Soybeans were higher on commercial and technical buying. Unknown destinations bought 143,000 tons of U.S. beans Thursday morning, 142,500 tons of that new crop, and weekly new crop sales were solid, mainly to Pakistan and China. Chinese soybean imports shot higher in May as some delayed cargoes made their way to port. Beijing’s relaxation of COVID lockdowns is also expected to improve demand. Beans had some additional benefit from a […]
An extension beef specialist says with rising input prices cattle producers should strongly consider extending their grazing season. Purdue University’s Ron Lemenager says anytime equipment can be taken out between where the forage is being produced and consumed is a positive. “Producers should look at things like cover crops and stockpile grazing or using crop residues like corn stalks,” he says. He tells Brownfield with the potential for a drier […]
U.S. Secretary of State Anthony Blinken says Russia is forcing the world into a food crisis with attacks on Ukraine’s grain infrastructure. “There are credible reports…that Russia is pilfering Ukraine’s exports to sell for its own profit.” At State Department roundtable on food security issues, he said a Russian blockade in the Black Sea is preventing countries from receiving their exports. “There are somewhere around 20 million tons of wheat […]
Jul. corn closed at $7.73, up 8 and 1/2 centsJul. soybeans closed at $17.69, up 29 centsJul. soybean meal closed at $427.50, up $11.90Jul. soybean oil closed at 82.63, down 11 pointsJul. wheat closed at $10.71 and 1/4, down 3 and 1/2 centsJun. live cattle closed at $137.05, up 22 centsJun. lean hogs closed at $106.97, down 87 centsJun. Class III milk closed at $24.42, up 12 centsJul. ...
An ag economist is expecting slight to moderate adjustments by USDA in its global supply and demand report Friday. The University of Missouri’s Ben Brown says new crop corn acreage estimates will likely be the key for this month’s USDA supply and demand report… “Trade is interested to see [if] we see another revision,” Brown said. “Potentially this time in acreage given the challenges of planting in the upper plains. […]
Milk futures were mostly up and cash dairy prices were mixed on the Chicago Mercantile Exchange Thursday. June Class III milk was up $0.12 at $24.42. July closed down $0.06 at $24.95. August closed up $0.07 at $24.97. September was up $0.13 at $24.84. October through May contracts ranged from six cents lower in May to twenty cents higher in November. Dry whey was up $0.0175 at $.5425. Three sales […]
A member of the Senate Ag Committee is asking the Biden administration restore access to critical crop protection tools for producers. Kansas Senator Roger Marshall tells Brownfield says recent policy changes regulating pesticides won’t improve the environment, while farmers are increasing sustainability efforts. “They’re growing more with less. They’re using precision agriculture to minimize the amount of fertilizer using, to minimize the amount of water they’re using and there are […]
Larry Lee will cover the Wisconsin FFA Convention Monday, June 13th 2022 in Madison. ...
An eastern Iowa farmer says he’s happy to be wrapped up with planting this year. “We had a cold spring,” Lance Lillibridge said. “We weren’t able to get into the field as early as we would want to.” Lillibridge tells Brownfield his family took advantage of small planting windows in May to get their crops in the ground. “Things are out of the ground, and they are looking good. Now […]
