Ag News
A fairly positive end to the week for grains
Soybeans found support in the strong demand for soybean products. Both soybean oil and soybean meal were higher on Friday. Ending stocks are estimated at the lowest levels in several years and crush margins have [Read More…]
Cattle mostly higher, hogs mixed ahead of USDA reports
At the Chicago Mercantile Exchange, live and feeder cattle were mostly higher ahead of Friday’s Cattle on Feed report. The report confirmed fewer slaughter-ready cattle in 2023 and are friendly to prices. There was a [Read More…]
Closing Grain and Livestock Futures: December 23, 2022
Mar. corn closed at $6.61 and 1/4, up 5 3/4 centsJan. soybeans closed at $14.79, up 11 and 1/4 centsJan. soybean meal closed at $455.30, up $3.30Jan. soybean oil closed at 65.79, up 13 pointsMar. [Read More…]
CME milk futures higher, cash dairy mixed Friday
Milk futures were up in the near term and cash dairy prices were mixed going into the holiday weekend on the Chicago Mercantile Exchange. January Class III milk was up $0.21 at $19.46. February was [Read More…]
USDA expects slight increase in hog production in 2023
The U.S. hog herd has gotten smaller, but the report suggests there could be some production growth in 2023. The USDA says there were 73.1 million hogs and pigs in the U.S. on December 1st, [Read More…]
Kansas rancher says margins can’t get any thinner, no more cuts left
A Northeast Kansas cattle producer says record input costs and historic drought have put extreme pressure on margins. “We have cut corners so tight. You can’t starve a profit out of a cow.” Phillip Perry [Read More…]
Funding for conservation in the ’23 Farm Bill uncertain
A state farm bureau organization says USDA’s investments in climate-smart practices could reshape the conservation title in the next farm bill. Jordan Dux, senior director of national affairs with Nebraska Farm Bureau says lawmakers may [Read More…]
Placements of cattle down 2 percent on the year
The USDA says placements of cattle into U.S. feedlots fell 2% from 2021. There were 1.93 million head placed in feedlots during November, with most of those cattle weighing less than 800 pounds, heading to [Read More…]
The Mississippi River’s impact on Delta growers in ’22
An ag economist says farmers in the Delta region were hit especially hard by the low levels of the Mississippi River this year. Kevin McNew is the Chief Economist with Farmers Business Network. “It’s not [Read More…]
Grassley calls for more trade deals
US Senator Chuck Grassley says he’d like to see the nation enter more trade deals in 2023. “I would hope that we would return to our tradition of promoting trade because it’s so important to [Read More…]
Missouri Governor makes move toward year-round E15
Missouri Governor Mike Parson has taken another step toward year-round E15 availability in the Show Me state. In a letter to EPA administrator Michael Regan, Parson says he will exercise authority granted to state governors [Read More…]
Cattle producers battle blizzard conditions
An eastern Iowa cattle producer says this week’s blizzard conditions have taken a toll on his herd. Lance Lillibridge raises red angus cattle in Benton County. He tells Brownfield 30-to-40 below wind chills have impacted [Read More…]
Is eggnog safe to consume?
Eggnog has always been one of my favorite holiday treats. However, if the recipe you’re using calls for raw eggs, it may not be safe. But are there ways to consume it safely? Meredith Carothers, [Read More…]
McKalip confirmed as USTR’s chief ag negotiator, Esteban to USDA Thursday
The U.S. Senate has confirmed Doug McKalip to serve as the Chief Agricultural Negotiator for the U.S. Trade Representative’s office. Senators also confirmed Dr. Jose Emilio Esteban to serve as Under Secretary for Food Safety [Read More…]
Crop prices mostly lower heading into the end of the week
Soybeans were lower and March beans are still having trouble surpassing the $15 mark. Crop conditions in Brazil remain mostly favorable. However, southern Brazil and Argentina are really dry and could use a rain. There [Read More…]
Closing Grain and Livestock Futures: December 22, 2022
Mar. corn closed at $6.60 and 1/2, down 1 3/4 centsJan. soybeans closed at $14.67, down 13 and 1/4 centsJan. soybean meal closed at $452, down $4.00Jan. soybean oil closed at 65.80, down 51 pointsMar. [Read More…]
Live cattle mostly higher, hogs higher ahead of USDA reports
At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were higher waiting for direct cash business to develop. Boxed beef was sharply higher at midday and traders are looking to Friday’s Cattle [Read More…]
Sluggish week for export sales
Export sales for soybeans, corn, wheat and beef all saw declines, according to the latest Weekly Export Sales report. China remained the top buyer of soybeans, as demand has picked up in recent weeks as [Read More…]
Ag group teaches new drivers to share the road with machinery
A county farm bureau is teaching new drivers to be aware of ag equipment on the roads. Galva, Illinois farmer Kate Huffman chairs the Henry County Farm Bureau Health and Safety Committee. She tells Brownfield [Read More…]
Time runs out for farmer protection legislation
Legislation that would exempt farmers from proposed reporting requirements through the Securities and Exchange Commission didn’t make it through Congress in time. More than 120 Members of Congress support H.R. 9063, known as the Protect [Read More…]