Soybeans were lower on fund and technical selling, ending the week solidly in the red. Soybeans and products continued to liquidate positions, with pressure from tighter domestic crush margins and slow export demand due to Brazil’s dominance. CONAB’s updated outlook for Brazil is scheduled for May 11th, with the UDSA’s updated supply, demand, and production report set for May 12th. Any concerns about Argentina’s crop or U.S. planting delays were […]
The USDA says the number of cattle in U.S. feedlots declined during March. That followed several months of lower placements into those feedlots and ready numbers being pulled ahead into slaughter because of drought in some of the major feeding areas and questions about long-term profitability. The April 1st on feed total of 11.612 million head was down 4% from a year ago. The number of cattle placed into feedlots […]
The USDA has opened two additional grant programs to support local meat and poultry processing expansion. The agency has made $125 million available for the programs designed to improve processing infrastructure in tribal nations and areas with small and underserved farmers and ranchers. Ag Secretary Tom Vilsack says the programs will create more options for meat and poultry farmers, increase competition and enhance resiliency of the food supply chain. The […]
CNH Industrial, the manufacturer of Case industrial equipment and the Case IH and New Holland agricultural lines is divesting its business in Russia. CNH Industrial announced in March of 2022 it would suspend supplies to Russia. As of this week, the company is no longer guaranteeing salaries and administrative expenses at Russian operations. CNH generated about 380 million dollars in revenue during 2021 in Russia or about 2% of the […]
A monthly survey of rural bankers in the Midwest reflects a steady farm economy despite some headwinds. Creighton University Economist Ernie Goss says the April Rural Mainstreet index rose above growth neutral for the month. “The agricultural sector continues to pull the rest of the rural Mainstreet economy forward,” he said. “That’s good news.” He tells Brownfield the agricultural economy has weakened some year-over-year. “Higher interest rates have cut into […]
Milk futures were mostly lower in the near term and cash dairy prices were higher Friday on the Chicago Mercantile Exchange. May Class III milk was down $0.14 at $17.32. June was unchanged at $18.01. July was down $0.01 at $18.55. August was down $0.06 at $19.10. September through March contracts ranged from unchanged in November to four cents higher in December. Dry whey was up $0.0075 at $0.3625. Seven […]
The Animal Ag Alliance 2023 Sustainability Report highlights progress in the sector ahead of Earth Day. Communications specialist Emily Solis tells Brownfield the animal agriculture community continues to work to reduce greenhouse gas emissions and their environmental footprint. “And that includes the beef community committing to reaching carbon neutrality by 2040, the U.S. pork community setting a goal to reduce greenhouse gas emissions by 40 percent, and then U.S. dairy […]
A Wisconsin Congressman told the EPA Administrator that his agency’s delays in approving E15 fuel for this summer is unacceptable and a “shuffle” that is hurting farmers and consumers. Derrick Van Orden Congressman Derrick Van Orden told EPA Administrator Michael Regan during a House Ag Committee hearing the eight states seeking a waiver of the Reid Vapor Pressure guidelines should not have to wait any longer to use E15. “Your […]
A representative with Helena Agri-Enterprises says fieldwork is full-speed ahead in northwest Ohio, but planted fields aren’t as common. Aaron Siebeneck tells Brownfield there is a significant number of farmers making fertilizer applications, spraying and working ground. “The short-term forecast here is looking a little cool and wet, so a lot of guys with heavier clay soil have been holding off on planting. You get in several other areas though […]
