Sep. corn closed at $3.98 and 1/2, down 3/4 centSep. soybeans closed at $10.09, down 5 and 1/2 centsSep. soybean meal closed at $328.00, up 70 centsSep. soybean oil closed at 42.47, down 79 pointsSep. wheat closed at $5.32, up 4 and 3/4 centsOct. live cattle closed at $183.72, down $2.95Sep. feeder cattle closed at…… Continue Reading
RaboResearch calling for weaker near-term pork returns
A pork analyst is expecting weaker returns for producers in the second half. Christine McCracken with RaboResearch tells Brownfield domestic demand has been slow over the summer. “The consumer is just being a little bit more careful when they go out to restaurants trying to cut back and I think that that’s been a big…… Continue Reading
Wheat sees slightly rally, soybeans, corn close lower
Soybeans were modestly lower on speculative and technical selling. Severe storms and stressful temperatures have likely had some impact on the crop, but development conditions have been better in some areas, so the trade sentiment, for now, is everything should balance out. The USDA’s next production update is out August 12th, along with the monthly…… Continue Reading
Central South Dakota wheat has been “really good”
The general manager of Oahe Grain Corporation in central South Dakota says a good winter wheat harvest is wrapping up and promising spring wheat harvest has begun. Tim Luken tells Brownfield a lot of grain elevators in the area are full of winter wheat. “I just got off the phone with a few farmers today…… Continue Reading
Profitability pacing technology adaptation
A pair of Illinois farmers say profitability concerns are the primary factor in adapting new technology. “First and foremost, it’s the bottom line, and the cost, and what that rate of return might be?” Illinois Farm Bureau vice president Evan Hultine, who farms in Bureau County, says it’s a balancing act. “But I think we…… Continue Reading
The potato: from the farm to the grocery store
Potatoes are grown on more than 1 million acres of ground across the United States. Annually, 41.3 billion pounds of potatoes are grown in the United States. Alsum Farms, based in Wisconsin, grows multiple different varieties of potatoes – russets, reds, whites, fingerlings, creamers, organic potatoes, and goldens. AUDIO: Healthy Living with Jeff Huber on…… Continue Reading
Wisconsin State Fair underway
The Wisconsin State Fair began this morning. Sheri Black is the CEO of State Fair Park. She tells Brownfield the show ring is busy and there are plenty of animal exhibits, even though the state requires additional precautions before showing lactating dairy cows. “We have a lot of activity, obviously, in the barns. Our numbers…… Continue Reading
Sen. Marshall says China is taking advantage of U.S. producers on SAF tax credits
U.S. Senator Roger Marshall says countries like China shouldn’t be eligible for new sustainable aviation fuel tax credits. “If China is eligible for this, they’ll figure out a way to cheat,” he says. “Let’s make a tax credit here to benefit American farmers as opposed to the Chinese.” The Kansas Republican says since August 2023,…… Continue Reading
Michigan ag business leader says a refocus on biofuels is needed
The Michigan Agriculture Agri-Business Association says the state’s latest budget showcases values of the administration and a refocus on biofuels is needed. President Chuck Lippstreu tells Brownfield the governor vetoing a $3 million tax credit passed by the legislature is a missed an opportunity to support farmers and rural communities. “It would have benefited Michigan…… Continue Reading
June corn grind, soybean crush up on year
Corn for ethanol use and the soybean crush were mixed during June. The USDA says 442.346 million bushels of corn were used for fuel alcohol production, 3% less than in May, but a little bit more than what was used in July 2023. The month-to-month dip was partially due to disruptions in movement related to…… Continue Reading
