RMA yield numbers mean payments for many producers

A professor of farm management at the University of Illinois says many farmers that took the Enhanced (ECO) or Supplemental (SCO) Coverage Options on crop insurance in 2024 will see payments. Gary Schnitkey says county corn and soybean yield data released by the Risk Management Agency (RMA) will trigger payments in specific areas of the…Continue Reading

Cattle futures lower to end the week

Cattle futures lower to end the week

At the Chicago Mercantile Exchange, live and feeder cattle were lower, pressured by the weakness in cash business ahead of Friday’s On Feed report.  August live cattle closed $1.85 lower at $209.82 and October live cattle closed $1.87 lower at $207.35.  August feeder cattle closed $1.72 lower at $302.45 and September feeder cattle closed $1.57…Continue Reading

Closing Grain and Livestock Futures: June 20, 2025

Jul. corn closed at $4.28 and 3/4, down 4 and 3/4 centsJul. soybeans closed at $10.68, down 6 and 3/4 centsJul. soybean meal closed at $284.10, down 80 centsJul. soybean oil closed at 54.47, down 30 pointsJul. wheat closed at $5.67 and 3/4, down 6 and 1/2 centsAug. live cattle closed at $209.82, down $1.85Aug.…Continue Reading

Watch cattle for signs of heat stress

An extension beef veterinarian encourages cattle producers to monitor livestock during the current heatwave. Grant Dewell with Iowa State University says most cattle in the Midwest are bred for cooler climates. “So anytime it gets above 75, 80 degrees, they’re dealing some with heat stress.  And when it gets up to 95 to 100 (degrees),…Continue Reading

Building international trade relationships for the US wheat industry

Ohio Corn and Wheat’s director of market development says continuing to expand international trade relationships could benefit the U.S. wheat industry. Wendy Osborn says the quality of U.S. wheat sets it apart from other competitors on the global market. “With a plentiful supply and a great wheat crop, we produce more than what we can…Continue Reading

USDA says milk production went up in May

The USDA says milk production went up again in May.  Production nationwide rose 1.6% and the 24 major producing states saw production rise 1.7%. The 24 major dairy states produced 19.1 billion pounds of milk in May.  USDA also revised the April production up one-tenth of a percent. Production per cow averaged 2,125 pounds in…Continue Reading

May cattle placements 8% below last year

Fewer cattle entered U.S. feedlots in May 2025 than May 2024. The USDA says placements on feed last month were 1.886 million head, down 8% on the year and below the average pre-report estimate. Those lighter placements were partially due to diminished supplies caused by a ban on live cattle imports from Mexico because of…Continue Reading

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