Jul. corn closed at $5.94, down 10 centsJul. soybeans closed at $12.96 and 1/2, down 40 and 3/4 centsJul. soybean meal closed at $392.60, down $9.60Jul. soybean oil closed at 46.20, down 262 pointsJul. wheat closed at $5.91, down 25 centsJun. live cattle closed at $168.87, up $1.52Aug. feeder cattle closed at $237.77, up $3.85Jun. lean hogs closed at $80.82, up $4.75Jun. ...
Milk futures and cash dairy prices were lower Tuesday on the Chicago Mercantile Exchange. June Class III milk was down $0.32 at $15.56. July was down $0.26 at $16.32. August was down $0.22 at $17.19. September was down $0.24 at $18.13. October through April contracts ranged from unchanged in March to twenty-six cents lower in December. Dry whey remained unchanged at $0.2750. No sales were recorded. Cheese blocks were down […]
Despite rainfall in Western Kansas, winter wheat conditions continue to decline. USDA says the crop is rated 60 percent poor-to-very poor with 94 percent of the crop headed. Almost the entire corn crop is in with 85 percent emerged, and 71 percent of soybeans have been planted with 46 percent emerged. Fifty-one percent of pasture and range conditions are rated poor-to-very poor. Top soil moisture is rated 50 percent adequate-to-surplus […]
Meteorologist Greg Soulje says the dry spell isn’t over yet for most of the corn belt, but he’s seeing some relief later in June. “I think with pretty good confidence here, we’re going to begin to see a pattern shift into the Eastern Corn belt locales where at least the rains do return, they’re spotty and they’ll be scattered. You may not necessarily like it or get missed, but at […]
A food processor says its unfortunate retailers use some American-grown crops as a placeholder for imports. CEO of Michigan Freeze Pack Tom Brian tells Brownfield additional imports are especially noticeable this year with the cost of shipping down nearly 80 percent. When there’s a logistics issue, he gets calls for product. “We have a very efficient transportation system in the United States—if there’s a hiccup with the offshore product coming […]
A Central-Nebraska farmer says knowing his cost of production has helped manage volatility in the grain markets. Clay Govier tells Brownfield last week’s rally helps provide some relief. “Because things were kind of looking a little bit tougher given input prices and everything. I mean, historically you kind of look at $5 corn, you’re like, no, that’s not too bad, but not when fertilizer and all your input costs are […]
The Ohio Soybean Council continues to take students from around the state on virtual field trips to learn about modern farming, Ohio agriculture, biotechnology, and more. In this Voice of Soy, Tom Fontana, director of research and education for shares the benefits of these trips to the students of today, and the potential ag workforce of tomorrow. ...
This week Illinois Soybean Association Trade and Exports Manager Eileen Urish dives deeper into checkoff investments in market development initiatives including Soy Excellence Centers and the Interactive Trade and Exports Map. She also highlights recent export growth for Illinois soybeans in Egypt as a result of these efforts. ...
While drought conditions have improved across the country, a livestock economist says much of cattle country remains desperate for rain. University of Missouri’s Scott Brown says, “There’s still a number of places where cattle are abundant that we don’t have enough rainfall relative to what’s needed for pasture growth.” He says the weather will play a role in the future U.S. cattle herd. “If we get timely rains, I think […]
