Shellady: Farmers continue to face challenging soybean prices

A commodity market specialist says farmers continue to deal with sagging corn and soybean prices. Scott Shellady, also known as The Cow Guy, says November new crop soybeans are just off the $10 line. “We need to see the prices up around $11 really,” he said. “We’ve had weather that has not been threatening. Yes,…Continue Reading

Trade deal certainty needed

The board chair of the Soy Transportation Coalition says farmers need trade certainty. Mike Koehne says the recently announced trade agreements need to be finalized sooner rather than later. “We export 63% of our soybeans, so we’ve got to get rid of these beans somewhere along the line,” he says. “Every trade deal is important and…Continue Reading

Cash dairy prices steady to higher Thursday

Cash dairy prices were steady to higher Thursday on the Chicago Mercantile Exchange.    Dry whey remained unchanged at $0.5725.  No sales were recorded.  Forty-pound cheese blocks were up $0.0150 at $1.64. Eleven sales were recorded, ranging from $1.63 to $1.64.  Cheese barrels remained unchanged at $1.65. No sales were recorded.  Butter prices were unchanged at…Continue Reading

Midday cash livestock markets

Midday cash livestock markets

Trade activity remains to be seen in cash cattle country. The week has been very quiet with bids not being renewed as of Thursday. Packer inquiry is expected to improve at some point, but trade volume will likely be delayed until sometime on Friday. Asking prices are around $232-plus in the South, but still not…Continue Reading

Soybean product export sales up on week

The USDA says U.S. export sales were mostly down on the week, but there were still a few highlights. Soybean meal sales during the week ending July 10th were above a week ago thanks to strong feed demand from the Philippines, while bean oil sales were up, mainly to Venezuela, which imports most of its…Continue Reading

New World screwworm threatens entire U.S. cattle herd

Ag officials in the Upper Midwest are warning livestock producers not to ignore the threat of New World Screwworm. Minnesota State Veterinarian Dr. Brian Hoefs says many people falsley think the northern climate is a strong enough deterrent for tropical pests like NWS, but that’s not the case. Minnesota State Cattlemen’s Association executive director Kaitlyn…Continue Reading

EU weighs retaliatory tariffs, Rep. Bacon says farmers are usually hardest hit

Nebraska Congressman Don Bacon says the President’s tariff strategy creates more questions than answers for ag producers. “I think it’s dangerous for our farmers. When other countries want to retaliate, they do it against our farmers.” The European Commission trade spokesperson told reporters this week that the EU is weighing potential retaliatory duties on US…Continue Reading

Grassley seeks Prop 12 fix in next farm bill

A U.S. Senator from Iowa says the next farm bill needs to address concerns related to Proposition 12. “We better because we can’t let states regulate interstate and foreign commerce,” said Republican Chuck Grassley. Proposition 12 bans the sale of pork, veal, and eggs in California from animals anywhere in the country whose confinement does…Continue Reading

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