At the Chicago Mercantile Exchange, live cattle were mixed, and feeder cattle were higher watching corn and direct cash business develop. April live cattle closed $.42 lower at $140.10 and June live cattle closed $.55 lower at $136.50. April feeder cattle closed $3.20 higher at $163 and May feeder cattle closed $2.75 higher at $168. It was an active Wednesday for direct cash cattle trade. Live deals across all areas […]
Land values have increased steadily over the last year and an ag economist says Russia’s invasion into Ukraine could drive up land prices even more. Nathan Kauffman with the Kansas City Federal Reserve says it will hinge on crop production in those two countries. “Ukraine and Russia are both large areas where crop land is used for production and (if) the issues we’re seeing now translate into more significant long-term […]
May corn closed at $7.25, down 3/4 centMay soybeans closed at $16.63, down 27 centsMay soybean meal closed at $448.00, down $6.30May soybean oil closed at 75.87, down 34 pointsMay wheat closed at $10.59, up 75 centsApr. live cattle closed at $140.10, down 42 centsApr. lean hogs closed at $106.30, up 10 centsMar. Class III milk closed at $22.24, down 2 centsApr. ...
Soybeans were sharply lower on profit taking and technical selling, giving back a small part of the gains from earlier in the week. Most near-term forecasts have rain in dry parts of Argentina and southern Brazil, but it’s too late for some of the crop, which has boosted U.S. exports. AgRural says 44% of Brazil’s soybean crop has been harvested. Unknown destinations and China both bought old and new crop […]
Workshops are underway in Indiana to help recognize stress and reduce stigma surrounding mental health in agriculture. The Healthy Minds, Healthy Lives program was created by the Indiana Rural Health Association. Program Director Kathy Walker says the suicide rate among farmers and others in the agriculture industry is higher than the general population. “The farming and agriculture community have some unique stressors and fluctuations and things that they just can’t […]
A new report by CoBank explores how global food consumption changes brought on by the pandemic will support added demand for whey products. Ag economist Tanner Ehmke with CoBank tells Brownfield the adoption of healthier habits by consumers to help combat COVID-19 are now entering their second year and more likely to become a long-lasting lifestyle shift. “The global consumer has fundamentally altered how they’ve chosen to eat and there’s […]
U.S. ethanol production and stocks both moved lower last week. The U.S. Energy Information Administration says production averaged 997,000 barrels a day, a decrease of 27,000 on the week, but an increase of 148,000 on the year. Iowa State University’s Center for Agricultural and Rural Development says ethanol margins for most producers firmed up last week and the USDA says Midwest cash ethanol prices were higher. The Renewable Fuels Association […]
A dairy trade policy specialist says President Biden outlining plans to crack down on shipping issues in his State of the Union address will greatly benefit the flow of ag exports. Shawna Morris with the U.S. Dairy Export Federation and National Milk Producers Federation tells Brownfield there have long been antitrust exemptions for shipping carrier companies and Biden’s support will hopefully encourage legislative reform. “The Ocean Shipping Reform Act is […]
