Closing Grain and Livestock Futures: December 9, 2024

Mar. corn closed at $4.41 and 3/4, up 1 and 3/4 centsJan. soybeans closed at $9.90, down 3 and 3/4 centsJan. soybean meal closed at $289.60, up $2.20Jan. soybean oil closed at 42.80, down 17 pointsMar. wheat closed at $5.58 and 3/4, up 1 and 1/2 centsFeb. live cattle closed at $187.02, up 85 centsJan.…Continue Reading

Trump 2.0 comes with some uncertainty, and expected ups and downs

An ag policy expert says he expects a lot of uncertainty as President-elect Trump prepares for his second term. Jim Wiesemeyer says there are some concerns for agriculture in his second term, but there are some opportunities. “One is deregulation,” he says. “One of his signature issues during his first administration was deregulation. For every…Continue Reading

Motion to remove IFB president shot down

The Illinois Farm Bureau (IFB) delegation continues to grapple with the association’s expulsion from the American Farm Bureau Federation.   Monday morning’s delegate session started with a motion from the floor to add the removal of current IFB president Brian Duncan to the meeting’s agenda. Christian County Farm Bureau president Matt Heberling tells Brownfield the move…Continue Reading

Corn, soybean export inspections up on year

The USDA says corn, soybean, and wheat export inspections as of the week ending December 5th remain ahead of the pace needed to meet projections for the current marketing year. The 2024/25 marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next round of supply and…Continue Reading

ASA and WISHH highlight importance of emerging markets

The executive director of the World Initiative for Soy in Human Health says growing populations are driving demand for more protein. Gena Perry says the industry is targeting new markets for U.S. soy, which helps boost demand. “The FAO, Food and Agriculture Organization of the United Nations, sees that animal protein is expected to double by…Continue Reading

St. Lawerence Seaway supporting actor for ag exports

The Soy Transportation Coalition executive director says the St. Lawerence Seaway is helping diversify agricultural export channels. Mike Steenhoek tells Brownfield, “The Great Lakes can and should play a bigger role in farmers being competitive in the international marketplace.” “It’s never going to rival the Mississippi Gulf or the Pacific Northwest, but it’s one of…Continue Reading

U.S. cheese export volumes hit monthly high for October

The U.S. Dairy Export Council says higher commodity prices and improved high-value product sales bumped October export values despite a decline in shipments. Total U.S. dairy export values were up 11 percent from last year to $695.7 million while volumes declined by two percent. Shipments of cheese were up 12 percent year over year and…Continue Reading

Risk management remains crucial for cattle producers

A market specialist for the Missouri Department of Agriculture says several sale barns around the country notched record high prices for cattle last week. Tony Hancock says it should serve as a reminder for producers. “When prices get to record highs, eventually they are going to turn and head the other way,” he says.  He…Continue Reading

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