Ethanol stocks decline as refiners cut inputs and exports slow

The domestic ethanol supply fell to a multi-week low. The U.S. Energy Information Administration says stocks of 21.968 million barrels were the tightest since mid-October, down 339,000 on the week and 901,000 on the year, despite generally unfriendly demand signals. The Renewable Fuels Association says net inputs of ethanol purchased by refiners and blenders dropped…Continue Reading

An optimistic future for soybean exports

The chair of the U.S. Soybean Export Council says she remains optimistic about the future of soybean exports. Michigan farmer Jana Fritz says efforts to reduce reliance on China have paid off, but, “The research shows that we can’t replace China. We really value that relationship and need to ensure that we have a component within the Chinese…Continue Reading

Cash dairy prices mixed entering holiday

Cash dairy prices were mixed Wednesday at the Chicago Mercantile Exchange.  Dry whey was down $0.0075 at $0.7325.  Seven sales were recorded, ranging from $0.7325 to $0.74.  Forty-pound cheese blocks were down $0.0050 at $1.47.  One sale was recorded at $1.4725.  Cheese barrels remained unchanged at $1.5825.  No sales were recorded.  Butter prices rebounded some Wednesday, up $0.02 at $1.45. Ten sales were recorded, ranging from $1.43 to $1.45.  Nonfat dry milk was down $0.0175 at $1.1425.  Four sales were recorded, ranging from $1.1425 to $1.1450.  The Chicago Mercantile Exchange will be closed for the Thanksgiving…Continue Reading

Big Iron co-founder says demand keeps Midwest land prices firm

The co-founder of Big Iron Auctions says the farmland market has been holding firm across the Midwest. Mark Stock tells Brownfield quality ground is trending higher while marginal land is steady to fractionally lower. “In Missouri we just sold some land in Holt County that averaged over $15,000 an acre. Some parcels brought $17,000 and…Continue Reading

Nebraska ag industry weighs next steps after Tyson plant closure

Members of Nebraska’s ag industry are evaluating their next steps after the announced closure of a beef processing facility. Craig Uden, president-elect of Nebraska Cattleman’s and part owner of Darr Feedlot says his operation shipped cattle weekly to Tyson’s Lexington plant and has already contacted other regional facilities. “We have a new plant that’s about…Continue Reading

Naig says Southeast Asia trade mission strengthened key ag relationships

Iowa’s Ag Secretary says a recent trade mission to Southeast Asia helped strengthen relationships with export partners. Mike Naig tells Brownfield Vietnam and Indonesia represent significant opportunities for U.S. ag products. “Southeast Asia, generally, is a really important region and a great opportunity,” he said. “There are some economies with growing populations, young populations, an…Continue Reading

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