McBee Dynasty’s Steve McBee Sr. has been sentenced after pleading guilty to a $4M federal crop insurance fraud scheme. Continue reading…… Continue Reading
Forrest Frank Responds to Jelly Roll After Social Media Beef
‘I love these questions and I don’t think we should ever shy away from them as believers,’ Frank said. Continue reading…… Continue Reading
Farmers keep steady as trade tensions increase
The chief commodities economist with StoneX Group says farmers are sticking with their marketing plans as trade tensions increase between the U.S. and China. Arlan Suderman talks more about grain marketing, prices, demand and trade in the latest MFP episode. The post Farmers keep steady as trade tensions increase appeared first on Brownfield Ag News.…… Continue Reading
Economist says U.S. dairy producers should shift focus from butterfat
A recent report shows U.S. dairy producers have excelled at producing butterfat and should consider shifting their focus to producing more protein instead. Economist Corey Geiger with CoBank tells Brownfield of the top three dairy exporters, the U.S. has grown its production of milk components significantly without a big jump in milk production. “The U.S.…… Continue Reading
Analyst: U.S. can’t quickly replace lost Chinese demand
The Trump administration is exploring ways to offset lost ag exports to China, but a market analyst says there’s no quick and easy way to make that happen. Ted Seifried with Zaner Ag Hedge says “it really feels like they’re desperately trying to find any solution to a problem that doesn’t have a near-term solution.”…… Continue Reading
Rollins: long-term market development key to reducing farm bailouts
Ag Secretary Brooke Rollins says market development is key to reducing the amount of ad-hoc assistance going to farmers. Rollins told reporters a long-term plan is needed to make that happen. “As all these new trade deals go into effect in the next six to eight to 12 months, you will see, hopefully, a movement…… Continue Reading
Policy shift needed to break ethanol blend wall and boost corn prices, says NCGA
The National Corn Growers Association’s chief economist says policy change is needed to lift the ceiling on ethanol production and create additional demand for farmers. Krista Swanson tells Brownfield corn used for ethanol has been mostly stagnant since 2010. “We’re sort of at this, what we call the 10 percent blend wall, and without some regulatory…… Continue Reading
Cattle futures higher, hogs lower heading into Friday
At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of widespread direct business. December live cattle closed $1.19 higher at $247.87 and February live cattle closed $.80 higher at $249.55. November feeder cattle closed $.27 higher at $380.95 and January feeder cattle closed $.70 higher at $378.55. There was a very light…… Continue Reading
NFU urges action as family farmers face mounting economic pressure
The president of the National Farmers Union says the organization’s members are increasingly alarmed about the worsening state of the ag economy. “A lot of family farmers and ranchers out there are really under a lot of economic pressure.” Rob Larew says the group is pleased the Trump administration has pledged to investigate potential anti-trust…… Continue Reading
Corn up as U.S. harvest shows lower yields, ethanol production increases
Soybeans were higher on commercial and technical buying. Beans found support near the recent lows, watching the U.S. harvest and South American planting. U.S. harvest weather looks good, aside from some rain delay chances late this week into the weekend, and South American planting conditions are generally favorable, but there are emerging concerns about dry…… Continue Reading
