At the Chicago Mercantile Exchange, live and feeder cattle were higher, shrugging off lower cash and wholesale business. Feeders did the bulk of the heavy lifting Wednesday, finding support in the sharply lower move in corn. August live cattle closed $1.37 higher at $1783.87 and October live cattle closed $.95 higher at $177.02. August feeder cattle closed $1.75 higher at $240.25 and September feeders closed $1.75 higher at $243.72. A […]
Dry conditions in Missouri are affecting some fertilizer demand. MFA’s Director of Plant Foods Chris DeMoss says there was good demand for fertilizer this spring across Missouri, but farmers are slow to top dress corn as the dry conditions worsen. He says the application window is narrowing. “I think farmers are waiting on the rain, but it’s also, at some point, going to be far enough along that not much […]
The dry conditions are affecting the corn in central Missouri. MFA’s Vice President of Agri-Services Jason Weirich says overall, the corn look better than it should in the state due to minimal rainfall. He says that’s likely due to a deep root establishment from early planting, but there are some fields outside of northwest Missouri that have pineapple corn. “Pineapple corn is really the crop’s defense mechanism. The corn rolls […]
Jul. corn closed at $5.90, down 33 centsJul. soybeans closed at $14.51, down 44 centsJul. soybean meal closed at $401.80, down $5.50Jul. soybean oil closed at 59.62, down 93 pointsJul. wheat closed at $6.55 and 3/4, down 29 and 1/4 centsAug. live cattle closed at $173.87, up $1.37Aug. feeder cattle closed at $240.25, up $1.75Jul. lean hogs closed at $94.27, up 15 centsJul. ...
Northwest Iowa farmer Kelly Nieuwenhuis says the 2023 growing season has been better than expected. “We’ve been pretty fortunate,” he said. “We caught some spotty rains here lately, anywhere from 2-to-3 ½ inches in our area over the last two weeks. If we avoid the excessive heat, I think we’ll be good for a while.” He tells Brownfield working with dry conditions is nothing new. “We’ve been in an excessive […]
Soybeans were sharply lower on speculative and technical selling. There’s been at least some rainfall in dry parts of the Midwest this week, with the potential for more. August is the big month for beans, but an improved precipitation pattern during July would definitely be an asset for the crop. While this year’s crop might not reach those lofty initial projections, if the conditions are able to stabilize or improve, […]
A health insurance cooperative is looking for Minnesota farmers and agribusinesses in need of coverage. 40 Square chairman Cole Trebesch says they offer a variety of competitive plans. “Anything from lower deductibles to higher deductibles, we have ESPCA Network which is only available in certain counties and I think we have 13 counties. And we also offer an open network plan, which can go anywhere.” He tells Brownfield 40 Square […]
The Ranking Member of the U.S. Senate Ag Committee says investments in broadband are critical to the success of rural America. “We used to think in terms of the three R’s as in roads, railroads, and runways, and you can throw water into that,” Senator John Boozman of Arkansas tells Brownfield. “That’s how you developed an area. Now, if you don’t have broadband, though, you simply are not going to […]
The President and CEO of Valent USA says sustainability is a main focus for both their company and farmer customers. Matt Plitt tells Brownfield shifting dynamics in the ag economy and the increased cost of capital for growers has furthered underscored the need for sustainable solutions. “As you look at the cost of operations going up, commodity prices softening, that really means we’ve got to have products that work and […]
