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Russia’s invasion of Ukraine continues to wreak havoc on global markets, but an economist with RaboReserach says seasonality could help limit volatility on some fertilizer prices. Farm inputs analyst Sam Taylor the markets have actually been relatively stoic over the last couple of weeks.  “You have seen price movement ranging from down in the Chinese market to up about 17 to 20 percent for other macronutrients in different benchmarks,” he […]

Dairy groups say the U.S. Trade Representative outlining enforcement in priorities this year is encouraging, but there’s a major element missing. “Which is no indication that there is an appetite to resume comprehensive trade agreement negotiations.” Senior VP for trade policy Shawna Morris with the U.S. Dairy Export Council and National Milk Producers Federation tells Brownfield agreements with the United Kingdom, Southeast Asia, Japan, and the Middle East would greatly […]

The Biden administration announced it is investing more than $166.5 million dollars to protect America’s watersheds. Undersecretary for the USDA’s Natural Resources Conservation Service Robert Bonney says 23 states will receive funding for new dam and flood prevention projects and for repairs on existing watershed infrastructure.  “We tend to work in partnership with communities to help repair aging dams, improve irrigation, help folks plan for watershed issues related to drought, […]

Members of the National Farmers Union are calling for increased fairness in the industry as part of their 2022 policy priorities. VP of advocacy Mike Stranz tells Brownfield… “We’ve known for a long time that there are problems in how the food chain is incredibly efficient but not always resilient,” he says. The organization highlighted the need for better fairness amongst agriculture and all essential workers at their recent convention […]

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower watching corn with additional pressure from lower cash and wholesale business.  April live cattle closed $1.75 lower at $138.35 and June live cattle closed $1.35 lower at $135.15.  April feeder cattle closed $2.47 lower at $160.52 and May feeder cattle closed $2.50 lower at $165.55.  Direct cash cattle trade activity was quiet following the active day on […]

Milk futures on the Chicago Mercantile Exchange marched higher Thursday as positive global trade and strong cash markets support prices. March Class III milk was up 19 cents at $22.43. April 39 cents higher at $23.44. May up 48 cents at $23.55. June 54 cents higher at $23.45. July through September 23 to 40 cents higher. Dry whey up $0.0150 at $0.7550. Blocks up $0.0475 at $2.1025. Two sales were […]

May corn closed at $7.47 and 3/4, up 22 and 3/4 centsMay soybeans closed at $16.67 and 3/4, up 4 and 3/4 centsMay soybean meal closed at $453.40, up $5.40May soybean oil closed at 74.81, down 106 pointsMay wheat closed at $11.34, up 75 centsApr. live cattle closed at $138.35, down $1.75Apr. lean hogs closed at $105.20, down $1.10Mar. Class III milk closed at $22.43, up 19 centsApr. ...

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