Brownfield

Several House Republican Congressmen have signed onto a bill that would reverse regulatory burdens and reduce farm input costs. Ag Committee Ranking member Glenn “GT” Thompson, the bill’s sponsor, says it would strengthen agricultural and food supply chains. “We are in a serious crisis moment. We need concrete immediate policy actions to help mitigate impacts at home and abroad. American agriculture, given the right tools and certainty, can serve a […]

Jul. corn closed at $7.74, up 5 and 3/4 centsJul. soybeans closed at $16.93 and 3/4, down 4 and 3/4 centsJul. soybean meal closed at $417.50, up $6.50Jul. soybean oil closed at 77.67, down 61 pointsJul. wheat closed at $10.50, down 1/4 centJun. live cattle closed at $137.55, up $2.35Jul. lean hogs closed at $108.27, up $1.65Jul. Class III milk closed at $24.26, up 1 centJul. ...

Milk futures were mostly up and cash dairy prices were mixed on the Chicago Mercantile Exchange Wednesday. June Class III milk was up $0.03 at $24.34.  July closed up $0.01 at $24.26.  August closed up $0.01 at $24.40.  September was unchanged at $24.32.  October through May contracts ranged from one cent lower in October to twenty-seven cents lower in December. Dry whey was down $0.0050 at $0.51.  Four sales were […]

Soybeans closed modestly lower on profit taking and technical selling, unable to hold onto the sessions gains. Unknown destinations canceled on 100,000 tons of old crop U.S. soybeans ahead of the open and near-term crop weather is seen as non-threatening in many areas. The hot weather being experienced in large swaths of the region has helped the crop catch up on growing degree days and some areas will see beneficial […]

The USDA has extended the public comment period to July 15 for its Access to Fertilizer: Competition and Supply Chain Concerns notice. The previous deadlines for comments were May 16 and June 15.  Andy Green, senior advisor for fair and competitive markets with the USDA says the deadline is being extended to allow for additional feedback regarding the role of capacity and expansion and related strategies to directly enhance competition […]

President Biden says the US is working with its European partners to move grain out of Ukraine and help bring down food prices. During his remarks at the AFL-CIO Quadrennial Constitutional Convention in Philadelphia on Tuesday, the President said Russia’s ongoing attacks are preventing Ukraine from exporting agricultural goods.  “It can’t go out of the Black Sea because it will get blown out of the water,” he says.  “So, we’re […]

An ag economist says shrinking feed demand is weakening crop market support. University of Missouri ag economist Ben Brown said high grain prices are driving down demand. He tells Brownfield livestock producers are cutting down on herd sizes and closely monitoring feed use. “As I talk to cattle producers, they tell us the feed costs side of the equation is just burdensome and they’re struggling to turn a profit,” Brown […]

Soybean industry leaders say the U.S. has some key advantages in the global market. Missouri Soybean Association’s Matt Amick tells Brownfield his team hosted buyers from several Latin American countries earlier this year with the focus on sustainability. “And that really differentiates us on the international market with some of our competitors,” Amick said. “If we show that we’re producing sustainable U.S. soybeans and we’ve got customers that are maybe […]

Land O’Lakes’ sustainability business has extended the enrollment period for its carbon program. Mariah Murphy, senior manager of member-owner engagement for Truterra, says farmers can earn up to $25 per ton for any carbon stored in their soils between 2019 and 2021. “And those include specific practices such as anyone who has transitioned to no-till (or) strip-till, addition of cover crops, those would be the practices that qualify.” She tells […]