Cattle, hog futures mixed to end the week

Cattle, hog futures mixed to end the week

At the Chicago Mercantile Exchange, live and feeder cattle were mixed, watching direct business finish out the week. October live cattle closed $.35 lower at $183.75 and December lives closed $.35 lower at $184.47.  October feeder cattle closed $.15 higher at $247.07 and November feeders closed $.72 higher at $245.70.  Direct cash cattle trade was…Continue Reading

Strong end to the week for soybeans, soybean meal

Soybeans were higher on fund and technical buying, cementing a solidly higher weekly finish. The trade was monitoring harvest delays in the southeast against faster activity in other parts of the region. That disparity should be reflected in Monday’s weekly crop progress and condition numbers. There was more talk of new U.S. soybean purchases by…Continue Reading

Closing Grain and Livestock Futures: September 27, 2024

Dec. corn closed at $4.18, up 4 and 3/4 centsNov. soybeans closed at $10.65 and 3/4, up 24 and 3/4 centsOct. soybean meal closed at $343.70, up $19.50Oct. soybean oil closed at 42.18, down 74 pointsDec. wheat closed at $5.80, down 4 and 1/4 centsOct. live cattle closed at $183.75, down 35 centsOct. feeder cattle…Continue Reading

Fewer U.S. turkeys in 2024

The U.S. is expected to raise fewer turkeys in 2024 than 2023. The USDA projects a 6% year-to-year decline in the number of turkeys raised to 205 million head as farmers try to improve profitability while responding to demand expectations. Nearly all major states are expected to see a decrease, including a 13% drop in…Continue Reading

Grants announced for beginning farmers, livestock producers in Minnesota

A new grant will support beginning farmers in Minnesota who purchase farm equipment and farm infrastructure development. Minnesota Department of Agriculture Commissioner Thom Petersen tells Brownfield up to $20,000 is being made available to reimburse costs for water lines, storage units, fencing, and more. “We’re kind of interested to see how much this is, we…Continue Reading

Farm income up August, input costs lower

U.S. farm income shot higher in August as input costs moved lower. The USDA says the index of prices received by farmers was up 3.8% from July on increases for milk, market eggs, strawberries, and peaches, which canceled out decreases in corn, soybeans, cotton, and broilers. The  dairy index for August 2024 was up 3.5%…Continue Reading

$58 million available for organic dairies

The USDA has announced $58 million in marketing assistance is available for organic dairy farmers. The funding through the Organic Dairy Marketing Assistance Program provides cost-share payments on up to nine million pounds of milk for producers. The USDA says the program supports keeping the organic dairy market sustainable until markets return to more normal…Continue Reading

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