Trade news adds to market volatility

Arlan Suderman, the chief commodities economist with Stone X Group, says the U.S. and China have reached an agreement on rare earth minerals, which provides more certainty for the markets. And Suderman says more agreements between the two countries are expected. “The two things we can learn from that is, first: agreements can be reached with…… Continue Reading

Meat processor sees stable demand despite increased prices

The president of the Illinois Meat Processors Association says consumer demand for pork and beef remains strong despite continued high prices. Buddy Raber, who owns Raber Packing Company in Peoria, says the elevated market is keeping many producers cautious. “You know, a year ago I would have told guys not to buy feeder calves because…… Continue Reading

Soybeans, corn up Friday, still down on week

Soybeans were modestly higher on short covering and technical buying, still seeing a significant weekly drop. Beans were oversold and encouraged by talk of a trade deal with China, even if details, and especially ag details, have been slow to surface. The general tenor about trade negotiations out of the Trump administration continues to be…… Continue Reading

Cattle futures sharply higher to finish the week

At the Chicago Mercantile Exchange, live and feeder cattle were higher, supported by stronger boxed beef during the session, shrugging off the week’s lower cash business.  August live cattle closed $4.10 higher at $213.30 and October live cattle closed $3.47 higher at $209.82.  August feeder cattle closed $4.60 higher at $307.90 and September feeder cattle…… Continue Reading

Argentina finishing big soybean harvest

The soybean harvest is winding down in Argentina. Michael Cordonnier with Soybean and Corn Advisor says with more than 90 percent of the crop out, he’s raising his production estimate to nearly 50 million tons. “Because the late-planted soybeans just did much better than anticipated.” He tells Brownfield there was significant flooding in northern Buenos…… Continue Reading

South Dakota plans to be part of NWS solution

The governor of South Dakota says his state will be part of the solution as the U.S. cattle industry continues to monitor the spread of New world screwworm in Mexico. Larry Rhoden says having the right technology and people in place to protect cattle producers makes a big difference. “We stood up the Animal Diagnostics…… Continue Reading

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