At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking. Markets continue to watch direct cash business develop, which has been at mostly, sharply higher prices. August lives closed $2.30 lower at $173.20 and October lives closed $2.62 lower at $175.62. August feeders closed $4.15 lower at $239.10 and September feeders closed $4.25 lower at $242.27. Direct cash cattle business is looking to break some records this […]
The National Milk Producers Federation says a recent bill to remove trade barriers on baby formula imports would be a burden for the U.S. dairy industry. Shawna Morris tells Brownfield the Formula 3.0 Act is a misguided response to the infant formula shortage last year from a temporary production crisis. “Production has recovered, and FDA has even recently testified that formula stocking rates are above the levels that we saw […]
Jul. corn closed at $6.04 and 1/4, down 3 and 3/4 centsJul. soybeans closed at $13.60 and 3/4, up 7 and 1/2 centsJul. soybean meal closed at $405.20, up $8.50Jul. soybean oil closed at 50.47, down 45 pointsJul. wheat closed at $6.16 and 3/4, up 11 centsJun. live cattle closed at $179.00, down 82 centsAug. feeder cattle closed at $239.10, down $4.15Jun. ...
The former chief agriculture negotiator for the U.S. Trade Representative’s office will lead the National Milk Producers Federation in 2024. The NMPF Board of Directors unanimously made the decision Wednesday. Gregg Doud tells Brownfield the dairy industry has exceptional growth potential. “When you look at the combination of what’s going on globally in terms of the demand for protein and dairy compared to what some of the production is going […]
Specialty crop growers stressed their needs for the 2023 Farm Bill during a U.S. Senate subcommittee hearing Wednesday. Charles Wingard is Vice President of Field Operations for his family’s fresh vegetable operation Walter P. Rawl which farms across South Carolina, Florida, Pennsylvania, and Michigan, and testified on behalf of the International Fresh Produce Association. “Our industry represents 44 percent of the total US farm crop income, however, our support in […]
Soybeans were mixed on bull spreading. Beans are watching the weather, with some rain in the near-term forecast against a less certain medium-term outlook. Export demand for U.S. beans remains slow, with Brazil continuing to hold much of the market. The USDA’s weekly sales numbers are out Thursday morning. Chinese customs data has January through April soybean imports at 42.3 million tons, up 11.1% from last year. ANEC sees Brazil’s […]
The National Pork Producers Council is focused on the hog market, farm policy, and labor shortages as stakeholders gather in Des Moines for the World Pork Expo. NPPC CEO Bryan Humphreys says profitability is a struggle for many pork producers right now. “We’ve come off a couple pretty decent years in the pork industry, and if you just look at the hog prices right now they seem fairly competitive. But […]
