Closing Grain and Livestock Futures: September 4, 2024

Dec. corn closed at $4.12 and 3/4, up 3 and 1/2 centsNov. soybeans closed at $10.21 and 1/2, up 9 and 1/2 centsOct. soybean meal closed at $325.80, up $8.40Oct. soybean oil closed at 40.72, down 76 pointsDec. wheat closed at $5.80 and 3/4, up 14 centsOct. live cattle closed at $179.22, down 5 centsOct.…Continue Reading

Risk management more critical in ag downturns

A product analyst with Country Financial says risk management is key for farmers as the ag economy slows down. Brian Davis tells Brownfield… “Crop insurance in a down price year is probably more critical than the opposite.”  He says, “When you’ve got fewer dollars to work with, your margin of error is much smaller.” He says…Continue Reading

Soybeans, corn, wheat extend gains

Soybeans, corn, wheat extend gains

Soybeans were higher on fund and technical buying, rallying after overnight losses. The USDA’s national crop rating was down slightly on the week but is holding above a year ago. Forecasts for much of the Midwest generally look dry into mid-month, which could trim yields, especially after what was a dry August in some key…Continue Reading

Protect our Produce says federal wage mandates need to change

Eight Michigan farm groups have formed a coalition to elevate farm labor issues ahead of the November election. “We hope to leverage Michigan status as a battleground state this fall to fix this broken system.” Jamie Clover Adams with Product Our Produce tells Brownfield federally mandated wage increases for H-2A guest workers are unsustainable for…Continue Reading

Precision ag technology a focus for New Holland

New Holland precision ag technology lead Paul Welbig says the company’s FieldOps farm management platform is versatile and easy to use. Speaking to Brownfield at the 2024 Farm Progress Show near Boone, Iowa last week, he said a goal was to make FieldOps simple to use and easier to adopt. The post Precision ag technology…Continue Reading

Delta to get some rain before turning dry

An ag meteorologist says the Delta will get additional rains heading into the weekend, building on the moisture received over Labor Day weekend. Drew Lerner with World Weather Incorporated says it’s welcome start to September after the region experienced mostly dry, crop stressed August. “It will probably fall Thursday through Saturday and southern parts of…Continue Reading

Corn is drier-than-usual in SEMO

Southeast Missouri farmer Clint Stephens is harvesting a drier-than-usual corn crop. “We picked some that were 13 to 15% and the wettest corn we’ve picked is 17.5% moisture.” Stephens is from Stoddard County and says the corn usually goes through the dryer before heading to the elevator, but that’s not the case this year due…Continue Reading

2024 broiler sets, placements stay ahead of 2023 pace

Broiler sets and placements continue to trend above year ago levels, pointing to higher production in 2024. The USDA says 247.754 million broiler-type eggs entered incubators last week, up 162,000 from the week before that and 5% larger than a year ago, with average hatchability improving to just under 80%. Placements of 193.091 million broiler-type…Continue Reading

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