The Illinois Farm Business Farm Management Association says the total value of machinery continues to increase with farm acreage. CEO Dwight Raab tells Brownfield each year the group surveys Illinois farmers to benchmark machinery costs and its value to farmers.Â âIt gives those operating in production agriculture an idea of how maybe to benchmark where... Read more »
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Cattle country remained relatively quiet on Friday afternoon with a few bids reported in Kansas at 124.00 live. In Nebraska and Iowa private sources reported bids of 195.00 dressed, and 124.00 live. The only cattle trade reported so far this week was in the North on Wednesday at 195.00 dressed. The expectation is some cattle... Read more »
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The Michigan Farm Bureau president says his first year of service has been a family affair. Carl BednarskiÂ was elected at the 2014 Michigan Farm Bureau Annual Meeting by member delegates as their 16th president.Â The Tuscola County crop farmer grows corn, dry beans, sugarbeets and white wheat with his wife and three sons in... Read more »
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Dec. corn closed at $3.59 and 1/4,Â down 6 andÂ 3/4Â cents Jan. soybeans closed at $8.73,Â down 2 and 1/4Â cents Dec. soybean meal closed at $282.40,Â down $2.40 Dec. soybean oil closed at 28.75,Â down 14Â points Dec. wheat closed at $4.65 and 3/4,Â downÂ 13 and 1/2Â cents Dec. live cattle closed at $131.82,Â up 87 cents Dec. lean hogs closed at $58.72,Â down $.07... Read more »
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No trading at the Chicago Mercantile Exchange dairy markets on Friday. For the holiday-shortened week: cash cheese barrels gained 4.75 cents, blocks increased a penny, butter is a half-cent higher and nonfat dry milk slipped a half-cent.Â Class III futures for November unchanged, December lost 19 cents, January is 41 cents lower, February is down... Read more »
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