The US Meat Export Federation says the adjustment of Japan’s safeguard on US beef is good news for the US beef industry. President and CEO Dan Halstrom. “The fact that we can get some sort of a resolution that gets us on a level playing field is absolutely fantastic news,” he says. “If we’re on a level playing field we’ll be able to win with our high-quality product.” The US-Japan […]
While export sales were down significantly for many commodities this past week, beef sales hit a marketing-year high and were up 40% on the week. Increases were primarily for South Korea, China, Japan, and Taiwan. Rice export sales were also noticeably on the week. On the flip side, soybean export sales dropped 67% on the week, corn sales were down 47%, and wheat sales were down 7%. Cotton sales declined […]
Dairy farmers from northcentral Wisconsin discussed a possible plan for future milk pricing. Local chapter members of Wisconsin Farmers Union and Wisconsin Farm Bureau are talking about what’s called the Dairy Revitalization Plan, a growth management concept revised by University of Wisconsin dairy economists Mark Stephenson and Chuck Nicholson. This concept would require farms that expand past predetermined limits to pay a market access fee that would be paid to […]
The United States and Japan have reached an agreement to increase the beef safeguard trigger level to prevent a higher tariff from being imposed on US beef. During a call with reporters, Assistant US Trade Representative for Agriculture Affairs and Commodity Policy Julie Callahan says it is a win for both countries. “It will allow American farmers and ranchers to meet Japan’s growing demand for high quality US beef and […]
By stealing water and nutrients from the crop, weeds are on the biggest yield robbers farmers face each growing season. In this Managing for Profit, Lynn Justesen, UPL Tech Service Lead says UPL offers a new herbicide solution for soybean growers targeting some of the toughest to control weeds. ...
Ag groups are calling on the Biden administration to provide flexibility for prime farmland in the Conservation Reserve Program as the Russian/Ukraine conflict has the potential to impact global food security. Ag economist Scott Irwin at the University of Illinois tells Brownfield Ukraine produces about 60 million acres of crops which are at risk this growing season. “The war in Ukraine has put at risk an Iowa and Illinois sized […]
May corn closed at $7.57 and 3/4, up 4 and 3/4 centsMay soybeans closed at $17.18 and 3/4, up 22 and 1/4 centsMay soybean meal closed at $485.10, up $8.30May soybean oil closed at $75.97, up 143 pointsMay wheat closed at $11.05 and 3/4, down 12 and 1/2 centsApr. live cattle closed at $139.42, even on the dayApr. lean hogs closed at $102.55, up $2.30Apr. ...
The CEO of the National Pork Producers Council says being more strategic with producer dollars is a top priority for the organization. Bryan Humphreys tells Brownfield “it’s about organization effectiveness and organization efficiency so we’re in a better situation and better position to be able to tackle things like ASF preparation and prevention, supply chain disruptions, labor challenges, and other ongoing challenges that continue to affect our producers in the […]
The entire soybean complex is trading higher to sharply higher at midday. The market is hopeful export sales will continue after USDA announced a sale of 240,000 metric tons of old crop soybeans on Tuesday. The sale is for delivery this marketing year to unknown destinations. Russian – Ukrainian tensions are giving an added boost to the soybean oil market with the likely lack of sunflower oil coming out or […]
