At the Chicago Mercantile Exchange, live cattle and feeder cattle were mostly lower watching corn and the end of the week clean-up direct cash cattle trade. June live cattle closed $1.27 lower at $135.85 and August live cattle closed $1.17 lower at $136.90. May feeder cattle closed $.42 lower at $166.12 and August feeder cattle closed $1.22 lower at $176.35. It was a quiet Friday for direct cash cattle trade […]
The CEO of Minnesota Pork expects some pork producers to take a “wait and see” approach now that the Supreme Court plans to hear the case on Proposition 12. David Preisler tells Brownfield it’s not a “slam dunk” the Court will side with the National Pork Producers Council and American Farm Bureau. “So I don’t know that pork producers would necessarily change anything that they already have, (but) there may […]
Through the weekend, several minor disturbances will result in widespread but generally light precipitation in several regions, including the Plains and Midwest. By early next week, however, a complex storm system will become better organized across the western and central U.S. Heavy precipitation may fall in the Pacific Northwest, while a low-pressure system will intensify across the nation’s mid-section. By Tuesday, dry weather will return across the Northwest, while windy, […]
May corn closed at $7.35, down 13 and 3/4 centsMay soybeans closed at $15.82 and 3/4, down 35 and 1/2 centsMay soybean meal closed at $450.00, down $17.50May soybean oil closed at $71.20, up 126 pointsMay wheat closed at $9.84 and 1/2, down 21 and 1/4 centsApr. live cattle closed at $138.65, down 72 centsMay lean hogs closed at $113.17, down 40 centsApr. ...
The soy checkoff has released a report highlighting environmental achievements made by U.S. soybean growers.Mace Thornton, vice president for communications and marketing with the United Soybean Board, discusses the U.S. Soy Sustainability Overview report. “We know that over the years U.S. soy farmers have really made tremendous progress in sustainability. Between the years 1980 and 2020, conservation efforts have skyrocketed. The efficiency of land use has increased about 48 percent […]
Drought or not, the cost of feed is troubling beef producers. Michigan Cattlemen’s Association President Dave Girton tells Brownfield feeding cattle with $7 corn is putting on a squeeze. “In just the matter of a year to year and a half’s time, we’ve doubled—so in my end of it as a farmer/feeder balancing that cost of feed with what I paid for the feeder cattle and making those margins work […]
This year, the National Biodiesel Board unveiled a new name and brand – Clean Fuels Alliance America— to better reflect the role biodiesel, renewable diesel, and sustainable aviation fuel play in carbon reduction efforts. In this Managing for Profit, Clean Fuels CEO Donnell Rehagen discusses the reasons for the change. ...
The National Pork Producers Council is hopeful the Supreme Court case on Proposition 12 could be over by the end of the year. NPPC president Terry Wolters, a pork producer from Pipestone in southwest Minnesota, tells Brownfield the High Court will likely take oral briefings beginning early next month. “And then ultimately we hope that by late October or somewhere around November timeframe, that we have a chance to actually […]
Across the Corn Belt, cool, mostly cloudy weather prevails in the wake of a departing storm system. In addition, rain and snow showers linger across the eastern Corn Belt. On March 27, prior to the most recent precipitation event, topsoil moisture ranged from one-quarter to one-half surplus in Michigan (50% surplus), Ohio (48%), Indiana (44%), and Illinois (31%). On the Plains, temperatures are quickly rebounding across Texas, where Friday’s high […]
