Sep. corn closed at $3.82 and 1/2, down 5 centsSep. soybeans closed at $10.27 and 1/4, down 1 and 1/2 centsSep. soybean meal closed at $293.10, down $4.10Sep. soybean oil closed at 52.47, down 29 pointsSep. wheat closed at $5.02 and 1/4, down 7 and 1/4 centsOct. live cattle closed at $239.52, up $1.32Sep. feeder…… Continue Reading
Self-insurance model called captive insurance
An insurance specialist is encouraging farmers to consider a risk management tool called captive insurance. Van Carlson says his company, SRA 831 (b) Admin, helps business owners develop a self-insurance model. “If I have a huge deductible on my building, or have an actual cash value minus depreciation. Which means if I have a 20-year…… Continue Reading
Broiler placements gain on week, year
Broiler hatchery numbers were mixed on the week, up on the week. The numbers are in line with USDA projections for a year-over-year increase in broiler chicken production. The USDA says 249.313 million broiler-type eggs were set into incubation, dropping 961,000 on the week, but rising 1% on the year, with average hatchability improving slightly…… Continue Reading
Michigan cash rents post widespread results
Michigan cash rental values are unchanged this year despite farmland values in the state seeing the largest increase nationwide. Jon LaPorte is a Farm Business Management Educator with Michigan State University Extension. “It really is quite a mixture across the state,” he says. “It’s really hard to pinpoint down that one area because of higher production maybe went…… Continue Reading
Expanding the market for U.S. soy
The CEO of the U.S. Soybean Export Council says expanding market access remains a top priority for soybean farmers heading into the new marketing year. Jim Sutter says China’s retaliatory tariffs have put the U.S. at a competitive disadvantage. “The number one focus is making sure that we get the opportunity to be on a…… Continue Reading
U.S. ethanol stocks tightest since early January
U.S. ethanol stocks fell to a more than seven-month low last week. The U.S. Energy Information Administration the domestic ethanol supply of 22.549 million barrels was down 139,000 on the week and 1.023 million on the year, implying solid demand late in the summer driving season. That’s the smallest U.S. ethanol inventory since the week…… Continue Reading
Asian Longhorned Tick threat continues
Indiana’s state veterinarian says the Asian Longhorned Tick remains a concern for livestock producers this fall. Kyle Shipman says female ticks reproduce quickly and can cause adverse health effects in cattle. “Theileriosis is the tick-borne intracellular protozoan that impacts the red and white blood cells of cattle,” he says. “It’s estimated that this impacts the…… Continue Reading
CME cash dairy prices mostly lower
Cash dairy prices were mostly lower Wednesday on the Chicago Mercantile Exchange and brought in a spree of purchases. Dry whey down $0.02 at $0.55. Four sales were made from $0.55 to $0.56. Blocks down $0.05 at $1.76. Three sales were made from $1.76 to $1.78. Barrels down $0.0150 at $1.7850. Butter down $0.1350 at…… Continue Reading
FBi Buildings Focuses on Customer Connection at Farm Show
While there may not be brand-new product innovations this year, FBi Buildings is bringing something equally valuable to the farm show floor: connection. Blair Neihouser, Vice President of Sales for FBi Buildings, told Brownfield Ag News that the company’s presence at the show is all about building relationships and making visitors feel welcomed and valued.…… Continue Reading
Worries over disease pressure and impact on yield potential continue
Some farmers at this year’s Nebraska State Fair say ongoing disease pressure could have an unexpected impact on yields. Michael Bergen of Henderson says his corn crop had strong potential most of the summer. “It seems like it is going backwards and giving up a few bushels here at the end.” He tells Brownfield a series…… Continue Reading
