Soybeans were sharply higher on commercial and technical buying, with the most active months notching new contract highs. Rain is slowing down harvest in central and northern Brazil, expected to move into southern Brazil and Argentina later this week. While it’s expected to be beneficial, totals and coverage are unknown. According to AgRural, 33% of Brazil’s soybean crop is harvested, compared to 15% a year ago. China bought 132,000 tons […]
Mar. corn closed at $6.74 and 3/4, up 20 and 1/2 centsMar. soybeans closed at $16.35, up 33 and 1/2 centsMar. soybean meal closed at $453.70, up $5.80Mar. soybean oil closed at 70.15, up 258 pointsMar. wheat closed at $8.44 and 1/4, up 47 and 1/4 centsApr. live cattle closed at $146.02, up 15 centsApr. lean hogs closed at $112.07, up $2.67Mar. ...
The Michigan Blueberry Research and Education Program is up for its first renewal vote as a state checkoff. Established in 2017 to increase blueberry research and competitiveness, the program currently assesses growers up to three-tenths of a cent per pound of blueberries sold. Past research projects have focused on pest management, additional fruit inventory and labor surveys, and expanded research plantings. More than 50 percent of the votes cast by […]
Amie Simpson will cover the Taste of Elegance by Indiana Pork February 28, 2022 in Indianapolis, Indiana. ...
As more focus is put on lowering carbon footprints, the Renewable Fuels Association sees demand for corn going up…and not just the grain. Kelly Davis with the Renewable Fuels Association says the RFA has a low carbon pledge, and just released a research report that outlines the pathway to their low-carbon future. “Corn farming is a part of that. Corn farmers certainly know how to be more sustainable and once […]
U.S. poultry production during January 2022 was up 2% from January 2021. The USDA says the total of 4.185 billion pounds included 3.731 billion pounds of chicken, 2% above a year ago, with turkey at 442.359 million pounds, down 1%. The chicken slaughter and average live weights were 1% above a year ago, while turkey processing was slightly lower and the average live weight was 1% lighter. The USDA says […]
Brownfield’s Amie Simpson will cover the Healthy Minds, Healthy Lives Training Workshop in Lebanon, Indiana on February 24, 2022. ...
The USDA says domestic meat supplies in cold storage at the end of January were mostly below year ago levels. The red meat total was 981.195 million pounds, with a 1% gain in beef to 526.435 million more than canceled out a 6% loss in pork at 428.498 million pounds, due to diverging demand and monthly slaughter rates. The total for poultry fell 10% to 1.01 pounds, with chicken declining […]
The shrinking South American soybean crop continues to spark U.S. export sales. Kent Beadle with CHS Hedging tells Brownfield adverse weather is expected to significantly reduce Brazilian production. “Loss of production and loss of export capacity. And we’re seeing that manifest itself in a series of daily reported sales to various destinations, oftentimes specified as unknown destinations.” He says China, and possibly some European countries, are likely behind many of […]
