At the Chicago Mercantile Exchange, live cattle were lower, and feeders were sharply lower on technical liquidation. The market has struggled to shake the negativity in the market. December live cattle closed $1.27 lower at $218.77 and February live cattle closed $1.37 lower at $216.75. January feeder cattle closed $4.37 lower at $315.60 and March…… Continue Reading
Soybeans were sharply lower on profit taking and technical selling. Contracts were overbought after the recent rally, which, along with China maintaining a 13% tariff on U.S. beans, even without the retaliatory tariffs, have U.S. prices at a significant premium to Brazil. China will buy more soybeans from the U.S. this year and over the…… Continue Reading
An ag economist says farmers will want to learn just what changes in the USDA safety net programs means for their operation. University of Wisconsin economist Paul Mitchell tells Brownfield his team is analyzing the changes made in the One Big Beautiful Bill Act and other polices so they can make recommendations to farmers early…… Continue Reading
The CEO of the National Association of State Departments of Agriculture says expanding market access for U.S. commodities is key to driving long-term growth in the ag industry. Ted McKinney tells Brownfield, “We’ve got to keep the promotion up to diversify those markets, so we’re not hung out there in any one huge single market,” he…… Continue Reading
The Department of the Interior has added phosphate and potash to the official Critical Minerals List and the vice president of government affairs at The Fertilizer Institute says it’s good news for America’s farmers. Ed Thomas says it’s concerning the U.S. is so reliant on foreign entities like China and Russia for its current fertilizer…… Continue Reading
The COO of Western Smokehouse Partners says the world’s largest producer of better-for-you meat sticks is expanding. Doug Hankes says the company has invested $72 million in two facilities in Galesburg, Illinois, to help meet growing demand for a healthier protein option. “Better for you is a clean label, good sources of protein, zero sugar or…… Continue Reading
A leadership program for Michigan farmers and agricultural professionals is approaching its fifth year. Megan VandeGiessen tells Brownfield the MI AG C.O.R.E program is helpful for building confidence early in a career. “Getting to meet and talk with other farmers in the area definitely provides exposure to diverse perspectives,” she shares. “We’re able to work…… Continue Reading
Dec. corn $4.28 and 3/4, down 6 and 1/2 centsJan. soybeans $11.07 and 1/2, down 26 and 3/4 centsDec. soybean meal $312.70, down $12.10Dec. soybean oil 49.35, down 34 pointsDec. Chicago wheat $5.34 and 1/2, down 19 and 1/4 centsDec. live cattle $218.77, down $1.75Jan. feeder cattle $315.60, down $4.37Dec. lean hogs $78.97, down $1.62Dec.…… Continue Reading
Wisconsin’s administration backed away from large fee increases for animal health programs and services, but that means something else must be done to fund them. It’s been eighteen years since the fees were adjusted in June of 2007. The Department of Agriculture, Trade, and Consumer Protection says increasing fees to the rate of inflation over…… Continue Reading
Nebraska’s governor says the ag industry needs to continue to expand markets for its products. Jim Pillen says the U.S. should be less reliant on China. “My view of the world is that we don’t make money exporting beans to China.” He says the U.S. needs to increase domestic demand. He says more crushing…… Continue Reading
