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Closing Grain and Livestock Futures: May 23, 2024

May 23, 2024 nedvedmedia

Jul. corn closed at $4.64, up 2 and 3/4 centsJul. soybeans closed at $12.39 and 1/4, down 7 centsJul. soybean meal closed at $376.70, down $1.50Jul. soybean oil closed at 45.19, down 69 pointsJul. wheat [Read More…]

Ag News

House Ag Committee farm bill markup underway

May 23, 2024 nedvedmedia

Democratic and Republican members of the House Ag Committee came out swinging as the group began its markup of the farm bill.  Ranking Member David Scott in opening comments voiced discontent. “I cannot, and I [Read More…]

Ag News

Corn sees good gains with wheat mostly up

May 23, 2024 nedvedmedia

Soybeans were lower on profit taking and technical selling. The trade continues to monitor U.S. planting delays and the impact of heavy flooding in southern Brazil. That flooding and crop loss in Brazil has pushed [Read More…]

Ag News

April poultry production surges higher

May 23, 2024 nedvedmedia

Poultry production was up sharply in April. The USDA says 4.426 billion pounds of poultry were certified wholesome in April 2024, up 10% from April 2023. That big year-to-year rise was due to a much [Read More…]

Ag News

Eastern Iowa farmer finishes planting, reports strong emergence

May 23, 2024 nedvedmedia

Spring planting recently wrapped for an eastern Iowa farmer. Lance Lillibridge says the wetter than expected spring pushed back some of his progress. “I was having concerns about getting planted,” he said. “I guess you [Read More…]

Ag News

Stabenow says she’s waiting for Senate Republican farm bill text

May 23, 2024 nedvedmedia

The Senate Ag Committee Chair says farm bill negotiations can start as soon as Republican leaders release their priorities. Michigan Democrat Debbie Stabenow tells Brownfield, “I’ve not seen anything specific from my Ranking Member yet, [Read More…]

Ag News

Farm groups push for checkoff reform

May 23, 2024 nedvedmedia

Some farmer organizations are teaming up to push for checkoff program reforms.  It’s the Enough is Enough Tour, and members from Farmers Union and Farm Action would like to see some changes in commodity checkoff [Read More…]

Ag News

The fight for permanent year-round E15 sales continues

May 23, 2024 nedvedmedia

Biofuel supporters are still pursuing a long-term fix for year-round E15 sales. The U.S. EPA issued an emergency waiver last month allowing sales of the fuel during the 2024 summer driving season, but U.S. Senator [Read More…]

Ag News

Rep. Smith calls for additional free trade agreements

May 23, 2024 nedvedmedia

U.S. Congressman Adrian Smith says the Biden administration needs to pursue more free trade agreements. “The fact of the matter is we have given other countries more access to our market than they have given [Read More…]

Ag News

A welcome pattern shift ahead: Drier; a change to cooler weather for much of the Heartland

May 23, 2024 nedvedmedia

Looking ahead, the 6- to 10-day outlook calls for the likelihood of below-normal temperatures in much of the Midwest, while warmer-than-normal weather will dominate northern New England, the Deep South, and the West, excluding areas [Read More…]

Ag News

Innovation in weed control that benefits the nation’s produce supply

May 22, 2024 nedvedmedia

One of the biggest challenges fruit and vegetable producers face is access to labor.  Paul Mikesell, founder and CEO of Carbon Robotics says the company’s LaserWeeder uses artificial intelligence to eliminate weeds.  He tells Brownfield [Read More…]

Ag News

Cattle futures up waiting on direct business

May 22, 2024 nedvedmedia

At the Chicago Mercantile Exchange, live and feeder cattle were up ahead of widespread direct business and Friday’s USDA cattle on feed report.  June live cattle closed $1.20 higher at $184.17 and August live cattle [Read More…]

Ag News

Equipment sales hold long-term optimism for ag

May 22, 2024 nedvedmedia

The Association of Equipment Manufacturers (AEM) says large equipment sales figures from April indicates long-term optimism for the ag industry. Curt Blades, senior vice president at AEM, says U.S. sales of large tractors were up [Read More…]

Ag News

Indiana conservation groups recognized for record achievement

May 22, 2024 nedvedmedia

The Director of the Indiana State Department of Agriculture says a record number of farmers are investing in conservation projects to maintain or improve soil health.   Don Lamb says the Indiana Conservation Partnership assisted with [Read More…]

Ag News

Indiana Organic Network connects organic growers

May 22, 2024 nedvedmedia

The National Association of Food and Agriculture is partnering with Purdue University to fund the Indiana Organic Network to connect growers across the state. Extension specialist, Ashley Adair says this benefits all Indiana farmers. “Having as many [Read More…]

Ag News

Closing Grain and Livestock Futures: May 22, 2024

May 22, 2024 nedvedmedia

Jul. corn closed at $4.61 and 1/4, up 3 and 1/4 centsJul. soybeans closed at $12.46 and 1/4, up 10 centsJul. soybean meal closed at $378.20, up $5.90Jul. soybean oil closed at 45.88, up 7 [Read More…]

Ag News

Midday livestock market updates

May 22, 2024 nedvedmedia

Direct cash cattle trade activity remains quiet.  Bids continue to be elusive.  Asking prices are around $188 to $190 live in the South, but the North has not been established.  Packer inquiry could start picking [Read More…]

Ag News

Vilsack outlines his opposition to House farm bill

May 22, 2024 nedvedmedia

Ag Secretary Tom Vilsack says he has “deep concerns” about the House Ag Committee’s version of the new farm bill. “It really is designed not to create a route to passage,” he said, “but I [Read More…]

Ag News

John Deere lays off 190 Waterloo production employees

May 22, 2024 nedvedmedia

John Deere has confirmed another round of layoffs at its Waterloo, Iowa operations. In a statement to Brownfield, the company said approximately 190 production employees have been placed on indefinite layoff effect June 22. Employees [Read More…]

Ag News

Iowa tornadoes cause massive damage, fatalities reported

May 22, 2024 nedvedmedia

At least six tornadoes were confirmed in Iowa on Tuesday resulting from a severe weather system that caused catastrophic damage and left multiple people dead. Sergeant Alex Dinkla, public information officer for the Iowa State [Read More…]

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