May corn closed at $7.50 and 3/4, down 3 and 1/2 centsMay soybeans closed at $16.59 and 1/2, down 1 centMay soybean meal closed at $458.70, down $1.70May soybean oil closed at 74.22, up 142 pointsMay wheat closed at $12.94, up 85 centsApr. live cattle closed at $137.90, up $2.12Apr. lean hogs closed at $100.27, down 17 centsMar. Class III milk closed at $22.61, up 6 centsApr. ...
A farm real estate specialist expects farmland values to be steady to firmer the next six months. Randy Dickhut with Farmers National Company tells Brownfield one indicator is the amount of land on the market. “Right now we’re pretty much the normal winter land auction and sales season volume, so there’s good activity. A nice amount of land that’s coming up for sale, but it’s not overboard or anything. So […]
The drought in the Western Corn Belt is intensifying, and an agronomist says farmers may have to think outside the box to plant crops this year. Thomas Miller with Collins Ag Service and Pfeiffer Seeds covers South-Central Nebraska. “You might have to break up the ground before you plant or you might have to run your pivot just to get some moisture because you can’t put farm implement in soil […]
Milk futures and cash dairy prices were all up on the Chicago Mercantile Exchange Monday. March Class III milk was up $.06 at $22.61. April closed up $.29 at $23.97. May closed up $.48 at $24.10. June was up $.47 at $23.91. July through February contracts ranged from eleven to thirty-four cents higher with the biggest gains between July and September. Dry whey was unchanged at $0.7575. No sales were […]
The next farm bill could lay the foundation for industrial hemp acreage to really take off. Minnesota Industrial Hemp Association president Dave Ladd says USDA’s first industrial hemp survey released in February indicates there’s a lot of room for growth. “But there’s some things that I’m going to be watching in the farm bill discussions (like) research and development authorized funding. Also the USDA Rural Development Programs (and) what could […]
Avian influenza had been detected in a wild goose in Nebraska for the first time since 2015. The Nebraska Department of Agriculture and USDA’s Animal and Plant Health Inspection Service (APHIS) confirmed the presence of highly pathogenic H5N1 in (HPAI) the animal in Lancaster County. State Veterinarian Dr. Roger Dudley says HPAI hasn’t been found in a backyard or commercial poultry flock yet, but this indicates that the disease could […]
A Midwestern ethanol plant that transformed into a producer of grain-based, high quality specialty alcohols has a new owner. CC Industries recently acquired Marion Indiana-based CIE, which operates a “world-class, commercial-scale distillery.” Ocean Park, a boutique investment bank and financial advisory firm, served as a financial advisor to CIE during the transition. Mark Fisler, partner and managing director for Ocean Park, tells Brownfield “CIE is a great example […]
Ag producers are more optimistic about short- and long-term farmland values, according to the latest Purdue University/CME Group Ag Economy Baromter. Purdue’s Jim Mintert tells Brownfield “commodity prices have caused people to think farmland prices have some more upside left. When you look at the auction results from this winter, the auctions have been very strong with a number of auctions basically setting record highs. So, people are still pretty […]
The USDA says corn and wheat export inspections as of the week ending March 3rd are running ahead of what’s needed to meet projections for the 2021/22 marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat and September 1st, 2021 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out Wednesday, March 9th at Noon Eastern/11 Central. Wheat came out at […]
