Corn and soybean farmers are encouraged to start planning for mid and late season insect pressure now. Ruhiyyih Dyrdahl-Young with BASF says a lesson reinforced by the pandemic is plans are often necessary. “If we get (to) midseason, and we notice that pests have shown up, we’re kind of already behind the gun. So one of the things I think is really essential as I think about the season is […]
At the Chicago Mercantile Exchange, live and feeder cattle were lower on technical selling. August live cattle closed $1 lower at $136.20 and October live cattle closed $.67 lower at $141.97. August feeder cattle closed $1.55 lower at $174.47 and September feeder cattle closed $1.32 lower at $176.05. There was a light to moderate direct cash cattle trade that took place on Friday. Live deals were reported in parts of […]
Soybeans were lower on profit taking and technical selling, but still finishing the week sharply higher. Old crop U.S. ending stocks were down on the month, pulling new crop stocks lower. USDA did raise old crop production estimates for Argentina and Brazil slightly. Soybean imports by China were unchanged from May. Those adjustments left the overall report neutral to bullish, but beans weren’t able to shrug off that end of […]
Chicago Mercantile Exchange Class III milk futures were lower. June was down $.08 at $24.34 and July dropped $.33 to $24.62, while August fell $.32 to $24.65 and September was down $.26 at $24.58. Cash dairy business was mostly lower. Cheese barrels were $.06 and ¼ lower at $2.24 and ¼ and blocks were down $.02 at $2.25 and ½. Grade A nonfat dry milk was $.01 and ½ lower […]
Jul. corn closed at $7.73 and 1/4, up 1/4 centJul. soybeans closed at $17.45 and 1/2, down 23 and 1/2 centsJul. soybean meal closed at $429.10, up $1.60Jul. soybean oil closed at 80.81, down 182 pointsJul. wheat closed at $10.70 and 3/4, down 1/2 centJun. live cattle closed at $136.20, down 85 centsJun. lean hogs closed at $107.80, up 82 centsJun. ...
An ag economist says despite uncertainty in the farm economy, farmers remain relatively optimistic about farmland values. Jim Mintert, director of Purdue’s Center for Commercial Agriculture says this continues to be one area of focus in the Purdue University/CME Ag Economy Barometer. “This month, the long-term farmland value expectation index rose 8 points. It is lower than it was last fall (by) about 7 to 8 percent, but still when […]
Some farmers across the Corn Belt are deciding whether to replant after strong winds and hail recently damaged crops. South Central Nebraska farmer Jay Reiners tells Brownfield he’s unsure how much of his corn and soybean crop will survive. “We’ll cross that bridge when we get to it. It’s past replant date. It’s so muddy out now. First soybeans and then I’ll need to figure out what to do with […]
The USDA’s 2022 commercial beef and pork production estimates are up from May, while the federally inspected poultry outlooks are down. Beef production is seen at 27.907 billion pounds, up 65 million on higher slaughter rates cancelling out lower average weights, with an average steer price of $140.10 per hundredweight, unchanged, and increased exports against lower imports and consumption. Pork production is pegged at 27.219 billion pounds, 180 million higher […]
The USDA made upward revisions for old and new crop U.S. rice ending stocks, while leaving cotton unchanged. Old crop rice was up 1 million hundredweight from May at 38.5 million, with higher imports and domestic use cancelling out lower rough rice exports. That increase for old crop ending stocks translates to higher new crop beginning stocks, which was the only change for the new crop rice estimate, not at […]
