Month: February 2025

Trump’s tariffs could increase home prices and mortgage rates, some experts say
Andrew Harnik/Getty Images (WASHINGTON) — Housing prices are soaring twice as fast as overall inflation. The average rate on a 30-year mortgage topped 7% in January for the first time since last spring. Observers as disparate [Read More…]

Strong gains for cattle futures at midweek
Chicago Mercantile Exchange live and feeder cattle futures were sharply higher on technical buying, shrugging off the bearish cash and wholesale business during the session. April live was up $2.65 at $201.30 and June was [Read More…]

Closing Grain and Livestock Futures: February 5, 2025
Mar. corn closed at $4.93 and 1/4, down 1 and 1/4 centsMar. soybeans closed at $10.57, down 18 centsMar. soybean meal closed at $308.30, down $5.70Mar. soybean oil closed at 45.09, down 67 pointsMar. wheat [Read More…]

Soybeans fall on profit taking
Soybeans were lower on profit taking and technical selling. Crop estimates for Argentina remain high, despite weather issues, and Brazil is still on track for a record crop, even with the slow harvest in some [Read More…]

BASF says climate-smart biofuels have longevity
A sustainability market development manager is bullish on decarbonization efforts continuing long into the future. Chad Asmus with BASF tells Brownfield 45Z tax credits allow farmers to be rewarded for their climate-smart efforts. “Low carbon [Read More…]

A slow approach to herd expansion
Could herd expansion be around the corner in the cattle industry? Oklahoma State University economist Derrell Peel says once herd expansion happens, he expects it to be a gradual increase. “We’re thinking about thinking about [Read More…]

UN chief warns about ‘any form of ethnic cleansing’ after Trump’s Gaza proposal
Kyle Mazza/Anadolu via Getty Images (LONDON) — Several international leaders and U.S. allies condemned President Donald Trump’s stunning proposal suggesting the U.S. would “take over” the Gaza Strip, with many singularly rejecting Trump’s statement and raising the question [Read More…]

1 killed, 5 hurt in shooting at manufacturing facility in Ohio; police investigating motive
WSYX (NEW ALBANY, Ohio) — Police are looking for a motive after a man allegedly killed one person and injured five others in a workplace shooting at an Ohio manufacturing facility, officials said. Officers responded [Read More…]

Republicans block Musk from congressional subpoena as DOGE continues to access government data
Chip Somodevilla/Getty Images/Bloomberg via Getty Images (WASHINGTON) — As Elon Musk continues to dismantle government agencies, threaten workers with layoffs and gain access to government data, congressional Republicans on Wednesday blocked Democratic efforts to compel [Read More…]

Robert Downey Jr., Cillian Murphy and more winners returning to present at this year’s Oscars
John Shearer/WireImage via Getty Images The first batch of Oscars presenters have been revealed. Cillian Murphy, Emma Stone, Robert Downey Jr. and Da’Vine Joy Randolph will return to the Oscars stage to present awards at [Read More…]

‘Shrinking’ answers call for productions to stay in LA after wildfires
Apple The popular drama Shrinking, starring Jason Segel and Harrison Ford, will continue production in Los Angeles as the members of the film industry urge shows to stay put after wildfires caused destruction throughout the [Read More…]

Tariff risks to agriculture aired during Senate hearing
Top farm group officials say the threat of potential tariffs is already impacting the ag industry. National Farmers Union President Rob Larew says, “We’re hearing out there about suppliers of fertilizer and other goods who [Read More…]

Broiler numbers down on week, still up on year
Broiler sets and placements remain ahead of 2024. The USDA says 248.138 million broiler-type eggs went into incubation, down 1.138 million on the week, but still up 2% on the year, with average hatchability hanging [Read More…]

The impact of high beef prices on consumer demand
The senior protein analyst for Terrain says retail prices for beef still haven’t been high enough to curb demand. Don Close tells Brownfield he’s been looking at the beef complex. “Look at the demand for [Read More…]

Now is the time to transition
An expert says more resources are available for farmers transitioning to organic practices than ever before. “I mean, if folks are considering transition, now is the best time.” Tom Manley, conservation director with Marbleseed, says [Read More…]

Ethanol, DDGS exports see solid 2024 finish
U.S. ethanol exports had a strong end to 2024. The Renewable Fuels Association says 194.4 million gallons left U.S. ports in December of last year, an eight-month high and up 4% from November. Canada claimed [Read More…]

1st migrant flight lands at Guantanamo Bay, carrying ‘worst of the worst’
DHS (WASHINGTON) — The first flight carrying “high-threat” migrants to Guantanamo Bay arrived Tuesday evening, part of the Trump administration’s crackdown on illegal immigration. The C-17 plane took off from El Paso, Texas, and landed [Read More…]

West Point disbands student clubs related to gender and race
Yana Paskova/For The Washington Post via Getty Images (WEST POINT, N.Y.) — The U.S. Military Academy at West Point has disbanded a dozen clubs on campus related to gender and race, ABC News has confirmed. [Read More…]

ICE carries out raid in Colorado, arrests over 100 members of Venezuelan gang: Officials
Christopher Dilts/Bloomberg via Getty Images (AURORA, Colo.) — U.S. Immigration and Customs Enforcement arrested more than 100 alleged members of the Venezuelan gang Tren de Aragua during an early morning raid at an apartment complex [Read More…]

Amber Alert issued for pregnant 16-year-old believed to be with the 40-year-old father
Missingkids.org (BEAVER DAM, Ark.) — An Amber Alert has been issued for a pregnant Wisconsin teen, who police believe is with the 40-year-old man who impregnated her. Sophia Martha Franklin, 16, is three months pregnant, [Read More…]