Soybeans were mostly lower. While the contracts that did lose ground were well above session lows, that overall move came despite the continued tight supply and solid demand. Cash basis levels are strong and more near-term planting delays are probable in some areas, but most of the region is expected to make solid progress. The USDA’s next set of supply, demand, and production numbers is out June 10th. Soybean meal […]
Milk futures were up and cash dairy prices were mixed on the Chicago Mercantile Exchange Wednesday. May Class III milk was up $.03 at $25.11. June closed up $0.05 at $24.20. July closed up $.12 at $24.45. August was up $0.25 at $24.20. September through March contracts ranged from ten to twenty-four cents higher. Dry whey was up $.0050 at $0.50. Three sales were recorded at that price. Cheese Blocks […]
The USDA says poultry production during April was 4.038 billion pounds. That’s down 4% on the year following declines in both processing and live weights. Most of the monthly total was chicken at 3.381 billion pounds, 3% lower, with turkey accounting for 253.843 million pounds, a drop of 11%. The chicken slaughter was 746.295 million head and the turkey slaughter was 16.545 million head, decreases of 3% and 4%, respectively. […]
The head of the USDA’s World Agricultural Outlook Board says there’s uncertainty in evaluating Ukraine’s new crop production. Mark Jekanowski says Ukraine is a major global exporter of wheat, corn, and sunflower oil. “We have to put together some assessments of what we think that new crop year is going to look like, how much of that crop is going to be planted, how it’s going to be harvested, and […]
A north-central South Dakota cattle rancher says his pastures are benefiting from recent rains. Troy Hadrick says they received over six inches of moisture from April 23rd through the middle of May. “The pastures are coming along just incredibly well,” he said. “They look better now than they ever did last year, so that’s certainly a good thing.” He tells Brownfield because pasture conditions have improved, they are able to […]
U.S. ethanol production climbed higher last week. The U.S. Energy Information Administration says production averaged 1.014 million barrels a day, up 23,000 barrels on the week as plants return from seasonal maintenance, but down 18,000 on the year. That’s the first time above a million barrels a day since the week ending April 1st, 2022. Iowa State University’s Center for Agricultural and Rural Development says producer margins gained some ground, […]
The director of the Michigan Department of Agriculture and Rural Development says the latest grants to be awarded through the state’s Food and Agriculture Investment Program will continue to grow opportunities for farmers. “If they can have a market that’s close by, it’s more money in their bottom line and it also helps our communities by just having a business that’s more established with more jobs in the community.” Gary […]
A South-Central Nebraska farmer says he’s stretching inputs during the growing season to help avoid stick shock from record prices. Andy Jobman of Gothenburg tells Brownfield split applying fertilizer can maximize nitrogen use efficiency. “That really spoon feeds that crop from start to finish and helps it be as efficient as possible. I think operating in that kind of a mindset is really going to help guys this year versus […]
A northeast South Dakota farmer is navigating planting delays. Stuart Samson tells Brownfield the weather hasn’t cooperated in his area. “We just haven’t been able to string four or five good drying days together,” he said. “We will get one or two here and there. When guys get moving again, it seems like we get a sprinkle or another shot of rain again.” Despite the delays, he says they are […]
