At the Chicago Mercantile Exchange, live and feeder cattle were lower waiting for direct cash trade to develop. The cattle on feed report comes out on Friday. It was a quiet Tuesday for direct cash cattle trade activity. Asking prices were at $140 to $142 live in the South, while the North remained quiet. With Cattle on Feed numbers coming out on Friday, it could be late in the week […]
An egg market analyst says highly pathogenic avian influenza is adding insult to injury for US egg producers. Brian Moscogiuri with Eggs Unlimited says for the last two years US egg producers have faced multiple challenges making profitability even more difficult. “In terms of investing in their farms to comply with pieces of state legislation for cage-free,” he says. “Obviously you had the pandemic and had the surge in buying […]
Soybeans were softly higher Tuesday with a mixed complex from lower soybean meal. May soybeans were 5 and 1/2 cents higher at $16.96 and 1/2, July soybeans closed 6 and 1/2 cents higher at $16.78 and 3/4, soybean meal closed $4.50 lower at $476.80, soybean oil closed 83 points higher at $74.54. USDA announced the sale of 240,000 metric tons of U.S. soybeans to unknown destinations for the current marketing […]
Iowa Ag Secretary Mike Naig is troubled by the Mexican government moving toward a phase out of genetically modified corn. Naig recently returned from a trade mission to Mexico and tells Brownfield the GM corn ban was a significant focus. “That would ultimately result in a disruption to us getting corn into Mexico. Now it’s not resulting in disruptions today, but as we look to the future and look to […]
May corn closed at $7.53, down 3 and 1/4 centsMay soybeans closed at $16.96 and 1/2, up 5 and 1/2 centsMay soybean meal closed at $476.80, down $4.50May soybean oil closed at $74.54, up 83 pointsMay wheat closed at $11.18 and 1/4, down 1 centApr. live cattle closed at $139.42, down 62 centsApr. lean hogs closed at $100.25, down 37 centsApr. ...
The CEO of the American Coalition for Ethanol says legislation introduced in the House covers a laundry list of biofuel priorities. Brian Jennings tells Brownfield the Homefront Energy Independence Act would ensure E15 could be sold year-round in all parts of the country. “That’s critically important to us. But (the bill) would also establish tax credits for E15 and higher blends, it would direct the EPA to finalize an E15 […]
The Ocean Shipping Reform Act has passed out of the Commerce Committee and will soon head to the full Senate for consideration. The bipartisan legislation, intended to ease shipping backlogs and improve supply chain challenges, is supported by 27 U.S. Senators and more than 100 organizations including the Agriculture Transportation Coalition, as well as being endorsed by the American Association of Port Authorities. The bill is co-led by Minnesota Democrat […]
A University of Minnesota Extension veterinarian and researcher says a new study shows how the state’s beef producers compare to other states and where the extension needs to focus its resources. Dr. Joe Armstrong Dr. Joe Armstrong says the study began with funding from Minnesota’s Beef Council as both wanted to get real Minnesota numbers and feedback. “We had a lot of assumptions about a lot of things in the […]
The employees of the Canadian Pacific Railway are back on the job. The railroad announced early Tuesday they have reached an agreement with the Teamsters Canada Rail Conference to bring in an arbitrator to help resolve disagreements in their contract negotiations. CP Rail is one of two Canadian trans-continental railroads and has extensive connections in the U.S., especially since their recent acquisition of Kansas City Southern. CP transports a large […]
