At the Chicago Mercantile Exchange, live and feeder cattle closed sharply lower following Friday’s On Feed numbers and ahead of this week’s direct business. June live cattle closed $3 lower at $135.42 and August live cattle closed $3.05 lower at $137.32. May feeder cattle closed $2.57 lower at $161.30 and August feeder cattle closed $2.40 lower at $174.50. There was a light to moderate direct cash cattle trade reported on […]
Cold and rainy conditions coupled with high winds kept many Iowa farmers from the fields last week. USDA reporters say only 2.3 days were suitable for fieldwork in the week ending Sunday. Most of the fieldwork getting done last week was fertilizer application, but there were a few reports of corn and soybeans getting planted. Forty-seven percent of the state’s oats are planted. Pastures are starting to green up, which […]
The drought in Kansas expanded and intensified last week and that’s hurting winter wheat condition. The latest crop progress and condition report from USDA says the crop is rated 26 percent good-to-excellent. Forty-nine percent of the crop has joined, 16 percent behind last year. Twenty-one percent of corn is planted with one percent of the crop emerged. Soybeans planted was 3 percent and sorghum and cotton planted were 1 percent. […]
The dairy industry is calling on the Biden administration for further supply chain relief. In a letter to Ag Secretary Vilsack and Transportation Secretary Buttigieg, the National Milk Producers Federation and U.S. Dairy Export Council say the USDA needs to restart its Ocean Shipping Container Availability Report to increase transparency along with incentivizing carriers to load export cargo. They also want real-time tracking of containers, fast lanes for ag exports, […]
Soybeans were lower on fund and technical selling, with most contracts closing near the middle of the day’s range. Soybeans followed soybean meal, crude oil, and global vegetable oils. China did buy U.S. soybeans, but there are concerns about sustained demand due to possible COVID lockdowns. Beijing picked up 330,000 tons, 66,000 for 2021/22 and 264,000 for 2022/23, with another the purchase of another 204,000 tons for 2022/23 announced during […]
An Eastern Nebraska farmer says Mother Nature has provided minimal relief from persistent drought. Mike Bergen farms near Henderson and says last week he received three rains totally just over a half-an-inch. “We’re dry on top. There is a little bit of moisture to get it germed. Some of the corn I planted last Monday or Tuesday has sprouted and there’s still moisture there.” The latest crop progress and condition […]
One percent of the corn crop in Indiana is planted as farmers continue to battle cool, wet conditions. The USDA says growers were able to focus on spring tillage and anhydrous ammonia applications even though planting is still delayed. Sixty-four percent of the winter wheat crop is in good to excellent condition. Topsoil moisture is 98 percent and subsoil moisture is 96 percent adequate to surplus. ...
Wet conditions continued to limit fieldwork in Ohio, according to the latest USDA crop progress and condition report. Oats are 30 percent planted, compared to the 60 percent last year. Eleven percent of the crop has emerged. Sixty-six percent of the winter wheat crop is rated good to excellent. Topsoil moisture is 98 percent and subsoil moisture is 99 percent adequate to surplus. ...
Cool, wet weather in some key U.S. growing areas continues to impact corn and soybean planting. The USDA says 7% of U.S. corn is planted as of Sunday, compared to the five-year average of 15%, and 2% has emerged, compared to 3% on average. 3% of soybeans are planted, compared to 5% normally in late April. 27% of U.S. winter wheat is in good to excellent condition, 3% lower than […]
