Members of the National Farmers Union are calling for increased fairness in the industry as part of their 2022 policy priorities. VP of advocacy Mike Stranz tells Brownfield… “We’ve known for a long time that there are problems in how the food chain is incredibly efficient but not always resilient,” he says. The organization highlighted the need for better fairness amongst agriculture and all essential workers at their recent convention […]
At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower watching corn with additional pressure from lower cash and wholesale business. April live cattle closed $1.75 lower at $138.35 and June live cattle closed $1.35 lower at $135.15. April feeder cattle closed $2.47 lower at $160.52 and May feeder cattle closed $2.50 lower at $165.55. Direct cash cattle trade activity was quiet following the active day on […]
Milk futures on the Chicago Mercantile Exchange marched higher Thursday as positive global trade and strong cash markets support prices. March Class III milk was up 19 cents at $22.43. April 39 cents higher at $23.44. May up 48 cents at $23.55. June 54 cents higher at $23.45. July through September 23 to 40 cents higher. Dry whey up $0.0150 at $0.7550. Blocks up $0.0475 at $2.1025. Two sales were […]
May corn closed at $7.47 and 3/4, up 22 and 3/4 centsMay soybeans closed at $16.67 and 3/4, up 4 and 3/4 centsMay soybean meal closed at $453.40, up $5.40May soybean oil closed at 74.81, down 106 pointsMay wheat closed at $11.34, up 75 centsApr. live cattle closed at $138.35, down $1.75Apr. lean hogs closed at $105.20, down $1.10Mar. Class III milk closed at $22.43, up 19 centsApr. ...
The ranking member of the House Ag Committee says climate policy and crop insurance shouldn’t be tied together in the next farm bill. Glenn “GT” Thompson is a Republican from Pennsylvania. “How can we change the safety net or crop insurance to be more climate friendly? I think that’s looking at the problem completely the wrong way. Rather, we should be asking ourselves how do we make climate policy farmer […]
Soybeans were mostly lower on spread trade and profit taking. Beans continued to react to Russia’s invasion of Ukraine halting energy and vegetable oil exports, but couldn’t follow through on the periodic gains, with a lower move in soybean oil. Soybean meal did finish higher on commercial buying. The trade is also monitoring the near-term rain forecast for dry parts of Argentina and southern Brazil. It’s generally been a dry […]
