May corn closed at $6.51 and 1/4, down 12 centsMay soybeans closed at $14.65 and 1/4, down 18 and 1/4 centsMay soybean meal closed at $439.50, down $6.20May soybean oil closed at 52.56, down 84 pointsMay wheat closed at $6.43 and 1/2, down 18 and 1/4 centsJun. live cattle closed at $164.55, up 2 centsMay feeder cattle closed at $210.75, down $1.65May lean hogs closed at $77.70, up 67 centsMay Class […]
Farmers did make some corn and soybean planting progress last week. Activity was slowed down in parts of the Midwest and Plains by a wetter, cooler weather pattern, which included snow in some northern areas and below freezing temperatures extending into southern parts of the region. The USDA says that as of Sunday, 14% of corn is planted, compared to the five-year average of 11%, and 3% has emerged, compared […]
Iowa Ag Secretary Mike Naig says he’s optimistic about expanded trading opportunities with Vietnam and the Philippines after his recent trade mission to Southeast Asia. “While they are very strong markets, I would consider them to be more developing in nature.” He tells Brownfield the region’s animal protein consumption is expected to increase by 20% over the next five years. “We’ve also got both countries looking at growing their livestock […]
Some ag groups are anxiously awaiting a court decision that could restore the use of a pesticide banned by the Environmental Protection Agency. Luther Markwart with the American Sugarbeet Association tells Brownfield EPA revoked the registration for chlorpyrifos in 2021 and their case was finally heard in mid-December. “EPA essentially said it’s safe for 11 crops, you can go ahead and use it, that was their original position, but then […]
Soybeans planted on March 30th as part of Ehler’s Ultra-Early soybean planting trial were turning dark green by 10:00 AM on April 24th, following below freezing temperatures the night before. A central Illinois agronomist says early emerging soybeans in his area were damaged by freezing overnight temperatures. Kris Ehler, sales agronomist for Ehler Brothers Company based in Thomasboro tells Brownfield many local farmers took advantage of a soybean planting window […]
The US Meat Export Federation is working to overcome supply chain challenges in Africa to maximize its export market potential. President and CEO Dan Halstrom says Africa has the youngest demographic in the world, with spending power that’s growing daily. “In addition to marketing our story in country, our team is working with individual exporters,” he says. “Individual Packers focusing on the introduction of samples products to key customers throughout […]
A livestock economist says he’s still not seeing signs of expansion in the cattle industry. University of Missouri’s Scott Brown says despite the ongoing strength in the cattle markets, USDA data suggests cattle producers haven’t started growing the U.S. herd. “Beef cow slaughter for the first three months, we’re down 90,000 head from where we were first quarter of a year ago,” he says. “That’s down 9.4%, so headed lower. […]
Michigan’s food and agricultural exports in 2022 topped the previous year’s record at $2.7 billion. Jamie Zmitko-Somers with the Michigan Department of Agriculture and Rural Development tells Brownfield growth across nearly all commoditiesled to an eight percent increase. “The biggest growth that we have seen year over year is really in our processed food products, and this is fantastic news for Michigan because we are adding additional value to a […]
Milk futures were lower and cash dairy prices were steady to lower Monday on the Chicago Mercantile Exchange. May Class III milk was down $0.43 at $16.89. June was down $0.42 at $17.59. July was down $0.33 at $18.22. August was down $0.23 at $18.87. September through March contracts ranged from unchanged in January and February to twenty-two cents lower in October. Dry whey was down $0.03 at $0.3325. Fifteen […]
