Brownfield

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Brownfield

USDA wants farmers, processors to apply for meat & food supply programs

A USDA official says two of their programs have received a lot of interest from processors and farmers looking to sell directly to customers. Wisconsin’s Rural Development Director Julie Lassa tells Brownfield the Food Supply Chain Guaranteed Loan Program and the Meat and Poultry Processing Expansion Program are part of President Biden’s efforts to create a more secure and diverse food supply chain. Lassa expects funding for the Meat and […]

todayMarch 15, 2022 28

Brownfield

Closing Grain and Livestock Futures: March 15, 2022

May soybeans closed at $16.58 and 3/4, down 11 and 3/4 centsMay soybean meal closed at $484.00, down $.30May soybean oil closed at $73.68, down 27 pointsMay wheat closed at $11.54 and 1/4, up 58 centsApr. live cattle closed at $140.85, up $.52Apr. lean hogs closed at $102.40, up 20 centsMar. Class III milk closed at $22.36, down 3 centsApr. crude oil closed at $94.95, down $6.57May cotton closed at […]

todayMarch 15, 2022 26

Brownfield

Wheat futures bounce back as Black Sea tensions continue

The soybean complex traded lower Tuesday with softness hitting soy oil especially. May beans closed 11 and 3/4 cents lower at $16.58 and July beans were 11 cents lower at $16.35 and 3/4. Sharp drops for crude oil guided the market downward. Soybean exports are a mixed bag as there was a near record amount of delivery last week but lower inspections totals than average this week for new crop […]

todayMarch 15, 2022 31

Brownfield

Cattle futures waiting for cash trade to develop

At the Chicago Mercantile Exchange, live cattle are mostly higher waiting for direct business to develop and feeder cattle are mixed adjusting spreads.  April live cattle closed $.52 higher at $140.85 and June live cattle closed $1.10 higher at $136.80.  April feeder cattle closed $.20 higher at $162.60 and May feeder cattle closed $.15 lower at $167.30.  It was another quiet day for direct cash cattle trade activity.  A few […]

todayMarch 15, 2022 41

Brownfield

New study identifies new trends in the global soy market

A recent study funded by soybean check off groups identified five trends that will impact the future of the global soy market. CEO and Chairmen of Missouri Soybeans Gary Wheeler says these areas will help farmers take advantage of opportunities that could develop over the next several decades. “There’s going to be a rising focus on the quality of soybean oil and meal that we have on a global basis, […]

todayMarch 15, 2022 40

Brownfield

Pork can be part of a healthy diet

Pork, a good source of nutrients, as well as high-quality protein, can be part of a healthy diet. Jeanette Merritt, with the Indiana Pork Producers Association, discusses incorporating pork in meals and diets for all.   Healthy Living: ...

todayMarch 15, 2022 25

Brownfield

Farmer discusses volatility concerns ahead of planting season

Southwestern Ohio farmer Jeff Sollars says market volatility is top of mind as the planting season approaches. “Like the majority of a lot of people I’ve talked to, we started selling things too soon,” he says. He says fertilizer costs and availability are also concerning. Sollars tells Brownfield to manage risk,”we price ahead or will book everything ahead of time. That seems to work well. When we’ve seen on the […]

todayMarch 15, 2022 37

Brownfield

A dry fall sets up a nice planting season for an Arkansas farmer

Northeast Arkansas farmer Brad Doyle says planting will look a little bit different on his farm this year, and he’s okay with that.  “We were fortunate enough to have a dry harvest,” he says.  “So we’re going to be able to no-till a lot of our soybeans which we haven’t been able to do in the past.  That dry harvest means no rutting.  In my part of the world, where […]

todayMarch 15, 2022 26