At the Chicago Mercantile Exchange live cattle futures were up and feeders closed higher, supported by the week’s direct cash cattle business. Weekly beef export sales were up on the week and larger than average. June live was up $1.20 at $167.30 and August was $.65 higher at $164.77. August feeders were $.17 higher at $234.70 and September was up $.45 at $238.07. A few scattered bids were left on […]
Soybeans were lower on fund and technical selling. Planting and development weather looks favorable in most of the Midwest, with generally warm, dry conditions in the near-term forecast. The critical test for beans will be weather during the pod filling stage this summer. Old crop export sales were below average and new crop sales were very light. Germany and Japan led the way on old crop, with a cancellation by […]
Jul. corn closed at $5.90 and 3/4, up 3 and 1/2 centsJul. soybeans closed at $13.24, down 1/2 centJul. soybean meal closed at $397.20, down $5.00Jul. soybean oil closed at 48.52, up 52 pointsJul. wheat closed at $6.04 and 1/4, down 2 centsJun. live cattle closed at $167.30, up $1.20Aug. feeder cattle closed at $234.70, up 17 centsJun. lean hogs closed at $77.65, down $2.15Jun. ...
The director of the Missouri Department of Natural Resources says dry conditions are becoming more noticeable. “Throughout Missouri, there are localized areas where drought is persisting.” Dru Buntin tells Brownfield if more rain doesn’t come, it is possible the state drought assessment committee could reconvene. This working group designates the drought levels for each county in Missouri.“If we don’t see more rain, I think you can expect a recommendation and […]
The USDA is accepting public comment on prevented planting crop insurance guidelines through this summer. The Risk Management Agency is planning listening sessions from June through August, including in-person listening sessions in 11 states, including Arkansas, Indiana, and Michigan. USDA is specifically looking for feedback on the Harvest Price Option, “1 in 4” Rule which requires that a prevented planting coverage acreage must have been planted to a crop, insured, […]
Poultry production in April 2023 was slightly lower than in April 2022. The USDA says monthly production was 4.025 billion pounds, modestly lower than last year, with chicken at 3.588 billion pounds, 1% lower, against turkey at 426.08 million pounds, 1% higher. The chicken and turkey slaughter paces were both down on the year at 733.054 million and 16.367 million head, respectively, while average live weights were up. Year-to-date poultry […]
Commercial red meat production fell sharply in April. The USDA says the total of 4.2 billion pounds was down 8% on the year, including an 11% drop in beef production to 2.069 billion and a 4% decline in pork to 2.119 billion pounds. Those decreases were due to tighter ready numbers limiting slaughter levels and lighter average weights. The cattle slaughter was 2.544 million head, 10% less than a year […]
Farmers adopting cover crops through the Farmers for Soil Health Program will now receive in-depth technical assistance thanks to $13.6 million in grants offered by the National Fish and Wildlife Foundation. The grants are part of the USDA’s Partnerships for Climate Smart Commodities program and will allow cover crop adopters in 19 states the opportunity for personal guidance from regional crop advisors on selecting and managing cover crops that provide […]
Milk futures were lower in the near term, and cash dairy prices were lower except for milk powder Thursday on the Chicago Mercantile Exchange. June Class III milk was down $0.26 at $16.11. July was down $0.18 at $16.64. August was down $0.15 at $17.48. September was down $0.04 at $18.44. October through April contracts ranged from five cents lower in November to seven cents higher in February and March. […]
