Jul. corn closed at $7.88 and 1/2, up 13 and 1/4 centsJul. soybeans closed at $16.06 and 3/4, up 14 and 1/2 centsJul. soybean meal closed at $397.90, down $3.60Jul. soybean oil closed at 83.45, up 251 pointsJul. wheat closed at $11.113, up 20 and 1/4 centsJun. live cattle closed at $133.57, up $1.17Jun. lean hogs closed at $100.85, down 72 centsMay Class III milk closed at $24.89, up 23 […]
U.S. farm organizations are concerned a Securities and Exchange Commission’s proposed emissions regulation could impact farmers. American Farm Bureau Attorney Travis Cushman tells Brownfield. “It risks being very, very burdensome to farmers and ranchers and it risks making their data come up in ways that should not come up, and also, there are liability concerns for farmers and ranchers. Again, farmers and ranchers are not public companies and we should […]
Adjustments to crop insurance could boost U.S. crop production and alleviate some market pressure. University of Missouri ag economist Ben Brown said the Biden administration’s interest in increasing crop production and acreage could offset conflicting factors like rising loan rates. “The conversation now has switched to ‘how do we use crop insurance to increase production’,” Brown said. “And I think some of [the administration’s] proposals actually have potential to bring […]
Pork export volumes for the first quarter of 2022 have been on a steady decline from year-ago levels, and a livestock economist says it’s largely due to China. University of Missouri’s Scott Brown. “In January we were 96-million pounds below a year ago,” he says. “In February we were down 202-million pounds and this month we’re down 386-million pounds. It’s not going in the right direction.” Brown says if last […]
Soybeans were higher on commercial and technical buying. Export and crush demand continue to be the primary supportive factors. Soybean oil was up on the tight global supply of and solid demand for vegetable oils, along with the strength in crude oil, while bean meal extended its lower trend on a comparative lack of demand. Malaysian palm oil was up sharply ahead of the U.S. session, but gains were somewhat […]
The Michigan Department of Agriculture and Rural Development is reporting the first case of highly pathogenic avian influenza in a commercial poultry flock. The department tells Brownfield a 35,000-bird turkey flock in Muskegon County was confirmed with the virus and has been depopulated. Allison Brink with Michigan Allied Poultry Industries tells Brownfield the farm is working with authorities to address the situation and to ensure there is no disruption in […]
Michigan’s first Office of Rural Development is outlining initial priority areas. During a roundtable Wednesday morning, Deputy Director Sarah Lucas told reporters the office plans to focus on workforce, housing, and broadband needs in Michigan’s rural communities to start. “A lot of communities have lost a lot of their young people in the last several decades which has really impacted the pipeline for our workforce and has left a lot […]
A dairy economist says the Upper Midwest remains the most ideal location for milk production growth. Nate Donnay with StoneX tells Brownfield water availability for cows and feed production is a major factor for where dairy expansions are even possible. “It’s going to be tough, or tougher than usual, to expand the herd and expand production in the western part of the U.S.,” he says. Donnay says regional divides are […]
A southern Iowa beef producer says rising prices have been one of the biggest challenges facing the industry. Justin Ewalt of Tabor tells Brownfield, “People have to be prepared for that not only in the goods we buy, but also in the food industry and food sector,” he said. Ewalt says one way for consumers to avoid high prices at the grocery store is to buy in bulk from a […]
