At the Chicago Mercantile Exchange, live cattle were mostly higher and feeders were higher watching corn and the direct markets develop. June live cattle closed $.05 lower at $132.72 and August live cattle closed $.22 lower at $132.75. August There was a light to moderate direct cash cattle trade that took place on Tuesday. Live deals in the South were at $137, about $1 lower than last week’s weighted averages. […]
Jul. corn closed at $7.71 and 3/4, down 14 and 1/2 centsJul. soybeans closed at $16.93, up 6 centsJul. soybean meal closed at $427.10, up $4.60Jul. soybean oil closed at 80.12, down 35 pointsJul. wheat closed at $11.54 and 3/4, down 35 and 1/4 centsJun. live cattle closed at $132.72, down 5 centsJun. lean hogs closed at $109.02, down $1.35Jun. Class III milk closed at $24.15, down 32 centsJul. ...
Soybeans were mixed, mostly firm, consolidating. Beans are watching U.S. planting, with more rain in the forecast for some areas, further pushing back activity. Crush margins have narrowed due to tight near-term supplies but remain in positive territory. Soybean meal was higher and bean oil was lower on adjustment product spreads. That weakness in bean oil is despite the continued tight global supply of vegetable oils because of a lack […]
The head of the National Potato Council tells Brownfield growers have two major hurdles to overcome this year. Kam Quarles says one is drought and the other is high input costs. “Are you going to have enough water? And also, where are input prices going to be? And the supply chain difficulties have impacted a lot of producers including the potato industry.” He lists fertilizer prices and access to crop […]
Long-term drought pressure, rising input prices, and other issues have resulted in increased reports of herd liquidations. But, some have questioned if those numbers line up with recent reports from the USDA. University of Missouri livestock economist Scott Brown explains. “We aren’t holding heifers back, because the percentage of heifers in feedyards is large,” he says. “Beef cow slaughter has continued to run very large. And drought conditions in many […]
Pallets of infant formula have begun arriving in the United States to help with the national shortage. The Biden administration has taken steps to address the infant formula shortage since Abbott Nutrition, the largest manufacturer of baby formula in the U.S., recalled some of its infant formula products and closed it’s Michigan plant after reports of a serious bacterial infection. Healthy Living: ...
An optimistic outlook for 2022 despite some unexpected hurdles. East Tennessee farmer Don Holbert says he’s excited about this year’s crop. “I came off last year, the best year I ever had,” he says. “It was a tremendous year and that let me reinvest in several things to hopefully continue on with that high yield pat that I’m working towards and better soil fertility and a better farm.” He tells […]
Central Iowa farmer Morey Hill says purchasing inputs last year was the right call for his farm. “Fortunately, I had most of my stuff prepaid from last fall. I thought it was darned high then and now it’s even higher.” He tells Brownfield he has enough diesel fuel to finish his spring fieldwork, but, “Then I’m going to have to bite the bullet and get some for summer and looking […]
South Dakota farmers now have a few more hours each day to move large equipment. Governor Kristi Noem signed an executive order Monday allowing farmers to move over-width farming equipment from two hours before sunrise to two hours after sunset. The governor says this should help bring relief to producers who have had to delay planting due to weather and soil conditions. The executive order ends at midnight on June […]
