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Closing Grain and Livestock Futures: December 19, 2024

December 19, 2024 nedvedmedia

Mar. corn closed at $4.40 and 3/4, up 3 and 1/2 centsJan. soybeans closed at $9.63, up 11 and 1/4 centsJan. soybean meal closed at $284.10, up $4.60Jan. soybean oil closed at 40.01, up 46 [Read More…]

Ag News

Additional cash cattle business develops Thursday afternoon

December 19, 2024 nedvedmedia

Chicago Mercantile Exchange live and feeder cattle futures were down sharply ahead of the USDA’s Cattle on Feed numbers, out Friday afternoon. Ahead of the report, on average, analysts expect all major categories to be [Read More…]

Ag News

Soybeans, corn both bounce off recent lows

December 19, 2024 nedvedmedia

Soybeans were higher on fund and technical buying. Contracts found some new interest near the recent mutli-year lows, helped out by good weekly sales and unknown destinations buying U.S. beans Thursday morning. The weekly total [Read More…]

Ag News

November milk production down slightly

December 19, 2024 nedvedmedia

USDA says milk production in the 24 major producing states was down 0.8% from a year ago.  The November production totaled 17.2 billion pounds.  Nationwide, production was down 1% at 17.9 billion pounds. The number [Read More…]

Ag News

Ag banker predicting a credit culture shift for farm businesses

December 19, 2024 nedvedmedia

An ag banker says he expects a credit culture shift for farm businesses looking at renewals.   Barry Benson, Vice President of Agribusiness Banking with Nebraska-based First National Bank of Omaha, tells Brownfield lower commodity [Read More…]

Ag News

Grain surplus overshadows year of strong demand

December 19, 2024 nedvedmedia

A market analyst sees a surplus of corn and soybeans overshadowing a year of strong demand. Naomi Blohm is senior market advisor with Total Farm Marketing. “The theme has been bigger production, bigger supply. Demand [Read More…]

Ag News

Corn, soybean export sales up on week, below average

December 19, 2024 nedvedmedia

The USDA says corn and soybean export sales were up during the week ending December 12th. The week-to-week increases for beans, corn, and a few other key commodities were due to some buyers trying to [Read More…]

Ag News

ODA announces $6 million in farmland preservation

December 19, 2024 nedvedmedia

The director of Ohio’s Department of Agriculture says the agency is committed to preserving the state’s farmland. Brian Baldridge says an additional $6 million was recently allocated to 42 groups across the state. “As far [Read More…]

Ag News

Corn stunt disease expanded U.S. presence in 2024

December 19, 2024 nedvedmedia

An extension specialist with the University of Missouri says corn stunt disease expanded its presence in the U.S. in 2024. Mandy Bish says the disease is carried by the corn leaf hopper. “We’ve been able [Read More…]

Ag News

A dynamic feature impacts the northeastern U.S.; a more active pattern ahead in the West, South

December 19, 2024 nedvedmedia

A dynamic storm system currently crossing the upper Midwest will race southeastward, reaching the middle Atlantic Coast late Friday.  Thereafter, most of the atmospheric energy will remain offshore, although snowy, breezy weather may graze the [Read More…]

Ag News

Research suggests U.S. agriculture could become greenhouse gas negative

December 19, 2024 nedvedmedia

There is potential for U.S. agriculture to become greenhouse gas negative. New research co-authored by a Kansas State University agronomy professor suggests small changes could make a significant impact for the industry. Dr. Chuck Rice [Read More…]

Ag News

A big “to-do” list for Congress in 2025

December 19, 2024 nedvedmedia

The recently released Continuing Resolution includes a one-year extension to the farm bill. If passed, Congress will have another shot to get a five-year bill across the finish line in 2025. Chuck Conner, president and [Read More…]

Ag News

Wisconsin reports 3rd poultry, 1st human H5N1 case

December 18, 2024 nedvedmedia

Wisconsin now has it’s third case of highly pathogenic avian influenza in poultry this year, and second case in a week. The Department of Agriculture, Trade, and Consumer Protection confirmed Wednesday that a backyard flock [Read More…]

Ag News

AGCO hopes new central IL training center starts talent pipeline

December 18, 2024 nedvedmedia

AGCO officials say the company’s new Technician Training Center is an investment in the future. Ash Alt, manager of after sales technical training for North America, says the $5 million, 22,000-foot facility prepares the next [Read More…]

Ag News

White Christmas? More like rainy

December 18, 2024 nedvedmedia

An ag meteorologist says it likely won’t be a white Christmas for most growing regions across the Midwest. Greg Soulje tells Brownfield, “We really do have some significant snow cover on the ground out of [Read More…]

Ag News

Broiler hatchery numbers hold to uptrend

December 18, 2024 nedvedmedia

2024 broiler sets and placements remain on a faster than 2023 pace. The USDA says 247.104 million broiler-type eggs were set into incubators last week, up 1.756 million from the prior week and 3% above [Read More…]

Ag News

USDA adds 7 states to national milk testing program

December 18, 2024 nedvedmedia

The USDA’s Animal and Plant Health Inspection Service has announced seven additional states to participate in the agency’s National Milk Testing Strategy. The program launched at the beginning of December requires processing plants to test [Read More…]

Ag News

Food security is national security

December 18, 2024 nedvedmedia

A former ambassador to the United Nations Agencies for Food and Agriculture says protecting food security is essential to ensuring national security. Kip Tom says depending on foreign competitors for ag products puts the U.S. [Read More…]

Ag News

Drone usage still in early stages for specialty crops

December 17, 2024 nedvedmedia

An Extension educator says spray drone adoption has lagged for non-row crop farmers. Michigan State University Extension’s Michael Reinke tells Brownfield, “Because most of the research in the past and the adoption has been in [Read More…]

Ag News

Cattle futures waiting for direct business to develop

December 17, 2024 nedvedmedia

At the Chicago Mercantile Exchange, live cattle were mixed, mostly lower ahead of direct business.  Feeders closed higher on the lower move in corn.  February live cattle closed $.22 lower at $189.75 and April live [Read More…]

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