Illinois corn farmers have agreed to increase their checkoff rate by ¼ of a cent per bushel, bringing it up to 7/8 of a cent per bushel beginning October 1st. Eighty-eight percent of all farmers subject to the Illinois Corn Marketing Act voted in favor of the increase. Farmers still have the right to receive a full refund if they choose. Illinois Corn Marketing Board Chairman Mark Wilson says the […]
A biofuels market expert says President Biden’s recent ethanol waiver opening summertime E15 sales will boost ethanol demand but maybe not as much as some expect. Jarrett Whistance with the University of Missouri’s Food and Agricultural Policy Research Institute says ‘consumers are creatures of habit’ and challenges remain. “Finding ways to incentivize consumers to actually purchase the fuel, but then also, incentivizing retailers to actually sell the fuel,” Whistance said. […]
In this episode of Managing for Profit, Paul Nazzaro, a strategic partner with Clean Fuels Alliance America and president of the Nazzaro Group, discusses the benefits of Bioheat® Fuel blended with biodiesel and ultra-low sulfur heating oil. He also outlines the role the agriculture industry plays in providing renewable resources to help heat homes. For more information visit www.mybioheat.com. ...
South Dakota’s state veterinarian says their avian influenza situation has been improving. Dr. Mendel Miller with the South Dakota Animal Industry Board says, “We haven’t had a new positive for, I think we’re going on eight days now.” Miller tells Brownfield for a while, the state was getting new cases every day. “We were running two or three a day, and then I think it dropped down to maybe one a […]
The FBI has advised ag cooperatives they could see an uptick in attempted cyberattacks during planting and harvest seasons. George Grispos is an assistant professor of cyber security with the University of Nebraska at Omaha and says a successful attack could disrupt the food supply chain. “Right now, they’re trying to go for the biggest fish in the pond. How many people would be impacted like a stakeholder like this? […]
At the Chicago Mercantile Exchange, live and feeder cattle were supported by the week’s stronger direct cash business and the lower corn. June live cattle closed $1.27 higher at $139.90 and August live cattle closed $1.42 higher at $141.57. May feeder cattle closed $2.37 higher at $164.85 and August feeder cattle closed $2.97 higher at $176.45. It was a quiet Thursday for direct cash cattle trade activity following the active […]
May corn closed at $7.99 and 1/4, down 16 and 1/2 centsMay soybeans closed at $17.48 and 1/4, up 1 and 1/2 centsMay soybean meal closed at $468.90, down $2.50May soybean oil closed at $81.50, up 69 pointsMay wheat closed at $10.68, down 20 centsApr. live cattle closed at $144.10, up $1.02June lean hogs closed at $117.17, down $1.57May Class III milk closed at $24.57, up 40 centsJun. ...
Highly pathogenic avian influenza is expected to concentrate in the Upper Midwest. American Farm Bureau economist Veronica Nigh says the outbreak is following a similar pattern to 2015 with the largest impact on laying hens and turkeys. “Unfortunately those northern states, in particular Minnesota, North Dakota, Iowa stand out as being the most impacted.” She tells Brownfield because those states stay cold longer, the window for infection is bigger. ...
An analysis by the Renewable Fuels Association shows the energy balance ratio of corn ethanol has improved in recent years. Chief Economist Scott Richman tells Brownfield ethanol continues to provide more energy to consumers than it takes to produce and distribute it. “Corn ethanol now provides users about three times the energy that is needed to produce it on average, and actually, the top quarter of plants are so efficient […]
