Soybeans were higher on commercial and technical buying. The tight supply and solid demand continue to be the big bullish factors, with help from a higher move in bean oil. That was on spillover from crude oil along with the generally bullish global supply and demand outlook for vegetable oils. Ukraine is normally the world’s biggest exporter of sunflower oil but remains mostly locked out of the market by Russia’s […]
The U.S. might soon have a new chief agricultural negotiator for trade. President Biden has nominated long-time USDA staffer Doug McKalip for the role at the U.S. Trade Representative’s office. Ag Secretary Tom Vilsack says McKalip has demonstrated a consistent ability to tackle difficult issues and that American agriculture and USTR will be well served by having him in this new role. U.S. Trade Representative Katherine Tai says McKalip is […]
Congressional leaders are calling for the U.S. Secretary of Commerce to prioritize rural economies with available funds from ‘innovation legislation’. The America Competes Act out of the U.S. House and United States Innovation and Competition Act from the Senate aim to increase domestic manufacturing production. Congresswoman Cheri Bustos of Illinois tells Brownfield the heartland has been left behind in recent years, but the legislation provides opportunity. “We’ve got these old […]
The president of the Iowa Corn Growers Association says biofuels can help consumers save money. Lance Lillibridge tells Brownfield, “When we look at our food costs and the grocery store bill that we all have, a big part of that comes from the cost of energy,” he said. “If we can lower that cost of energy through biofuels, we could potentially lower our costs at the grocery store as well.” […]
The Swine Health Information Center is tracking an emerging disease threat. SHIC director Dr. Paul Sundberg says Australia is dealing with an outbreak of Japanese encephalitis. “That’s a virus that is transmitted through mosquitos (and) is a first cousin to West Nile.” Both viruses are transmitted by mosquitos and birds act as reservoirs. But Sundberg tells Brownfield with Japanese encephalitis, pigs are called amplifying host. “If an infected mosquito bites […]
Jul. corn closed at $7.64 and 1/2, up 7 and 1/2 centsJul. soybeans closed at $17.40, up 11 and 3/4 centsJul. soybean meal closed at $415.60, down $1.80Jul. soybean oil closed at 82.94, up 150 pointsJul. wheat closed at $10.74 and 3/4, up 3 centsJun. live cattle closed at $136.82, up $3.10Jun. lean hogs closed at $107.85, down 57 centsJun. Class III milk closed at $24.30, down 13 centsJul. ...
Members of the House Ag Committee say protecting nutrition assistance programs in the next farm bill could help strengthen America’s food system. During a subcommittee hearing Wednesday, Don Bacon of Nebraska said he would like to change parts of the Supplemental Nutrition Assistance Program. “We have a real opportunity to promote the consumption of healthy foods. What we’re doing now is not working.” But, Representative Jahanna Hayes of Connecticut […]
Milk futures were down in the near term and cash dairy prices were mostly up on the Chicago Mercantile Exchange Wednesday. June Class III milk was down $0.13 at $24.30. July closed down $0.15 at $25.01. August closed down $0.11 at $24.90. September was down $0.04 at $24.71. October through May contracts ranged from fifteen cents lower in November to twenty cents higher in May. Dry whey was up $0.0075 […]
Brownfield Anchor/Reporter Kellan Heavican will be in Imperial on June 23, 2022 for the Summer Stocker/Yearling Meeting and Tour hosted by University of Nebraska-Lincoln. ...
