Agriculture

Milk futures and cash dairy prices were mixed on the Chicago Mercantile Exchange Thursday. May Class III milk was up $0.08 at $25.19.  June closed up $0.05 at $24.25.  July closed down $0.08 at $24.45.  August was down $0.02 at $24.18.  September through March contracts ranged from zero to thirteen cents higher. Dry whey was up $0.01 at $0.51.  One sale was recorded at that price. Cheese Blocks closed down […]

Some wheat growing areas of the Upper Midwest are saturated, prompting concerns about disease pressure. Dan Melaas covers central and western North Dakota for BASF and tells Brownfield April and May have been plagued by heavy snow and frequent rains. “With the conditions we’re having a lot of the wheat is going in the ground right now, we’ve got more moisture which will lead to a better chance of having […]

Chicago Mercantile Exchange live cattle futures were mixed and feeders closed lower, watching corn and the direct cash cattle markets. Beef export sales were down on the week, but a little bit larger than the four-week average. June live was up $.10 at $132.40 and August was $.07 higher at $132.60. August feeders were down $1.27 at $166.67 and September was $1.32 lower at $169.72. Cash cattle trade remains quiet […]

U.S. dairy groups are supporting Wednesday’s action by the U.S. Trade Representative to challenge Canada’s dairy trade practices.  Jeff Lyon with FarmFirst Dairy Cooperative is pleased the USTR is again going after Canada to have them fulfill their obligations under the USMCA agreement. “Canada has just shown already, going back to last year that they truly didn’t want to follow their obligations and put another proposal in that doesn’t make […]