May corn closed at $6.27, down 14 and 1/2 centsMay soybeans closed at $14.26 and 3/4, down 9 and 1/4 centsMay soybean meal closed at $427.90, up $1.90May soybean oil closed at 50.78, down 130 pointsMay wheat closed at $6.14 and 3/4, down 12 and 1/2 centsJun. live cattle closed at $165.20, up 62 centsMay feeder cattle closed at $211.52, up $1.25May lean hogs closed at $78.12, down 15 centsMay Class […]
Beck’s Agronomist Travis Coleman says planting overall is off to a slow start in Indiana, but there are some pockets of progress. “As we move toward the west side of the state, especially the southwest corner, those farmers usually have warmer soil temperatures and are a few weeks ahead,” he says. Coleman tells Brownfield soybeans and corn planted in mid-April are looking good, but, “they’re just starting to get to […]
A western Iowa farmer says prioritizing disease management will be critical to crop success in 2023. Kevin Ross raises corn, soybeans, and hay in Pottawattamie County. “We have seen a few more of those issues show up here in our area the last couple of years.” He says corn on corn acres have been impacted the most, but “It’s been a bit for myself personally since we’ve had to deal […]
Commodity groups are asking for updated reference prices for the Price Loss Coverage Program in the 2023 Farm Bill. During a House Ag Subcommittee hearing on Wednesday ranking member David Scott acknowledged that nearly every testimony highlighted how reference prices set in the 2014 Farm Bill using 2012 data is outdated. National Cotton Council Chairman Shawn Holladay explained why, “Supply chain disruptions and geopolitical challenges have led to a dramatic […]
Soybeans were lower on fund and technical selling. Beans and bean oil saw another round of long liquidation by funds linked to slow export demand. Old crop soybean sales were up sharply from last week, but relatively unimpressive, Mexico and Japan topped the list with routine demand from unknown destinations, and there were no reported new crop sales. Soybean meal export sales were above a week ago, while soybean oil […]
Rabobank analysts are projecting the last interest rate hike of the year to come next month. Lucas Fuess tells Brownfield their latest Agribusiness Review is, “expecting a final 25 basis hike in May and then likely to remain on hold for the remainder of the year.” Fuess says shipping rates continue to normalize despite labor union negotiations which is benefiting supply chain logistics. “Ocean freight was a huge deal whether […]
The American Farm Bureau Federation says producers need additional right to repair agreements similar to a law recently passed by Colorado lawmakers. The Centennial state became the first to implement right to repair legislation and AFBF’s Emily Buckman says… “Colorado lawmakers recognized the progress that we made by including (memorandum of understanding) language,” she said. Earlier this year, AFBF signed MOU agreements with John Deere, Case IH, and New Holland […]
Research by Michigan State University is finding dairy-beef crosses are more efficient in feedlot scenarios than their Holstein counterparts. Jerald Jaborek, beef feedlot systems extension educator, tells Brownfield the study examined the economics and carcass differences between straight-bred Holstein steers and beef-sired Holstein steers. “We saw that the beef crossed steers required fewer days on feed, we harvested them 21 days sooner, so they had lower feed input costs and […]
USDA is implementing a learning network for the Partnerships for Climate-Smart Commodities Program, which will provide up to $3 billion to establish new markets. At a virtual launch event Thursday, Ag Secretary Tom Vilsack said there are more than 140 partnerships in the network to help create new revenue streams and “Pilot innovated and cost-effective methods of quantifying the climate benefits, and importantly, develop markets and promote resulting climate-smart commodities.” […]
