A livestock economist says beef cow slaughter numbers indicate expansion of the US cattle herd won’t happen anytime soon. University of Missouri’s Scott Brown says the year-to-date beef cow slaughter is 4.95% of beginning inventory. “Cow slaughter is not down enough that we’re actually building cow inventory. You have to get at below four percent of that beginning inventory before you talk about real increase in beef cow inventory.” For […]
Jul. corn closed at $5.81, down 9 centsJul. soybeans closed at $14.83, up 32 centsJul. soybean meal closed at $403.00, up $1.20Jul. soybean oil closed at 60.83, up 121 pointsJul. wheat closed at $6.53, down 2 and 3/4 centsAug. live cattle closed at $174.50, up 62 centsAug. feeder cattle closed at $242.37, up $2.12Jul. lean hogs closed at $95.45, up $1.17Jul. ...
Soybeans were mixed on bull spreading. Beans were watching the weather while getting ready for Friday’s planted area and quarterly stocks numbers. Those reports are out at Noon Eastern/11 Central. Weather-wise, even if the critical month for beans is August, soil moisture improvements are definitely welcome, but that has some with high winds and hail in parts of the region, causing at least some damage. Old and new crop weekly […]
An ag meteorologist says smoke from Canadian wildfires has the potential to repeat through the fall. Michigan’s state climatologist Jeff Andresen tells Brownfield the current flow of the jet stream from east to west into the Midwest has been unusual and brought with it some of the worst air quality seen across the globe. “Those fires themselves reflect long-term dryness in those areas of Canada,” he says. “That’s why the […]
The USDA’s Quarterly Hogs and Pigs shows the potential for at least some industry contraction later this year. The U.S. breeding herd on June 1st, 2023 was slightly lower at 6.146 million head, generally in-line with pre-report expectations. The breeding numbers do show steady to higher numbers in several key states, even with relatively high feed costs and questions about industry impact from California’s Proposition 12, but the inventory was […]
The National Cattlemen’s Beef Association and its litigation partners have filed a motion to vacate the Biden administration’s Waters of the U.S. rule following the Supreme Court’s Sackett decision. The Environmental Protection Agency has announced intent to issue a revised version of its WOTUS definition before Sept. 1. Mary-Thomas Hart, chief counsel for NCBA tells Brownfield fully rewriting the WOTUS definition is the only path forward following the Supreme Court’s […]
A new study from the American Feed Industry Association reveals animal food manufacturing facilities are large contributors to the U.S. economy. Leah Wilkinson, vice president of public policy and education, says the animal food industry will generate more than $267 billion in sales this year. “But, that also includes $98.4 billion that’s value added,” she said. “That is given out in not only the ingredients we buy, but also the […]
The downward trend for Milk futures continues, and cash dairy prices were mostly lower Thursday on the Chicago Mercantile Exchange. July Class III milk was down $0.26 at $14.09. August was down $0.27 at $14.77. September was down $0.23 at $15.96. October was down $0.19 at $16.95. November through May contracts ranged from nineteen cents lower in November to three cents higher in January. Dry whey was down $0.01 at […]
A start-up company says it’s developing an eco-friendly $750 million fertilizer plant that will increase supplies for the Western Corn Belt and produce zero-carbon ammonia. Farmer Andy Jobman says Project Meadowlark’s facility in the Central-Nebraska town of Gothenburg will diversify the region’s fertilizer production. “We’ve fought a lot of high prices and volatile prices in the last few years. Hopefully this additional source will create some stability and opportunities for […]
