February was another big month for beef exports. US Meat Export Federation president and CEO Dan Halstrom says China continues to play a big role in exports, but that’s not the only story. “Taiwan is up significant year-over-year and that’s mainly chilled beef,” he says. “Central America’s region is up, led by Guatemala and Panama. Look at South America – the Colombian market is strong. The Caribbean market is strong.” […]
Equipment manufacturers and fleets have been strong supporters of biodiesel over the past thirty years. And, as diesel fleets are looking to do even more to lower their carbon footprint, they’re looking at B20 and beyond. In this episode of Managing for Profit, Jennifer Weaver, OEM Market Development Manager for Clean Fuels Alliance America, outlines diesel fleet interest in and adoption of biodiesel blends. ...
Governor Tony Evers in Wisconsin Governor Tony Evers says he supports a water quality bill that reached his desk this week. “Yes, I will be signing that bill.” Evers tells Brownfield he will sign Assembly Bill 727 today, Friday, April 8th. He says he would have liked additional water protection efforts in the bill. “Yes, I wish there was more to it. There’s lots of other issues around water quality […]
May corn closed at $7.57 and 3/4, up 1 and 1/4 centsMay soybeans closed at $16.45 and 1/2, up 26 centsMay soybean meal closed at $460.20, down $1.60May soybean oil closed at $73.02, up 119 pointsMay wheat closed at $10.20, down 18 and 1/4 centsApr. live cattle closed at $138.00, up 30 centsJune lean hogs closed at $114.15, up 55 centsApr. ...
A western Nebraska producer says adding sugar beets to his crop rotation has made his operation more sustainable and created more market options. Kevin Hall raises cattle and grows 12,000 acres of corn, wheat, pinto beans and sugar beets near Scottsbluff. “We get the sugar to deliver to the grocery store, as well as, by products like molasses and beep pulp that we bring back to feed it to our […]
An Illinois farmer is making some last-minute acreage changes ahead of spring planting. Mark Read farms near Putnam in north central Illinois. “We actually just made the decision to switch some acreage from soybeans to corn right now, as long as we can get the nitrogen, is a little more profitable. Part of that is due to the last USDA report and the financial part of it.” Read says […]
Soybeans closed sharply higher Thursday. The soybean market traded softly higher overnight which picked up early in the session. Soybean futures are continuing to gain strength on South American drought conditions, even with rainfall in parts of Brazil. Traders are expecting strong adjustments in USDA’s global supply and demand report coming out tomorrow. Expectations of tightening ending stocks have been bullish for the market. A lack of a downward adjustment […]
A dairy organization leader says many farmers are reluctant to speak out on dairy pricing reform, even though the present system has harmed them. Laurie Fischer is the President of the American Dairy Coalition, which recently hosted an online discussion about dairy pricing issues. She says, “One of the items that came up and it continues to come up in our conversations is a fear for dairy farmers to speak […]
At the Chicago Mercantile Exchange, live cattle were mostly higher and feeders were mixed watching for additional cash business to develop. June live cattle closed $.12 lower at $134.10 and August live cattle closed $.40 higher at $136.10. May feeder cattle closed $.47 lower at $159.47 and August feeder cattle closed $1.57 higher at $174.27. Direct cash cattle trade activity was quiet following three days of light to moderate […]
