A north Iowa farmer is waiting to begin planting. Casey Schlichting of Clear Lake says he’s noticed a trend with his earlier planted corn. “It struggles to come out of the ground and it doesn’t look great for awhile, then it finally gets going and catches up. And the last corn we plant looks phenomenal and hops out of the ground nice and green and everything is good to go, […]
May corn closed at $6.52 and 1/4, down 3 and 3/4 centsMay soybeans closed at $15.01 down 3 1/4 centsMay soybean meal closed at $463.60, up $3.40May soybean oil closed at 53.72, down 28 pointsMay wheat closed at $6.67 down 12 and 1/2 centsJun. live cattle closed at $164.50, down 35 centsMay feeder cattle closed at $207.80, down 77 centsMay lean hogs closed at $79.95, $1.57May Class III milk closed […]
The 2023 planting season kicked off this week for north central Illinois farmer Bill Leigh. From his tractor cab on Thursday, he tells Brownfield weather has made it seem more like May than April. “Soil temperatures are up in the 60’s and it is 75 degrees outside. We are putting soybeans into no-till corn with standing rye grass that’s about an inch and a half high, which we will terminate […]
Ag leaders say the call for a Federal Milk Marketing Order review will hopefully make it a more common occurrence. Jim Mulhern with the National Milk Producers Federation tells Brownfield he was involved in the last reform process in 2000. “We can make periodic adjustments in make allowances over time so we don’t have a 15-year gap between adjustments,” he says. “Our proposal is to do an interim adjustment in […]
More than 18,000 cattle were lost earlier this week in an explosion at a dairy farm in the Texas Panhandle. The local county sheriff says an overheated manure handling system igniting methane in the barn possibly caused the blast but the cause is still under investigation. The Texas A&M Forest Service says the region is in a high fire danger area. One person remains in critical condition. ...
Soybeans started the day with big gains only to fall off around midsession and end the day with modest gains in most contracts. There was some slight weakness in the nearby month. China appears to be picking up its soybean imports, with Brazil currently filling most of that order. Brazil looks to be headed to a record-large soybean crop, but the same cannot be said for soy production in Argentina […]
At the Chicago Mercantile Exchange, live and feeder cattle ended the day mostly lower on profit-taking despite much high cash and wholesale business. June live cattle closed $0.35lower at $164.50 and August live cattle closed $.72 lower at $163.25. May feeder cattle closed $.77 lower at $207.80 and August feeder cattle closed $.77 lower at $224.97. Direct cash cattle trade activity picked up where it left off on Wednesday. Dressed […]
A central Illinois farmer says navigating interest rates could be one of the biggest challenges farmers face this year. Grant Strom raises corn and soybeans about 40 miles west of Peoria. “If you’re having to do any operating on borrowing, those rates are double or more than what we’ve seen in the last 4 to 5 years,” he says. “That’s something we continue to monitor.” He tells Brownfield while many […]
An Arkansas farmer says he’s extremely disappointed in the cotton market. Derek Haigwood says all signs have been pointing to higher prices. “All the headlines were ‘horrible Texas cotton crop’ last year, COVID supply chains shutting down purchases of cotton,” he says. “And I’m just really disappointed the cotton price did not go up. I held it and held it and held it.” He tells Brownfield the market is telling […]
