Sep. corn closed at $3.96, down 3 and 1/4Aug. soybeans closed at $10.04 and 1/4, down 8 and 1/4 centsAug. soybean meal closed at $270.30, down $1.10Aug. soybean oil closed at 53.75, up 26 pointsSep. wheat closed at $5.45, down 9 and 1/2 centsAug. live cattle closed at $222.20, up $2.97Aug. feeder cattle closed at…… Continue Reading
Cash hogs sharply lower on Friday
Chicago Mercantile Exchange live and feeder cattle futures were sharply higher on the direct cash strength during the session. Additionally, there are some supply questions due to the suspension of live cattle imports from Mexico and proposed tariff on Brazil, which would impact beef imports. Feeders picked up additional support from the lower move in…… Continue Reading
Soybeans, corn, wheat end Friday, week with losses
Soybeans were lower on fund and technical selling, adding to what would have already been a down week. The USDA lowered its production guess slightly to 4.335 billion bushels due to acreage changes, while raising new crop U.S. ending stocks to 310 million bushels on a reduced export estimate, now seen at 1.745 billion bushels…… Continue Reading
USDA expects more cows, more milk, more dairy products
USDA’s latest supply and demand estimates say the U.S. will produce more cows, more milk, and more production in July. More cows plus more milk-per-cow have put milk production forecasts for this year and next higher. USDA projects July milk production will be 228.3 billion pounds, up from 227.8 billion in June. Looking ahead to…… Continue Reading
All about rain & protecting potential
An agronomist with Beck’s Hybrids says the corn and soybean crops in his area are set up for a good season. Chad Kalaher, who covers the northeast quarter of the state, says it’s now all about the rain. “We’re in a real critical time.” He says, “You get rainfall somewhere in that 10 days around…… Continue Reading
Nitrogen deficiency popping up in Indiana
Purdue University Extension’s corn specialist says nitrogen deficiency in some parts of the state could impact the crop as it approaches pollination. Dan Quinn says periods of heavy rainfall contributed to nitrogen loss. “There’s a pretty good indication that in some of these areas of the state that have caught 5 to 6 or 7 to 8…… Continue Reading
USDA 2025 pork, broiler estimates up on month
The USDA raised its 2025 pork and broiler production projections, while cutting beef, turkey, and egg expectations. Beef production is now pegged at 26.188 billion pounds, 170 million less than June on a slower slaughter pace and lighter dressed weights, with an average steer price of $221.31 per hundredweight, down $.20, along with higher imports…… Continue Reading
President Trump addresses dairy trade in letter to Canada
U.S. dairy leaders are pleased to see trade issues with Canada remain on President Trump’s radar. Shawna Morris with the U.S. Dairy Export Council says, “I think the President recognizes that’s the track record we’ve seen from Canada, which is why he continues to harp on the issue.” Morris tells Brownfield President Trump again brought…… Continue Reading
Port of Catoosa helping Great Plains
The executive director of the Tulsa Ports says the inland waterway system provides a cost-effective option for farmers to transport ag commodities. “The fact that we’re there competing with those rail rates keeps those rail rates lower.” David Yarbrough says the Port of Catoosa, in northeast of Tulsa, allows farmers in the Great Plains to ship fertilizer,…… Continue Reading
Winter wheat harvest slowly wrapping up in Kansas
Winter wheat harvest is wrapping up across Kansas. Ben Bellar raises soft red winter wheat in Elk County says he finished earlier this/last week and yields have been above average. “It’s been very, very slow. We had a lot of down wheat this year. We ended up purchasing a stripper header trying to speed the…… Continue Reading
