At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking and technical selling ahead of the week’s widespread direct business. April live cattle closed $2.97 lower at $186.95 and June lives closed $2.67 lower at $183.37. April feeder cattle closed $4.67 lower at $251.17 and May feeder cattle closed $3.77 lower at…… Continue Reading
Illinois farmers who enrolled in the state’s “Fall Covers for Spring Savings” program saw a discount on their crop insurance premiums this year. Director of Agriculture Jerry Costello tells Brownfield… “We’re in our fifth year.” He says, “The program has been unbelievable. The first year we had 50,000 acres allotted. It took us 12 days…… Continue Reading
May corn closed at $4.33 and 3/4, down 7 and 1/2 centsMay soybeans closed at $11.95 and 1/4, down 1 and 1/2 centsMay soybean meal closed at $337.40, up $1.00May soybean oil closed at 48.39, down 18 pointsMay wheat closed at $5.32 and 1/4, down 12 centsApr. live cattle closed at $186.95, down $2.97Apr. feeder…… Continue Reading
Soybeans were mixed, with most contracts still able to hold onto part of the early gains but closing well below the highs. Domestic crush demand continues to be strong, canceling out some of the concerns about slow exports. U.S. export sales last week were 13.8 million bushels, down on the week, but up from the…… Continue Reading
Indiana Farm Bureau says banning the sale of ag land to foreign adversarial countries is one of the organization’s top legislative victories this year. President Randy Kron says the General Assembly got the language right. “We’re not going make them sell out or leave and push them out of Indiana,” he says. “But they’re not…… Continue Reading
JBS and Tyson Foods will pay more than $127 million as part of a settlement in an employee wage-fixing case. The lawsuit claimed the two meat packing giants allegedly took part in a conspiracy to suppress meat industry wages. As part of the settlement, Tyson will pay $72.3 million in compensation and JBS agreed to…… Continue Reading
A northeast Missouri farmer says outside of precipitation, profitability is his biggest concern for the 2024 growing season. Brian Threlkeld farms near Shelbina. “If you don’t have, I call it old money, and you’re the new generation, and you’re trying to make it all work,” he says. “It gets tough.” He tells Brownfield the economics…… Continue Reading
Milk futures were higher except in March and May, and the cash dairy markets were steady to higher Thursday on the Chicago Mercantile Exchange. March Class III milk was down $0.05 at $16.47. April was up $0.06 at $16.25. May was down $0.01 at $16.76. June was up $0.05 at $17.56. July through January contracts…… Continue Reading
The ag advisor with the Environmental Protection Agency says the Biden administration continues to review updates to the Greenhouse Gases, Regulated Emissions and Energy Use in Technologies or GREET model. Rod Snyder says “we’re trying to get it right and want to make sure the science is sound behind the way the model update is…… Continue Reading
The chairman of the House Agriculture Committee says lawmakers are going to do their best to get a farm bill completed in 2024. Glenn “GT” Thompson tells Brownfield “I can’t control the Senate, but I think it will be helpful for the House with the work that we’ve done to pass something out of committee.”…… Continue Reading
