Closing Grain and Livestock Futures: August 22, 2024

Sep. corn closed at $3.71 and 1/2, down 4 centsSep. soybeans closed at $9.41 and 1/4, down 21 and 3/4 centsSep. soybean meal closed at $306.40, down $6.10Sep. soybean oil closed at 40.44, down 56 pointsSep. wheat closed at $5.11, down 8 and 3/4 centsOct. live cattle closed at $175.90, up $1.27Sep. feeder cattle closed…Continue Reading

Another down day for soybeans, corn on crop expectations

Soybeans were sharply lower on speculative and technical selling. Most forecasts have warmer, drier weather to start September, but stress could be limited by generally good soil moisture levels. At this point, the trade is dialing in a record crop and while pod counts from a major tour this week haven’t met expectations in some…Continue Reading

Rains benefit forage harvest

A regional agronomist says rains during the growing season have been ideal for forage production. AgroLiquid’s John Leif covers the northeastern U.S. and Ontario. “Those Midsummer rains were able to get a nice second cutting,” he says. “And for those that are into their third cutting, a lot of good third cutting is going on…Continue Reading

July poultry production up on year

Poultry production during July was above last year’s level. The USDA says 4.562 billion pounds of poultry were certified wholesome in July 2024, 8% more than July 2023, pushed higher by a 9% gain in chicken production to 4.119 billion pounds, which canceled out a modestly lower move in turkey to 433.538 million. The monthly…Continue Reading

USDA Under Secretary says trade expansion a priority for U.S. agriculture

Advancing and expanding U.S. agricultural trade remains a priority for USDA. Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor tells Brownfield that includes diversifying what’s being exported. “Making sure that if we produce it that we’re able to export it and that there are markets for those products all over the world and…Continue Reading

Red meat production surges in July

Commercial red meat production during July was up sharply on the year. The USDA says the total of 4.554 billion pounds was 10% above the year before, with beef and pork production both climbing on faster slaughter paces, the ample ready numbers, and heavier average weights. That total included 2.287 billion pounds of beef and…Continue Reading

New Leader Manufacturing introduces new dry fertilizer spreader technology

New technology introduced this week in the dry fertilizer market could be a gamechanger for farmers.                 Zac Rissi, business development specialist with New Leader Manufacturing, says the NL720 spreader brings a new level of efficiency. “We’ve increased the spread widths to 120 feet with this machine.”  He says, “So the productivity increases dramatically with that…Continue Reading

2024 ag equipment purchases and leases down

The President and CEO of the Wisconsin Bankers Association says there are fewer ag-related purchases and leases this year. Rose Oswald-Poels tells Brownfield only a few farmers are replacing equipment. “The costs of equipment right now are so high and then again coupled with the higher interest rates we’re currently seeing, there’s not a lot…Continue Reading

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