Farmers and farm organizations continue to express concerns about USDA’s proposed changes to the Federal Milk Marketing Order system. American Farm Bureau Federation economist Danny Munch told a group of farmers, economists, and industry experts Farm Bureau still wants to see mandatory cost of production surveys to justify any increase in the make allowances, the…… Continue Reading
Market analyst: corn market harvest lows likely in
A market analyst says he thinks the corn market has hit harvest lows and it might not be a bad time to market new crop corn. Tim Marsh with Summit Commodities says the weekly charts hit lows around $3.60 in the September contract before it expired and higher corn prices hit on October 2. “We…… Continue Reading
Easy to second guess with these markets
Corn and soybean farmers might be second guessing marketing decisions this harvest season. Josh Hitzhusen from Rockwell in north-central Iowa was recently asked by Brownfield about his approach to selling. “Probably the wrong one. Marketing is something that we’ve all felt lacking in the last couple years. I’ve talked to very few people that really…… Continue Reading
Illinois Livestock Development Group facilitating industry growth
A northwestern Illinois cattle producer says the Illinois Livestock Development Group is helping to facilitate investments in the industry across the state. Ellen Rahn, who’s family operation is based in Carroll County, tells Brownfield… “Whether they’re looking to establish new buildings, or making improvements on old ones,” she says. “Also helping that younger generation come…… Continue Reading
India shows short and long-term market potential for U.S. corn
The president of the Iowa Corn Growers Association sees short and long-term market potential in India. Stu Swanson recently visited the country on a trade mission with Iowa’s governor and secretary of agriculture. “This is a mission that we’re building markets for the future. It probably isn’t going to impact my operation, but it certainly…… Continue Reading
Cash cattle trade remains at a standstill
Chicago Mercantile Exchange live and feeder cattle futures were mixed, with boxed beef mixed at midday, waiting for the week’s direct business. December live was down $1.30 at $186.40 and February was $.65 lower at $187.75 November feeders were down $.42 at $248.12 and January was up $.47 at $242.55. Direct cash cattle trade remained…… Continue Reading
Closing Grain and Livestock Futures: October 3, 2024
Dec. corn closed at $4.28 and 1/4, down 4 and 1/4 centsNov. soybeans closed at $10.46, down 10 centsDec. soybean meal closed at $332.50, down $7.90Dec. soybean oil closed at 44.53, up 89 pointsDec. wheat closed at $6.03 and 1/2, down 11 and 3/4 centsDec. live cattle closed at $186.40, down $1.30Nov. feeder cattle closed…… Continue Reading
Southeast Iowa harvest update
A southeast Iowa farmer says soybean harvest progress continues to be steady and yields have been better than expected. Tim Meyer raises corn and soybeans in Henry County. “Yields are running anywhere from the low to mid 70s to the mid to high 80s. I just can’t complain about that. There’s a lot of beans…… Continue Reading
Cattle producer says feed costs have been manageable
A southwest Iowa cattle producer says it’s been a calm start to the fall. Justin Ewalt says some input prices have leveled out. “Feed costs are manageable at the moment. We’ve had a stretch here where cattle prices are pretty high on the fat side of things.” He tells Brownfield a few challenges continue to…… Continue Reading
Soybeans, corn see harvest pressure
Soybeans were lower on fund and technical selling. U.S. harvest weather looks generally favorable in much of the region into mid-month. There’s rain in the forecast for dry parts of Argentina and Brazil, recharging soil moisture and likely boosting planting. U.S. export sales were down on the week at a still solid 53 million bushels,…… Continue Reading
