Jul. corn closed at $6.07 and 3/4, down 4 and 3/4 centsJul. soybeans closed at $13.88 and 1/4, down 11 centsJul. soybean meal closed at $389.70, down $7.80Jul. soybean oil closed at 55.96, up 53 pointsJul. wheat closed at $6.30 and 1/4, down 6 centsJun. live cattle closed at $177.45, down $1.97Aug. feeder cattle closed at $235.90, down $4.55Jun. lean hogs closed at $87.20, up 7 centsJun. ...
At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of widespread direct trade. August live cattle closed $2.95 lower at $170.97 and October lives closed $2.90 lower at $174.12. August feeders closed $4.55 lower at $235.90 and September feeders closed $4.27 lower at $239.12. Direct cash cattle trade activity was relatively quiet on Wednesday. Bids surfaced at $178 live in the South and $295 dressed in the […]
An Illinois cattleman is considering utilizing electronic identification tags for his herd. Newly elected Illinois Beef Association President Dave Duzan of McLean County tells Brownfield many producers who don’t use EID tags are concerned about information security, but he wants to be prepared for a foreign animal disease outbreak. “We run a backgrounding operation and move calves about every 30 days, and if we aren’t able to move calves for […]
Soybeans were mostly lower. There’s a better chance of rain over the next few days, but it will have to actually happen and could miss some areas. Rain forecasts are generally more favorable in July and August as El Nino starts to fully emerge. Soybean meal was lower and bean oil was higher, adjusting product spreads. ANEC sees Brazil’s June soybean exports at 14.76 million tons, compared to 13.11 million […]
A first-year Wisconsin agriculture educator says her school’s success has been a team effort with students, administrators, and the community. Amelia Hayden is the ag teacher and FFA advisor for the Osseo-Fairchild school district. “We’ve got a lot of students who are interested in everything from beef production to natural resources to leadership and communications, so it’s really exciting to see how their experiences in FFA are propelling them to […]
Michigan farmers say this season is one of the driest they’ve ever experienced. Bill Hunt farms 11,000 acres across four counties in eastern Michigan and tells Brownfield this has been the driest growing season he’s seen in 50 years of farming. “I was surprised how many spots in certain fields have just burnt right up and those are on really sandy soils—there’s no yield there now,” he shares. “There might […]
U.S. ethanol production and stocks both moved lower last week. The U.S. Energy Information Administration says production averaged 1.018 million barrels a day, a decline of 18,000 on the week and 42,000 on the year. Iowa State University’s Center for Agricultural and Rural Development says margins for the average Iowa plant receded slightly, while remaining in positive territory. The Renewable Fuels Association says ethanol stocks dropped 722,000 barrels from the […]
The chairman of the House Appropriations Subcommittee on Agriculture said the proposed ag budget would reduce spending by removing Ag Secretary Tom Vilsack’s discretionary use of the Commodity Credit Corporation. The CCC was created to stabilize, support and protect farm income and prices. It can also help maintain balanced and adequate supplies of ag commodities and helps in an orderly distribution. The CCC was used to provide funding to farmers […]
A coalition of Republican governors is asking Congressional leaders to reintroduce a bill that would prevent states from impeding interstate ag trade. Governors representing more than half of US pork production sent a letter saying their request is a result of the US Supreme Court upholding California’s Proposition 12 rule, which requires pork to be raised in a specific manner to be sold within the state. Absent from the […]
