Soybeans were higher on commercial and technical buying, buying back most of what was lost Thursday. Forecasts have a few planting delays in the Midwest, along with a drier pattern in Argentina thatâs probably too late to reverse some of the damage. The USDAâs new supply, demand, and production numbers, including U.S. and South American... Read more »
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In Class III trade at the Chicago Mercantile Exchange, milk futures were mixed, mostly higher on spread trade and short covering. May was unchanged at $12.87 and June was down $.09 at $12.92, while July was up $.01 at $13.34 and August was $.08 higher at $14.00. In the spot market, cash cheese barrels were... Read more »
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Light cattle trade started to develop by midafternoon on Friday in parts of the South, generally 2.00 higher than last week at 126.00 live. Many feedlots continued to price cattle at 127.00 or better, some steers and heifers in parts of Nebraska and Iowa have been marked at 196.00, 2.00 higher than last week. Northern... Read more »
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Michigan State University will lead a national research group on downy mildew. MSU says more than 2.6 million acres of vegetable crops are affected by downy mildew each year, threatening about $7.5 billion in crops. The USDA has granted MSU $2.3 million to develop management plans for the fungus-like pathogen. The University of Florida, Oregon... Read more »
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May corn closed at $3.76,Â up 4Â and 1/4Â cents May soybeans closed at $10.26 and 1/4,Â up 22 and 3/4Â cents May soybean meal closed at $341.20,Â up $6.20 May soybean oil closed at 32.81,Â up 80Â points May wheat closed at $4.53 and 1/4,Â up 1/4Â cent Jun. live cattle closed at $120.72,Â upÂ $1.10 Jun.Â lean hogs closed at $81.27,Â down $1.05 Jun. crude oil closed... Read more »
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