Dairy farmer margins encouraging investment

A dairy economist says farmers are ending the year with margins close to all-time highs. Vice President of Global Operations and Insights Alyssa Badger with Highground Dairy tells Brownfield, “Producer margins have been above $10.00 per hundredweight since May and as a result of that we’ve actually seen upward herd revisions at the farm level,…Continue Reading

No holiday lull for grain markets

The senior director of brokerage for CHS Hedging expects a lot of market volatility through the end of the year. Joe Barker says exports have been strong for corn, soybeans, and wheat. “Trade will continue through the coming months, even though there’s a transition in Washington D.C., agriculture continues. So I think you’ll continue to…Continue Reading

Closing Grain and Livestock Futures: November 26, 2024

Dec. corn closed at $4.20, down 4 and 3/4 centsJan. soybeans closed at $9.83 and 1/2, down 2 and 1/4 centsDec. soybean meal closed at $288.10, down $5.60Dec. soybean oil closed at 42.59, up 138 pointsDec. wheat closed at $5.39 and 1/2, up 3 and 3/4 centsDec. live cattle closed at $186.90, up 40 centsJan.…Continue Reading

Live cattle mixed waiting for direct business to develop

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were higher ahead of the week’s direct cash business. Feeders had additional support from the lower move in corn and concerns about availability. December live cattle closed $.40 higher at $186.90, and February lives were unchanged at $187.70. January feeder cattle closed $2.62 higher…Continue Reading

Widmar discusses state of the farm economy

An ag economist says the farm economy is currently a tale of two stories. David Widmar with Agricultural Economic Insights tells Brownfield, “The real pain here is with crop producers. It’s sort of the farm economy with two stories and the one story is livestock is doing better than average, and crop producers are doing…Continue Reading

Where is the fertilizer market headed?

Pictured: Corey Rosenbusch, President and CEO of The Fertilizer Institute, at the 2024 NAFB Convention in Kansas City (Photo by Brent Barnett/Brownfield) The head of The Fertilizer Institute says managing volatility in the fertilizer market wasn’t as big of an issue for farmers in 2024 compared to the last few years. Corey Rosenbusch tells Brownfield…Continue Reading

Ethanol industry seeks E15 fix under second Trump admin

The head of the Iowa Renewable Fuels Association says he’s optimistic a federal solution for year-round E15 will get prioritized under a second Trump administration. Monte Shaw tells Brownfield he remains hopeful the issue will be tackled within the first 100 days of Trump’s presidency. “We’re talking to the incoming Trump team about it, the…Continue Reading

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