At the Chicago Mercantile Exchange, live and feeder cattle were higher, with boxed beef up at middays. August live cattle closed $1.709 higher at $212.45 and October live cattle closed $1.90 higher at $209.70. August feeder cattle closed $3.00 higher at $309.02 and September feeder cattle closed $308.87. There was a light round of direct…… Continue Reading
A north-central Iowa farmer says weed pressure has been a mixed bag this year. Brent Renner tells Brownfield every field has been different on his farm. “Depending on what you experience for planting conditions,” he said. “We had some residue issues with soybeans that didn’t allow those beans to get up and going the way…… Continue Reading
A southeast Minnesota farmer has unpriced grain to sell. Ben Storm grows corn and soybeans near Dover. “We’ll start moving old crop corn again here this next week, most of which is priced. But the market has been a little soft (so) I’m hoping for a little bump to finish pricing the last of it.”…… Continue Reading
The high cost of fertilizer coupled with low commodity prices have some farmers already considering their options for next growing season. Fertilizer market analyst Josh Linville with StoneX Group tells Brownfield current prices mean more sold bushels are needed to cover the cost of fertilizer. “Phosphate values here of late versus that December 26th corn…… Continue Reading
Soybeans were higher on commercial and technical buying. Contracts followed the lead of bean oil, which was up on demand expectations for biofuels. The higher movement in crude oil was also positive for both bean oil and soybeans. U.S. crop development conditions continue to look largely favorable. The USDA’s updated production outlook is set for…… Continue Reading
Sep. corn closed at $4.18, up 12 centsAug. soybeans closed at $10.53 and 1/2, up 23 and 3/4 centsAug. soybean meal closed at $276.80, up $3.10Aug. soybean oil closed at 55.02, up 136 pointsSep. wheat closed at $5.64, up 15 centsAug. live cattle closed at $212.45, up $1.70Aug. feeder cattle closed at $309.02, up $3.00Aug.…… Continue Reading
A southwest Iowa farmer says recent rains came at the right time. Ray Gaesser raises soybeans and corn in Adams County and tells Brownfield his area received up to seven inches of rain within the last week. “We were ready for a rain,” he said. “We weren’t overly dry, but we were sure ready. We…… Continue Reading
A farmer-director with the Iowa Soybean Association says biodiesel demand has been increasing. “Nine years ago, we were trying to beg people to use our product,” said Dave Walton, a soybean farmer from eastern Iowa. Walton says different parts of the transportation sector have been utilizing higher blends of biodiesel. “All the way from Class…… Continue Reading
Broiler hatchery numbers were mixed on the week while maintaining a faster pace than last year. The USDA says 252.194 million broiler-type eggs were set into incubators, down 120,000 on the week, but up 2% on the year with average hatchability at 79.2%. 195.98 million broiler-type chicks were placed into meat production, up 513,000 from…… Continue Reading
Del Monte Foods has filed for Chapter 11 bankruptcy. In a statement, the food products producer says, “it is pursuing a value-maximizing sale process as part of an overall strategic balance-sheet restructuring.” Many central Wisconsin farmers are under contract with Del Monte to raise vegetables for the Plover, Wisconsin canning facility. The company has secured…… Continue Reading
