At the Chicago Mercantile Exchange, live and feeder cattle futures were higher with feeders in the lead on the lower move in corn, getting ready for Friday’s USDA Cattle on Feed report. That strength in feeders helped both pits shrug off any bearish influence from the mixed midday beef or the week-to-date’s steady to lower direct business. June live was up $.75 at $164.35 and August was $.67 higher at […]
May corn closed at $6.63 and 3/4, down 8 and 1/2 centsMay soybeans closed at $14.97 and 1/2, down 9 centsMay soybean meal closed at $451.30, down $3.10May soybean oil closed at 54.43, down 59 pointsMay wheat closed at $6.67 and 3/4, down 14 centsJun. live cattle closed at $164.35 up 75 centsMay feeder cattle closed at $212.35, up $1.87May lean hogs closed at $76.82, down $1.95May Class III milk closed […]
The head of the Michigan Asparagus Advisory Board says she’s very concerned to see consumers cut back on vegetable purchases to counter higher food costs. Jamie Clover Adams tell Brownfield, “Sales at retail are higher, but that’s because prices are higher.” “Volume is down 3.5 percent year over year, March to March,” she says. Clover Adams says Peruvian import dumping during the American harvest has been even more troublesome in […]
An agronomist with Beck’s Hybrids reminds growers that earlier planted crops can lead to more weed pressure later in the season. Ben Wiegmann based in southern Illinois tells Brownfield that’s because, “Typically that crop is growing a little bit slower because we don’t have as warm of temperatures and that crop can’t get to canopy as fast, which is ultimately the most effective herbicide on the market- canopy closure.” He […]
The USDA says its recent trade mission to the Netherlands has helped boost opportunities for U.S. ag products. Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor says the Netherlands is viewed as a long-term trading partner. “We have seen many great business-to-business meetings,” she said. “Our FAS team has brought buyers in from across the region to meet with our U.S. companies and explore opportunities.” She says exports […]
Commercial red meat production in the U.S. during March 2023 was 4.91 billion pounds, down 1% from March 2022. The USDA says beef production fell 4% to 2.405 billion pounds following a 3% decline in the slaughter to 2.938 million head and an 18 pound drop in the average live weight to 1,366 pounds. The dairy cow slaughter was 306,100 head, up 36,900 on the month and 8,900 on the […]
A recent study shows consumers saved an average of 27 cents per gallon when using E15 ethanol blends in their vehicles. The study uses data from the Renewable Fuels Association collected from more than 15 hundred customers who reported E10 and E15 prices to a website, E15prices.com. The Renewable Fuels Association report says 52% of the price reports came from Minnesota, Iowa, Wisconsin, and South Dakota, where 44% of the […]
Milk futures were mostly higher and cash dairy prices were mixed Thursday on the Chicago Mercantile Exchange. May Class III milk was up $0.11 at $17.46. June was up $0.13 at $18.01. July was up $0.16 at $18.56. August was up $0.16 at $19.16. September through March contracts ranged from one cent lower in December to five cents higher in November and January. Dry whey was down $0.0275 at $0.3550. […]
Several agricultural groups continue to stress the consequences a proposal from the Securities and Exchange Commission could have on farmers and ranchers. Travis Cushman with the American Farm Bureau Federation tells Brownfield the proposed rule on climate disclosures meant for publicly traded companies is extremely far-reaching and would especially be difficult for small and medium-sized farms. “It will make these public companies want to do business with the larger farms […]
