NCGA representative hopeful for resolution to Mexico’s GM corn ban

A policy expert with the National Corn Growers Association says she’s hopeful the Mexican decree banning genetically modified corn imports will be overturned before the end of the year. Nancy Martinez says U.S. lawyers made good arguments at a June hearing to show Mexico’s decree violates provisions under the U.S.-Mexico-Canada Agreement. “Mexico has also made…Continue Reading

Hogs futures higher on stronger pork values during the session

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were mostly lower ahead of the week’s direct cash business. October live cattle closed $.05 higher at $179.05, and December lives closed $.20 lower at $178.05. September feeder cattle closed $.67 lower at $240.57, and October feeders closed $.20 lower at $239.02.  Direct cash…Continue Reading

New Michigan Sugar facility doubles molasses processing

A new processing facility is helping Michigan sugarbeet growers capture additional returns from the same acres. Michigan Sugar Company’s Rob Clark tells Brownfield a Molasses Desugarization Facility at the company’s Bay City site is extracting additional sugar from what was previously a byproduct used for animal feed. “We are going to produce 80 million additional…Continue Reading

Dairy Distillery Alliance breaks ground on biofuel project

A new alliance plans to convert a milk byproduct into ethanol for sustainable aviation fuel. Canadian-based Dairy Distillery CEO Omid McDonald tells Brownfield this isn’t the first time the technology has been used. “In the ‘70s, there was a lot of focus on fermenting lactose to make ethanol to power cars during the oil crisis,”…Continue Reading

Ag Economy Barometer slightly improves in June

According to the latest Purdue University/CME Group Ag Economy Barometer, farmer sentiment improved slightly from last month. Jim Mintert with Purdue’s Center for Commercial Agriculture tells Brownfield the rise was surprising. “Given that we saw weakness, especially in corn and soybean prices from June to July, to see the rise in the indexes that rose eight…Continue Reading

Cattle markets, input costs headline Rep. Hinson’s Women in Ag Roundtable

Some cattle producers say they are cautiously optimistic about the continued strength in the markets. Lisa Kubik of Traer tells Brownfield live and feeder cattle futures continue to trade near all-time highs. “Cattle prices the last couple of years have been great,” she said. “As a cattle producer ourselves, we’ve definitely benefited from that.” But…Continue Reading

Closing Grain and Livestock Futures: August 6, 2024

Sep. corn closed at $3.88 and 3/4, down 2 centsSep. soybeans closed at $10.14, down 17 and 1/2 centsSep. soybean meal closed at $330.60, down $8.10Sep. soybean oil closed at 40.85, down 24 pointsSep. wheat closed at $5.43 and 1/4, up 3 and 3/4 centsOct. live cattle closed at $179.05, up 5 centsSep. feeder cattle…Continue Reading

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