Cattle, hog futures end the week lower

Cattle, hog futures end the week lower

At the Chicago Mercantile Exchange, live and feeder cattle closed lower, pressured by direct cash business.  October live cattle closed $2.45 lower at $178.30 and December live cattle closed $2.50 lower at $178.12.  September feeders closed $4.17 lower at $239.50 and October feeders closed $4.95 lower at $235.95.  Direct cash cattle trade took all week…Continue Reading

Bayer wins Third Circuit Court of Appeals ruling

A U.S. appeals court has ruled federal law protects Bayer from a Roundup lawsuit in Pennsylvania. In a press release, Bayer officials say the Third Circuit Court of Appeals ruled in favor of Monsanto in the Schaffner v. Monsanto case, unanimously finding that the state-based failure-to-warn claims are preempted by the Federal Insecticide, Fungicide, and…Continue Reading

IBA introduces inaugural Illinois Beef Quality Showcase

A member of the Illinois Beef Association’s (IBA) Board of Governors says entries are now open for the inaugural Illinois Beef Quality Showcase. Warren County producer Thad Tharp tells Brownfield it’s a new carcass competition. “Producers throughout the whole state will have an opportunity to donate and take part in putting their cattle on test.” …Continue Reading

Closing Grain and Livestock Futures: August 16, 2024

Sep. corn closed at $3.70 and 1/2, down 4 and 1/2 centsSep. soybeans closed at $9.38 and 3/4, down 12 and 3/4 centsSep. soybean meal closed at $303.40, down $4.50Sep. soybean oil closed at 39.95, up 48 pointsSep. wheat closed at $5.30, up 1 and 3/4 centsOct. live cattle closed at $178.30, down $2.45Sep. feeder…Continue Reading

Holding out hope for a tax bill this year

The chairman of the U.S. House Ways and Means Committee says despite concerns a tax bill might not get passed this year, there’s a chance it could resurrected in the lame duck session of Congress. Jason Smith from Missouri says “it’s the Senate, whether we can pull them along to be productive. They’re a little…Continue Reading

Projections for big crop & big piles in the Corn Belt

The general manager of one of the largest grain cooperatives in central Illinois says they’re gearing up for a big harvest. Derrick Bruhn, at Topflight Grain Cooperative, based in Monticello, says they’re also continuing to work through last year’s crop. “The producer is still holding on to some old crop, so you know that continues…Continue Reading

Soybeans, corn see further weather-related declines

Soybeans were lower on speculative and technical selling, adding to what would have already been a down week. Development weather continues to look generally favorable in much of the region. There are certainly concerns about conditions and yield in some areas, but those are largely being balanced out by much better estimates and growing weather…Continue Reading

Playlist