“Fair value” of corn north of $5, analyst says

A market analyst says the “fair value” of corn is $5 dollars and higher. Jeff Peterson with Heartland Farm Partners says the market is adjusting to last month’s reduction in USDA crop production estimates. “What the market’s been trying to do is trying to get caught up to really fair value. What we look at…… Continue Reading

Dry winter causes some concern

A farmer in northeastern Iowa says the dry winter has him a bit concerned. Bob Hemesath, who raises corn and hogs outside of Decorah, tells Brownfield, “As much as I don’t mind not having snow, we have been dry.”  He says, “We did get some rains here late fall, and even right before the new…… Continue Reading

Cash dairy prices steady except cheese Tuesday

Cash dairy prices were steady-to-higher in light trading Tuesday on the Chicago Mercantile Exchange.  Dry whey was unchanged at $0.62.  No sales were recorded.  Forty-pound cheese blocks were up $0.0375 at $1.90. Three sales were recorded, ranging from $1.88 to $1.90.  Cheese barrels were up $0.0150 at $1.8050.  No sales were recorded,   Butter was unchanged…… Continue Reading

China targets ag equipment in retaliatory measures

China is planning to implement new tariffs on agricultural equipment next week as part of its retaliation to new U.S. duties. Chinese leaders say President Trump’s tariffs violate World Trade Organization rules and they will be challenging them. On Tuesday, the country also announced tariffs on liquified natural gas, coal, certain types of vehicles, and…… Continue Reading

Some tariffs on hold, but concern remains

President Trump’s proposed tariffs on Mexico and Canada are on hold, but there is still concern about what happens if the tariffs become a reality.  Mike Steenhoek with the Soy Transportation Coalition tells Brownfield when countries retaliate, farmers usually feel it first. “Agricultural products are very frequently the first item on the list that they…… Continue Reading

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