef Packers, a 750 head per day facility in Pleasant Hope. In a press release, STX says it’s immediately taking over operations. CEO Terry Maul says Missouri has a thriving beef industry and the acquisition will help STX increase capacity. STX currently operates a 250,000 square foot facility that processes over 1,000 head of cattle per day in Corpus Christi. ...
Soybeans were sharply lower on fund and technical selling. U.S. planting is faster than average, with favorable weather in the near-term forecast for many areas. A number of key states are considerably ahead of their respective normal paces, but portions of the northern Plains are lagging due to wetter and cooler than ideal conditions. Broader market bearishness linked to concerns about U.S. and global economic growth was an additional factor. […]
A bipartisan group of Michigan lawmakers has introduced a resolution asking the Michigan State University Board of Trustees to include agricultural representation in their presidential search. MSU announced its search committee last week, and the list did not include a member of the ag industry. Michigan Senate Natural Resources and Agriculture chair Sue Shink, one of the sponsors, tells Brownfield… “MSU is an agricultural school, it always has been, and […]
This week Illinois Soybean Association Outreach Agronomist Stephanie Porter reviews why the association created the ILSoyAdvisor website, and the benefits soybean farmers can redeem by visiting it. She also highlights new resources coming to the site including updates from ISA’s newest class of Soy Envoys. ...
Southwest Iowa farmer Ray Gaesser says corn and soybean planting is wrapping up in his area. “On our farm we are completely done with corn,” he said. “We had to wait on a variety of (soybean) seed from South America and it just arrived. As soon as it dries up we will finish up in a short day.” He tells Brownfield soil conditions have improved from 2022. “The August drought […]
