The CEO of the US Meat Export Federation says developing relationships with key trading partners is critical to demand continuity when there’s uncertainty in the market. Dan Halstrom says the organization operates offices in more than 20 countries globally. “We have a little over 100 staff outside the U.S.,” he says. “They’re on the ground…… Continue Reading
Market volatility can bring opportunity
An agricultural economist with Advance Trading says trade uncertainty is causing elevated market volatility. “It can be viewed as fear, or it can be viewed as opportunity.” Brian Basting tells Brownfield farmers need to focus on their marketing plan and variables within their control. “There’s just so much going on right now, whether it’s tariffs,…… Continue Reading
Cattle futures sharply higher at midweek
At the Chicago Mercantile Exchange, live and feeder cattle closed sharply higher on the rebound in the boarder markets, ahead of the week’s direct business. June live cattle closed $4.75 higher at $198.37, and August live cattle closed $4.55 higher at $195. May feeder cattle closed $6.47 higher at $278.20 and August feeders closed $5.65…… Continue Reading
Closing Grain and Livestock Futures: April 9, 2025
May corn closed at $4.74, up 5 centsMay soybeans closed at $10.12 and 3/4, up 20 centsMay soybean meal closed at $294.50, up $3.50May soybean oil closed at 46.19, up 125 pointsMay wheat closed at $5.42 and 1/4, up 2 and 1/4 centsJun. live cattle closed at $198.37, up $4.75May feeder cattle closed at $278.20,…… Continue Reading
ISDA offering funding to help improve the state’s food supply chain
The Indiana State Department of Agriculture continues to invest in the long-term stability of the state’s food system. Deputy Director Katie Nelson says the agency has awarded more than $6.7 million to 17 businesses across the state. “These businesses are going to be providing economic and regional benefits to their local communities,” she says. “When…… Continue Reading
Soybeans, corn, wheat up after tariff pause
Soybeans were higher on fund and technical buying. Some tariff increases have been paused for 90-days, but that does not include China, which now has a rate of 125%. Pending further negotiations, tariffs against most nations are now at 10%, aside from previously reported exemptions. Unknown destinations bought 198,000 tons of 2024/25 U.S. beans ahead…… Continue Reading
Price still a factor in acreage decisions
A senior research economist at MU’s Food and Ag Policy Research Institute says there could be even fewer acres of U.S. soybeans planted this spring if prices remain volatile. Bob Maltsbarger says November soybean prices dropped and recently bounced back some this month as trade challenges continue with a top market for U.S. soybeans. “What…… Continue Reading
Price remains a factor in acreage decisions
A senior research economist at MU’s Food and Ag Policy Research Institute says there could be even fewer acres of U.S. soybeans planted this spring if prices remain volatile. Bob Maltsbarger says November soybean prices dropped and recently bounced back some this month as trade challenges continue with a top market for U.S. soybeans. “What…… Continue Reading
Cattle price outlook might be subject to demand
Cattle prices remain a bright spot in a time of uncertainty. Pat Westhoff with the University of Missouri’s Food and Ag Policy Research Institute says record high cattle prices will likely be sustained for the next few years. “Even if people start saving back heifers, it will take a few years for that to…… Continue Reading
A mixed week for broiler numbers
U.S. broiler numbers were mixed last week. The USDA says 254.898 million broiler-type eggs were set into incubators, falling 257,000 on the week, but rising 1% on the year, with average hatchability of 78.7%. 191.195 million broiler-type chicks entered meat production, up 84,000 from the previous week, but down slightly from a year ago, with…… Continue Reading
