An economist with the American Farm Bureau Federation says the United States’ lack of participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership is impacting ag exports. Betty Resnick tells Brownfield, “We’re specifically seeing that impact exports to Asia and as the CPTPP is entering into force for a lot of our big trading…… Continue Reading
Chicago Mercantile Exchange live and feeder cattle futures were pressured by profit taking ahead of this week’s widespread direct business. April live was down $.75 at 4187.25 and June was $.25 lower at $183.27. April feeders were $1.30 lower at $255.87 and May was down $.92 at $257.77. Direct cash cattle trade had some packer…… Continue Reading
Farmer sentiment has improved modestly month-over-month but is still well below year-ago levels, according to the latest Purdue University/CME Group Ag Economy Barometer. Jim Mintert with Purdue’s Center for Commercial Agriculture tells Brownfield it was a fairly small move. “People did become just a little bit more optimistic about the future,” he says. “The future…… Continue Reading
Keystone Cooperative has announced it’s officially servicing farmers across parts of the Eastern Cornbelt. The Indiana-based company joins Ceres Solutions and Co-Alliance with a focus on energy, agronomy, grain, animal nutrition, and swine production. The cooperative’s combined workforce includes nearly 1,700 employees to support 20,000 farmer-owners in Illinois, Indiana, Michigan, and Ohio. Kevin Still, former…… Continue Reading
An ag technology specialist says farmers are quickly adopting digital solutions to stay ahead of potential farm management regulations. Ryan DeMorrow, Great Lakes Technology Specialist with Wilbur-Ellis, points to work underway in the Western Lake Erie Basin. “Using topsoil mapping, getting a better idea of what that actual acre is holding in terms of phosphorus,” he…… Continue Reading
May corn closed at $4.28 and 3/4, up 2 and 1/2 centsMay soybeans closed at $11.48 and 1/4, down 3/4 centMay soybean meal closed at $330.40, up 50 centsMay soybean oil closed at 45.32, up 28 pointsMay wheat closed at $5.31, down 20 centsApr. live cattle closed at $187.25, down 75 centsApr. feeder cattle closed…… Continue Reading
Soybeans were modestly lower on fund and technical selling. Weather continues to look mostly favorable in South America, with rain in the near-term forecast for many areas. The USDA’s new estimates for South American soybean production are out Friday, with CONAB’s updated outlook for Brazil on the 12th. No significant adjustments are expected for the…… Continue Reading
Plus, there may be a few new categories in 2024. Continue reading…… Continue Reading
The combined U.S. and Canadian cattle, hog, and sheep herds have gotten smaller. That decline is largely due to producer concerns about profitability and increased export competition. In a joint report from the USDA and Statistics Canada, the combined hog herd at the end of December 2023 was slightly lower than the year before, with…… Continue Reading
U.S. broiler numbers were mixed last week. The USDA says 242.91 million eggs went into incubation, slightly lower than the previous week, but a little bit above a year ago, heading into meat production later this month. Average hatchability was 79.1%. 186.593 million chicks were moved into meat production, up modestly on the week, but…… Continue Reading
