Ag News
Soybeans drop as corn finds some support
Soybeans were lower on commercial and technical selling. There is some rain in the forecast for dry parts of Brazil, but that might not last long. Even then, any improvement in Brazil will be welcome [Read More…]
Time to finish the farm bill
The chief lobbyist for the National Cattlemen’s Beef Association says the 2024 elections could very likely delay a farm bill beyond a year. Ethan Lane tells Brownfield it could take longer than the 1-year extension [Read More…]
CME milk, cash dairy lower Thursday
Milk futures were mostly lower and the cash dairy markets were lower Thursday on the Chicago Mercantile Exchange. November Class III milk was up $0.05 at $17.15. December was down $0.34 at $17.11. January was down [Read More…]
Soybean, rice export sales hit marketing year highs
U.S. soybean export sales surged to a marketing year high during the week ending November 9th. The USDA says soybean sales were nearly 4 million tons, led by strong demand from China as Beijing tries [Read More…]
One more mild, fall day across much of the Heartland as colder air builds up north
Across the Corn Belt, unusually warm weather continues to promote late-autumn fieldwork. Conditions are especially favorable in the eastern Corn Belt, where crops were slower in drying down and winter wheat planting got off to [Read More…]
A moisture-laden weather pattern early next week precedes a push of much colder air
Looking ahead, the 6- to 10-day outlook calls for the likelihood of below-normal temperatures east of the Rockies, while warmer-than-normal weather will prevail in the West. Meanwhile, below-normal precipitation in most areas west of the [Read More…]
HPAI reported in southern Michigan
Highly pathogenic avian influenza has been confirmed in a backyard flock in Michigan. The Michigan Department of Agriculture and Rural Development confirms a flock in Cass County tested positive for the virus, the first domestic [Read More…]
Dry conditions getting more serious for South America
An agricultural meteorologist says the weather situation in South America is getting serious. Drew Lerner with World Weather Incorporated says relief from the dry conditions aren’t expected anytime soon in Brazil. “Looking at the end [Read More…]
Technical buying boosts cattle futures
Chicago Mercantile Exchange live and feeder cattle futures were sharply higher, with support from the higher midday boxed beef and technical buying. That helped offset bearish expectations for Friday’s Cattle on Feed report and the [Read More…]
Diversifying demand creates opportunities for pork industry
The senior vice president of market growth with the National Pork Board says domestic demand has slipped and that’s been problematic for the industry. “We are seeing some of the most challenging times that we’ve [Read More…]
Closing Grain and Livestock Futures: November 15, 2023
Dec. corn closed at $4.70 and 3/4, down 7 and 1/2 centsJan. soybeans closed at $13.85, down 4 and 3/4 centsDec. soybean meal closed at $469.20, down $4.40Dec. soybean oil closed at 53.05, up 30 [Read More…]
An optimistic outlook despite some challenges
An ag trader says he has a fairly optimistic outlook for producers. Tommy Grisafi with Advanced Trading says, “If we have the bushels things will be good, even with lower prices.” He tells Brownfield South [Read More…]
Soybeans, wheat mixed as corn drifts lower
Soybeans were mixed on bear spreading. Near-term weather in Brazil remains too wet in some areas, too dry in others, but there is a chance for rain in some of the drier areas. That could [Read More…]
Protecting trade in the farm bill debate
An official with the Biden administration says trade programs need to be protected in the farm bill. USDA Undersecretary for Trade and Foreign Ag Affairs Alexis Taylor tells Brownfield the programs are crucial to the [Read More…]
Broiler sets, placements extend lower trend
Broiler egg sets and placements continue to trend below a year ago as the industry responds to declining demand expectations while improving prices. The USDA says 230.167 million broiler type eggs were set into incubators [Read More…]
CME milk futures, cash dairy mostly lower Wednesday
Milk futures were lower in the near months and the cash dairy markets were steady to lower Wednesday on the Chicago Mercantile Exchange. November Class III milk was down $0.03 at $17.10. December was down [Read More…]
Thank them for their service
Commentary. Thank you for your service. Those five words mean so much to men and women serving or who have served in the military. Each year on November 11, rural and urban communities across the [Read More…]
Three different active ingredients to better control weeds
TriVolt’s three different active ingredients help farmers keep fields clean for up to eight weeks in a variety of weather conditions. In this Managing for Profit, John Buol, North America Market Technical Manager for Bayer, [Read More…]
Mild, near-idyllic fall weather covers the Heartland
Across the Corn Belt, dry weather and significantly above-normal temperatures remain ideal for late-season fieldwork. By November 12, only 12% of the U.S. corn acreage remained standing, along with 5% of the soybeans. In the [Read More…]
Cattle futures up on broader market strength
Chicago Mercantile Exchange live and feeder cattle futures were higher, supported by technical buying and strength in the broader market, getting ready for widespread direct business and the upcoming USDA Cattle on Feed report. December [Read More…]