Jul. corn closed at $7.68 and 1/4, down 1 centJul. soybeans closed at $16.98 and 1/2, down 9 centsJul. soybean meal closed at $411.00, down $4.10Jul. soybean oil closed at 78.28, down 123 pointsJul. wheat closed at $10.50 and 1/4, down 20 and 3/4 centsJun. live cattle closed at $135.20, up $1.20Jun. lean hogs closed at $108.45, up 45 centsJun. Class III milk closed at $24.31, up 1 centJul. ...
A farmer in southern Minnesota is confronting high input costs head on. Sam Ziegler grows corn and soybeans near Good Thunder. “I’ve been more aggressive on the marketing for next year than I have been in the past, to the point where it’s like if you can lock in five and-a-half dollar corn and other things for over a year out, I think history has taught us what goes up […]
Soybeans were lower on fund and technical selling. Contracts were up early, but unable to follow through as soybean products and crude oil turned lower. Crush margins and supply and demand fundamentals remain bullish for the soy complex. The NOPA’s member crush report for May is out Wednesday. 70% of the U.S. crop is rated good to excellent with planting matching the average pace. Planting and development conditions generally look […]
The chief veterinarian for the National Pork Producers Council suggests several questions need to be answered before a vaccine for African swine fever becomes commercially available. Speaking to Brownfield at last week’s World Pork Expo in Des Moines, Dr. Liz Wagstrom says USDA’s Agricultural Research Service is working on some very promising technology. “You might’ve seen headlines that it was commercialized in Vietnam now, (but) there are several steps they […]
The nation’s largest ag cooperative says it will begin construction this summer on a state-of-the-art grain facility in northwest Minnesota. CHS plans to build a 1.25 million bushel shuttle elevator in Erskine, bringing total capacity at the location to 4.55 million bushels. Executive vice president of CHS ag retail operations Rick Dusek says this is a key location in the flow of grain from the Upper Midwest to export terminals […]
An ag economist says U.S. corn export inspections will have to pick up to meet USDA expectations, even with a recent downward adjustment in UDSA’s latest global supply and demand report. Ben Brown with the University of Missouri said the only sizable adjustment in the report came to old crop corn export expectations dropping 50 million bushels. “That increases old crop ending stocks, that increases new crop beginning stocks,” he […]
A self-taught livestock auctioneer from Dunlap, Iowa has been named the 2022 World Livestock Auctioneer Champion. Will Epperly works for Dunlap Livestock Auction, and West Point Livestock Auction in West Point, Nebraska. Held in Shipshewana, Indiana, the 58th annual competition was presented by the Livestock Marketing Association (LMA). Epperly has competed in the event for 12 years, and earned his spot in this year’s competition by winning runner-up honors at […]
An atmospheric scientist says variable weather conditions across the globe could add more uncertainty in agriculture. Nutrien Ag Solution’s Eric Snodgrass says frost damage in South America and hot and dry conditions across Europe and Ukraine could add more volatility to the markets. “And, we’re still at the stage where across the Northern Hemisphere where crops are mostly in the vegetative stage. It’s not yet to the reproductive stage meaning […]
A Southwest Kansas farmer says there should be alternative resources available to help mitigate on-going drought and protect the water supply in the U.S. During a recent Senate Ag Subcommittee hearing, Tom Willis, of Garden City, told lawmakers without conservation techniques during irrigation season, his water supply could dry up. “That’s 10 feet of water that we used out of the aquifer that was not going to be replenished. I […]
