Milk futures on the Chicago Mercantile Exchange saw strong support Thursday supported by cash trade and volatile market activity following Russia’s attack on Ukraine. February Class III milk was up six cents at $20.95. March 49 cents higher at $22.51. April up 75 cents at $23.23. May 75 cents higher at $22.91. June through August 50 to 63 cents higher. Dry whey down $0.03 at $0.78. Four sales were made […]
Russia’s invasion of Ukraine continues to shake up the markets and the chief economist for the USDA says the disruption is far from over. “There are probably issues beyond just the initial response in grain prices that we’ll want to consider.” USDA’s Seth Meyer told attendees of the Ag Outlook Forum it’s still too early to fully understand how global trade will be impacted. During an interview with Brownfield, Meyer […]
Commercial red meat production during January was 4.56.1 billion pounds, falling 5% on the year. Processing slowdowns were an issue in some areas and the January 2021 numbers were still slightly skewed by processors clearing up backlogs of animals caused by the pandemic. Beef production was 2.266 billion pounds, 2% lower, with processing also 2% lower at 2.703 million head, and the average live weight down a pound at 1,398 […]
Bayer says it will begin distributing Enlist E3 soybean varieties starting next year. Corteva Agriscience is the primary distributor of Enlist crops now but Bayer says it wants to offer its customers more choices and additional tools for integrated weed management. Bayer has reached a distribution agreement with M.S. Technologies and says it has long been an advocate for “the co-existence of multiple sites of action in crop systems” to […]
USDA’s Animal and Plant Health Inspection Service has confirmed highly pathogenic avian influenza in a commercial poultry flock in northern Delaware. Samples were confirmed at the APHIS National Veterinary Services Laboratories in Ames, Iowa. State officials quarantined the affected premises, and birds on the property will be depopulated to prevent the spread of the disease. Highly pathogenic avian influenza has been detected in Indiana, Michigan, Kentucky, Virginia, Maine, and New […]
U.S. ethanol production and supply both moved modestly higher last week. The U.S. Energy Information Administration says production averaged 1.024 million barrels a day, up 15,000 on the week and 366,000 on the year. Iowa State University’s Center for Agricultural and Rural Development says profit margins firmed up for many producers last week and the USDA says Midwest cash ethanol prices were higher. The supply of 25.507 million barrels was […]
Commentary. It’s National FFA Week. The heart and soul of National FFA is found in the local chapter. Without the local agriculture teacher who serves as the advisor for the chapter, there would be no local FFA chapter. There are currently more than 13,000 ag teachers who offer classroom and laboratory instruction to students, oversee students in Supervised Agriculture Education Experience programs (work-based learning) and serve as advisors for the […]
A group of seed companies is suing a Nebraska-based ethanol plant for creating an environmental crisis they say have cost millions of dollars to clean up. In a civil lawsuit filed in U.S. District Court in Nebraska, the companies – Corteva, AgReliant, Beck’s Hybrids and Winfield Solutions – say the AltEn plant near Mead sold off its assets, abandoned the site and botched the clean up after the plant improperly used […]
The head of the Nebraska Farm Bureau says trade agreements with countries in the Middle East could create new markets for the state’s ag products. Mark McHargue says a recent trade mission to the United Arab Emirates and Jordan focused on sustainability, technology and food security. “Probing for opportunities to have relationships with different universities over there and with the University of Nebraska. We do some things very well in […]
