Brownfield

The USDA has authorized nearly $6 billion in disaster relief payments for producers who suffered crop losses in 2020 and 2021. Ag Secretary Tom Vilsack shared details during a call with reporters on Monday.  “This was part of the $10-billion package Congress passed providing additional emergency relief,” he says.  “We anticipate and expect roughly 220,000 producers who had crop insurance losses and roughly 4,000 producers who had NAP coverage may […]

Corn and soybean planting continues to trickle along in South Dakota. The USDA says 31 percent of the state’s corn is planted, well behind 83 percent last year and 54 percent for the five-year average. Only 15 percent of soybeans have been planted, running behind last year’s 61 percent and behind the 28 percent average. Seventy-eight percent of the spring wheat crop is planted with 43 percent emerged. Only 23 […]

Despite a delayed start, a southwest Indiana farmer has nearly finished planting in the last week. Mark Seib tells Brownfield “we’re getting close to soybeans and corn being done. We have about 280 acres of corn to go and 180 acres of soybeans to go. We’re in fairy good shape for what we’ve gotten done. It’s just amazing how much we got done in a week’s time. We only had […]

The USDA says hot and dry weather delivered nearly ideal planting conditions for Hoosier farmers last week. Forty percent of Indiana’s corn crop is planted, compared to 60 percent last year. Nine percent of the crop has emerged. Twenty-eight percent of soybeans are planted, compared to the one-year average of 48 percent. Four percent of the crop has emerged. Winter wheat is rated 65 percent good to excellent. ...

U.S. dairy groups say Canada is continuing to reject obligations set within the U.S. Mexico Canada agreement and retaliation is needed. Becky Rasdall with the International Dairy Foods Association tells Brownfield Canada is moving ahead with their proposed changes to their dairy tariff-rate quotas (TRQs) despite continued objections from the U.S. “It’s slightly different than what they proposed in March, but still has the same qualities that we disagree with,” […]

Jul. corn closed at $8.09 and 1/2, up 28 and 1/4 centsJul. soybeans closed at $16.56 and 1/2, up 10 centsJul. soybean meal closed at $413.60, up $4.30Jul. soybean oil closed at 82.99, down 80 pointsJul. wheat closed at $12.47 and 1/2, up 70 centsJun. live cattle closed at $133.17, up $1.10Jun. lean hogs closed at $103.82, up $3.07Jun. Class III milk closed at $24.48, up 58 centsJun. ...

U.S. corn and soybean planting gained some ground last week. However, the planting paces for both major crops remain slower than average following cool, wet weather in some key growing areas late last month and early this month. The USDA says 49% of the U.S. corn crop is planted, compared to the five-year average of 67%, with 14% of the crop emerged, compared to 32% on average. 30% of soybeans […]

Soybeans were higher on commercial and technical buying. Crush and export demand remain strong, with the domestic supply projected to be near multi-year lows. Planting was expected to remain slower than average in the weekly USDA update. The USDA says 30% of U.S. soybeans are planted, compared to the five-year average of 39%, with 9% emerged, compared to 12% on average. Soybean meal was higher and bean oil was lower […]

In its latest Supply and Demand report, the USDA projects a nearly 2-billion-pound decline in beef production next year, and University of Missouri’s Scott Brown says that’s good news for prices. “The USDA says fed cattle or slaughter cattle prices are around $1.53 for 2023,” he says.  “That’s 9% higher than the $1.40 they have projected for 2022.” And even with higher prices, Brown says he doesn’t anticipate a huge […]