Dairy economist expects offsets to new higher FMMO make allowances 

A dairy economist says in time, he’s expecting producer milk checks will have more premiums for components, which will help offset processor make allowance deductions.  Marin Bozic with the University of Minnesota and Edge Dairy Farmer Cooperative tells Brownfield when the new federal milk marketing orders are implemented, less milk will be depooled. “I think that…Continue Reading

Cattle futures lower on profit-taking

Cattle futures lower on profit-taking

At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking and the lower boxed beef.  February live cattle closed $1.52 lower at $207.02 and April live cattle closed $2.32 lower at $204.95.  March feeder cattle closed $2.97 lower at $275.27 and April feeder cattle closed $3.20 lower at $274.60.  Direct cash cattle…Continue Reading

Soybeans, corn continue to watch South American weather

Soybeans were higher on speculative and technical buying. Near-term forecasts for parts of Argentina and southern Brazil are dry, potentially stressing crops. There’s also more rain in the forecast for central Brazil, further delaying the early harvest activity. For all the weather talk, there hasn’t been much movement yet on production projections, especially for Brazil,…Continue Reading

Closing Grain and Livestock Futures: January 29, 2025

Mar. corn closed at $4.97, up 11 and 3/4 centsMar. soybeans closed at $10.60 and 1/2, up 15 and 1/2 centsMar. soybean meal closed at $309.80, up $8.20Mar. soybean oil closed at 44.97, down 16 pointsMar. wheat closed at $5.62 and 1/2, up 17 and 1/4 centsFeb. live cattle closed at $207.02, down $1.52Mar. feeder…Continue Reading

Kennedy talks ag during confirmation hearing

The Trump administration’s nominee for Secretary of Health and Human Services was fielding questions about his stance on ag issues from the U.S. Senate Finance Committee on Wednesday.  Robert F. Kennedy, Jr. shared his thoughts on the state of farming in the U.S. “Agronomists now estimate if we continue doing these processes, we only have…Continue Reading

Another rise in broiler sets, placements

The USDA’s reporting another year-over-year gain in broiler sets and placements as producers try to meet demand. 249.708 million broiler-type eggs entered incubation last week, rising 1.745 million on the week and 4% on the year, with average hatchability at 79%. 192.137 million broiler-type chicks went into meat production, an increase of 815,000 from the…Continue Reading

Iowa Pork seeks FAD resources during Iowa Legislative Session

The Iowa Pork Producers Association is tracking some animal health issues during the ongoing Iowa Legislative Session. IPPA Public Policy Director Ben Nuelle says, “One of our top priorities at the Statehouse, as we’ve done for the last several years, is continuing to support Secretary Mike Naig’s appropriations request for foreign animal disease preparedness.” He…Continue Reading

Assessing the brief U.S.-Colombia dispute

An ag economist says he’s keeping a close eye on tensions between the U.S. and Colombia. University of Missouri’s Ben Brown says Colombia is a major importer of U.S. ethanol. “Ethanol trade with Colombia is a growing industry. We’ve seen some movement on that front the last couple years with the Colombian government willing to…Continue Reading

Illinois Grown label debuts

Consumers in Illinois will soon be able to quickly identify products grown in-state.                Raghela Scavuzzo, executive director of the Illinois Specialty Growers Association, says the new Illinois Grown label, which officially debuts today, builds off the successful Illinois Products program. “They’re gonna launch what’s called Illinois Grown.”  She says, “This is specific for products grown…Continue Reading

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