Category: Ag News

Cattle, hog futures stumble into back half of the week

At the Chicago Mercantile Exchange, live cattle ended the day sharply lower on profit-taking and broader market pressure.  Feeder cattle were sharply lower again today on the same factors as the live pit.  Losses were limited by the day’s lower corn trade. April live cattle closed $4.25 lower at $92.10 and June live cattle closed …

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NCBA discusses producer frustration with market movements

The wide disparity between boxed beef prices and cattle prices continues to frustrate cattle producers. Ethan Lane with the National Cattlemen’s Beef Association says they’re well aware of those concerns. “That’s something that we’re continuing to be concerned with,” Lane says. “It’s something that we have engaged with the packers in conversations over the past …

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Closing Grain and Livestock Futures: March 18, 2020

May corn closed at $3.35 and 1/4, down 8 and 3/4 centsMay soybeans closed at $8.25 and 1/2, up 1 and 1/4 centsMay soybean meal closed at $304.00, up $5.70May soybean oil closed at 25.04, down 20 pointsMay wheat closed at $5.08 and 1/4, up 9 centsApr. live cattle closed at $92.10, down $4.25Apr. lean …

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MN Ag Department doing what it can to protect food supply

Minnesota’s Ag Commissioner says during the coronavirus outbreak, the Department is doing everything it can to assure a safe, affordable, and accessible food supply. Thom Petersen tells Brownfield he continues to communicate with a broad spectrum of stakeholders. “Yesterday I hosted a call with probably about 50 different ag organizations and companies in Minnesota, trying …

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AFBF calls for ag labor certainty

A leader with American Farm Bureau says AFBF is pleased that the US government will prioritize H-2A workers who are eligible for an interview waiver in light of the announcement that visa application processing in Mexico will be suspended. Allison Crittenden, director of congressional relations with AFBF, says there is still a lot of uncertainty. …

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Ethanol production down as supply rises

U.S. ethanol production declined slightly last week. The U.S. Energy Information Administration says production averaged 1.035 million barrels a day, 9,000 less than the previous week, but that could fall further as some producers cut hours or idle plants on poor margins and blending demand concerns because of the spread of COVID-19. Ethanol stocks were …

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Perdue says US food supply chain remains strong during COVID-19 pandemic

Image from USDA Ag secretary Sonny Perdue says workers throughout the food supply chain have risen to the challenge of keeping America fed during the coronavirus outbreak. In a video message Tuesday, Perdue gave a shout out to what he calls “everyday heroes” including shelf stockers, truck drivers, food service and school lunch workers, USDA …

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First settlement payments from Syngenta lawsuit are being mailed

The first settlement payments to farmers in the Syngenta corn class action lawsuit will start going out later this week, according to a news release from the Kansas City law firm representing farmers in the case. The announcement says most of the farmers can expect total payments exceeding 5,000 dollars. The payments stem from the …

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Big yields and a 2020 brand outlook

Despite the weather challenges in 2019, farmers across the Corn Belt saw some big yields. And there are a lot of opportunities for more in 2020. In this Managing for Profit, we’ll hear from one of the DEKALB 2019 NCGA yield contest winners and learn more about what’s available for 2020. …      

Young farmer discusses challenges

There are several issues that are top of mind for young farmers. Abram Klopfenstein, a fourth-generation farmer, raises corn, soybeans, wheat, and hogs in Paulding County, Ohio. “As a young farmer, a lot of the issues that are key in agriculture really affect me because that’s my future – so we’re talking about trade, broadband, …

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Agronomy manager offers advice for growers facing a wet, warm spring

AgriGold Agronomy Manager Mike Kavanaugh says many Midwestern farmers should plan for a wet and warm spring. “We are telling growers to get their planters ready to go immediately all through the Midwest,” he says. “If a window presents itself be ready to go the last week of March for corn or soybeans.”   He …

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Missouri Supreme Court refuses to hear Grain Belt Express case

The Missouri Supreme Court has refused to hear the case involving the Grain Belt Express power transmission line. Missouri Farm Bureau President Blake Hurst says the Supreme Court is wrong to not hear the case. Hurst says Missourians should never be forced to give up their land to what he calls an energy conglomerate posing …

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Economist says retail prices up with COVID-19, but farmers aren’t benefiting

A Farm Bureau economist says none of the commodities are doing very well in the markets during the unusual consumer buying caused by coronavirus concerns. John Newton tells Brownfield, “May Class Three milk is down 11%. May Class Four milk, which is milk used to produce nonfat dry milk powders. Given how much powder is …

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Farmers see encouraging signs of an early spring

The disappearance of snow is giving farmers in Minnesota hope that fieldwork can begin soon. But University of Minnesota Extension crops educator Dave Nicolai says there’s still plenty of frost in the ground. “Recently at our southwest experiment station at Lamberton indicated there was still frost depth at least 26 inches under bare ground.” He …

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Cattle, hog futures higher on oversold signals

At the Chicago Mercantile Exchange, live cattle futures ended the day sharply higher on oversold signals with support from the sharply higher wholesale values.  Feeder cattle were higher on the same factors with additional support from the day’s lower move in corn.  April live cattle closed $4.50 higher at $96.35 and June live cattle closed …

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Milk futures lower Tuesday, cash dairy steady to lower

April Class III milk futures on the Chicago Mercantile Exchange down a penny at $15.99.  May down 12 cents at $15.47.  June through August contracts 20 to 23 cents lower. Dry whey unchanged at $0.3250.  Blocks steady at $1.8725.  Barrels unchanged at $1.50.  Butter down $0.325 at $1.74.  Five trades were made, ranging from $1.7350 …

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RFA calls on Trump Administration to help struggling biofuels industry

The Renewable Fuels Association (RFA) is asking the White House to help the struggling biofuels industry. “With many ethanol plants on the verge of shutting down, we implore the Trump Administration to take action that equitably supports all liquid fuel industries—including ethanol producers—during this time of unprecedented  market uncertainty and unrest,” RFA CEO Geoff Cooper …

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More new lows for corn

Soybeans were mostly lower on spread adjustments, May and July firm and the other months weak to modestly lower. Brazil’s harvest is more than 60% complete and their prices remain at a significant discount to U.S. supplies. Dry parts of Argentina are expected to get some rain this week ahead of harvest activity getting underway. …

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Closing Grain and Livestock Futures: March 17, 2020

May corn closed at $3.44, down 10 and 3/4 centsMay soybeans closed at $8.24 and 1/4, up 2 and 1/2 centsMay soybean meal closed at $298.30, up $2.00May soybean oil closed at 25.24, up 25 pointsMay wheat closed at $4.99 and 1/4, up 1 and 1/4 centsApr. live cattle closed at $96.35, up $4.50Apr. lean …

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COVID-19 outdates new FAPRI ag outlook numbers, triggers potential recession

University of Missouri’s Food and Ag Policy Research Institute just released its annual US ag market outlook, but their director says coronavirus impacts have already outdated their numbers and put the US in line for a potential recession. Pat Westhoff tells Brownfield reaction to dips in the stock market and unemployment because of temporary business …

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