A southwestern Missouri cattle producer says there could be a sharp decrease in cattle herd sizes if processors and retailers don’t share more of their profit margins. “The producer has given all he can give right now,” said Glen Cope. Cope says rising cattle production costs are sharply cutting into margins. “Our feed costs are just really hampering our profitability,” he said. “…we’re just going to try to put all […]
At the Chicago Mercantile Exchange, live and feeder cattle are lower, waiting for the rest of the week’s direct business to develop. June live cattle closed $1.50 lower at $131.50 and August live cattle closed $1.77 lower at $131.70. August feeder cattle closed $.97 lower at $165.80 and September feeder cattle closed $.77 lower at $168.45. There was some very light, scattered direct cash cattle trade on Wednesday. Dressed deals […]
Michigan farmers and ag groups are pressing the state legislature to address record fertilizer prices through the passage of resolutions. Eaton County corn and soybean grower Gary Parr, during a Michigan House Ag Committee hearing Wednesday, said management and acreage shifts have only gone so far to mitigate rising costs. “Our potash is 184 percent increased, our phosphorus has increased 151 percent, and our nitrogen has increased 182 percent versus […]
A southwest Minnesota farmer is nervous about the 2023 growing season. Bob Worth grows corn and soybeans in Lincoln County and says high input costs loom large. “Next year is a wild card. We do have our fuel bought for 2023, but we have nothing else bought so it’s scary.” He tells Brownfield he’s hearing anhydrous ammonia prices could approach $2,000 per ton next year. “So if that’s that high, […]
Jul. corn closed at $7.81 and 1/2, down 19 and 1/4 centsJul. soybeans closed at $16.62 and 3/4, down 15 and 1/4 centsJul. soybean meal closed at $414.00, up $2.20Jul. soybean oil closed at 80.55, down 294 pointsJul. wheat closed at $12.30 and 3/4, down 46 and 3/4 centsJun. live cattle closed at $131.50, down $1.50Jun. lean hogs closed at $106.10, up 95 centsJun. ...
Milk production in April declined slightly from last year as farmers kept production stable with a smaller herd. USDA says production in the U.S. for the month totaled more than 19 billion pounds, down one percent from last year, with production per cow unchanged from last year. The herd size was down 98,000 head on the year to 9.4 million and unchanged from March. South Dakota production continues to grow […]
A northern Wisconsin farmer says he was able to start planting corn Tuesday. Ben Augustine tells Brownfield that along with his alfalfa, he grows around 14-hundred acres of corn for grain and about 500 acres of soybeans near Sheldon in Rusk County. Augustine says he and many of his neighbors are all in the field now. “A lot of progress has been made. You know, a lot of people started […]
East-central Iowa farmer Dave Walton says input prices are adding up fast. He tells Brownfield fertilizer prices have hit the ag sector hard along with some availability concerns. “Talking to the neighbors and friends that’s kind of the same thing I’m hearing from them too is they maybe didn’t get their first choice of chemicals, but they got everything covered,” Walton said. Walton says fuel prices have been his most […]
Soybeans were lower on profit taking and technical selling, in addition to spillover from the broader market. Beans gave back some recent gains, continuing to watch the mixed U.S. planting progress. Unknown destinations bought 229,200 tons of U.S. soybeans, with 10,200 tons for 2021/22 delivery and 219,000 tons for 2022/23. The USDA’s weekly sales numbers are out Thursday morning. Brazilian firm AgResource says 98.1% of that nation’s soybean crop is […]
