Global Dairy Trade index up Tuesday
The Global Dairy Trade index rose 1.5% in the Tuesday trade event. Gains in butter, buttermilk powder, anhydrous milk fat, and skim milk powder offset price losses in cheddar cheese and whole milk powder. ...
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Brownfield
Destruction of Ukrainian port throws hitch in export corridor talks
Continued conflict and destruction in Ukraine are muddying the waters for the Black Sea region to resume ag exports. University of Missouri ag economist Ben Brown says recent actions by Russia, including destroying Ukraine’s third largest port, don’t bode well for talks among world leaders to open a trade corridor from the region. “We hear these stories of ‘hey, we’re (Russia) going to destroy a major port that potentially could […]
Feenstra concerned Roundup ruling could be tip of iceberg
A Republican Congressman fears a court of appeals decision over a popular herbicide could have far-reaching consequences. Randy Feenstra of Iowa tells Brownfield if the Supreme Court decides not to hear Bayer’s bid to dismiss claims Roundup causes cancer, it could be the tip of the iceberg for crop protection tools. “Even with the producers of the product, you have one that is not available, or you create a lot […]
National Pork Board building its Real Pork brand
The National Pork Board continues to build its Real Pork brand. CEO Bill Even tells Brownfield NPB conducted a lot of proprietary consumer research in 2021 to help them identify potential barriers. “And then we started to build around answering those questions. The old adage of listen, learn, and lead, that’s exactly what we did here.” The Pork Board responded with a myth busting video series hosted by Modern Family […]
Analyst looks for weather volatility in June
A market analyst anticipates some weather volatility this month. Craig Turner with StoneX tells Brownfield planting delays won’t be a factor much longer. “There is some weather premium in the market, but prices are so elevated to begin with, and the weather issues have been known for awhile, it still remains to be seen how much of that is priced in.” But he’s not discounting some significant moves up or […]
Closing Grain and Livestock Futures: June 7, 2022
Jul. corn closed at $7.57, up 14 and 1/2 centsJul. soybeans closed at $17.28 and 1/4, up 29 centsJul. soybean meal closed at $417.40, up $10.30Jul. soybean oil closed at 81.44, up 25 pointsJul. wheat closed at $10.71 and 3/4, down 21 and 1/4 centsJun. live cattle closed at $133.72, up 90 centsJun. lean hogs closed at $108.42, down 80 centsJun. ...
Helping improve the country’s water supply in the next farm bill
The Western U.S. is facing a water crisis and many in the ag industry agree water resiliency needs to be a priority in the next farm bill. “This drought is real.” Western Kansas farmer Tom Willis told members of Senate Ag Subcommittee at a hearing Tuesday his area is in exceptional drought. “This morning at 3 o’clock in the morning, I got a call from my wife. Usually when that happens, […]
Soybeans, corn up commercial support
Soybeans were higher on commercial and technical buying, with contracts rallying around midday on the strength in meal. Beans are watching the tail end of U.S. planting, which remains slower than average in some key growing areas, especially the northern Midwest and Plains. The fundamentals are bullish, crush margins are strong, and soybean meal was up solidly, supported by commercial demand. Soybean oil was mixed, nearby months up, deferred contracts […]
Skyrocketing diesel prices aren’t slowing down
An eastern Iowa farmer says he’s feeling the effects of record-high diesel prices. “I’m looking at diesel prices and it’s really scaring me,” said Iowa Corn Growers Association President Lance Lillibridge. He tells Brownfield he’s concerned about the impact of diesel on his bottom line. “We’ve got some of the most efficient equipment that’s ever been out there, but we’re still going to burn a thousand-to-two thousand dollars a day […]
