Sen. Marshall: No rush on farm bill

U.S. Senator Roger Marshall says he’s in no rush to pass a farm bill. “And people that are pushing us to get one done just for the sake of getting it done, I think are not thinking on the long term basis,” he says. “We need to put farm back in the farm bill, protect crop insurance, help…Continue Reading

Cattle, hog futures lower to end the week

Cattle, hog futures lower to end the week

At the Chicago Mercantile Exchange, live and feeder cattle were pressured by weakness in the cash markets and fund liquidation. August live cattle closed $.70 lower at $184.10 and October live cattle closed $1.65 lower at $182.07.  August feeder closed $3.50 lower at $249.65 and September feeders closed $3.65 lower at $248.15. There was a…Continue Reading

Farmer dollars supporting more competitive infrastructure

The director of the Soy Transportation Coalition says strategic farmer investments are making the U.S. transportation system more competitive. Mike Steenhoek tells Brownfield, “Infrastructure can either be an impediment or barrier to farmer success, or it can be a facilitator of farmer success.” “It all depends upon the degree to which we invest and maintain…Continue Reading

Closing Grain and Livestock Futures: August 2, 2024

Sep. corn closed at $4.03 and 1/4, up 4 and 3/4 centsSep. soybeans closed at $10.18, up 9 centsSep. soybean meal closed at $333.70, up $5.70Sep. soybean oil closed at 41.68, down 79 pointsSep. wheat closed at $5.39, up 7 centsOct. live cattle closed at $182.07, down $1.65Sep. feeder cattle closed at $248.15, down $3.65Oct.…Continue Reading

USTR expected to finalize Section 301 tariff updates soon

The Office of the U.S. Trade Representative is finalizing modifications on tariffs for imported Chinese goods and trade policy specialist says she’s expecting to hear more soon. Virginia Houston with the American Soybean Association says she’s optimistic China won’t retaliate on U.S. ag products. “Of course we’re always concerned when tariffs are in play, just…Continue Reading

Soybeans, corn up Friday, still down on the week

Soybeans were higher on commercial and technical buying, still ending the week in the red. Forecasts by Friday had generally turned warmer and drier into mid-month for parts of the region, hitting beans during key development phases. The trade’s still expecting a large crop and solid yield, but any significant stress would likely limit the…Continue Reading

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