Closing Grain and Livestock Futures: February 7, 2025

Mar. corn closed at $4.87 and 1/2, down 7 and 3/4 centsMar. soybeans closed at $10.49 and 1/2, down 11 centsMar. soybean meal closed at $301.40, down $5.00Mar. soybean oil closed at 45.98, up 58 pointsMar. wheat closed at $5.82 and 3/4, down 5 centsApr. live cattle closed at $196.77, unchangedMar. feeder cattle closed at…Continue Reading

Cash hogs mixed to end the week

Chicago Mercantile Exchange live cattle futures were steady to firm and feeders were mixed, consolidating after Thursday’s drop. April live was unchanged at $196.77 and June was up $.27 at $192.10. March feeders were down $.40 at $264.90 and April was $.17 lower at $264.82. Cash cattle country was quiet Friday with the bulk of…Continue Reading

Soybeans, corn see profit taking, still up on week

Soybeans were lower on profit taking and technical selling, but did end the week with decent gains. There was cooler temperatures and a chance of rain in the forecast for dry parts of Argentina, while some of Brazil could see better harvest weather. The USDA’s updated supply, demand, and production numbers are out Tuesday, February…Continue Reading

Dairy margin program provides extra assurance

A dairy economist is encouraging farmers to sign up for the Dairy Margin Coverage program this year even with positive price outlooks. Bill Brooks with Northwest Missouri State University tells Brownfield the program paid dairy farmers nearly $37 million in payments last year. “The margin coverage program only had payments the first three months of…Continue Reading

Land broker sees slowdown in farmland market

A farm real estate specialist says there’s been some instability in the farmland market. Koby Rickertsen with High Point Land Company says land values could see a decline if downward pressure on commodity prices continues. “We’re not as excited in the last six months or so as we have been. You’re not seeing huge 8%…Continue Reading

Farmers seeking good quality equipment at auction

An equipment auction specialist says it’s been a busy month for farm machinery buyers. Andy Devine is a territory sales manager in central and western Nebraska for Purple Wave Auction and says, “Early spring always gets busy. Everybody is getting cranked up for the summer, getting their new equipment out, and getting their old equipment…Continue Reading

Dairy shipments down in 2024, slight gains in value

The U.S. Dairy Export Council says total export volumes for 2024 were down nearly a half a percent while values gained two percent on the year. Shipments of cheese were up 17 percent on the year and hit a shipping record high of more than a half a million metric tons. The export council says…Continue Reading

FFA State Officers visit Spain and Portugal for global learning experience

Photo provided by the National FFA Organization. Ohio FFA’s state vice president at large says recent overseas travel helped expand her understanding of global ag practices. Gracie Sprague participated in this year’s International Leadership Seminar for State Officers. “When we look at ag practices from different from America, a lot of time we think that…Continue Reading

Economist says consumer demand is influencing poultry restocking

A livestock and poultry economist says consumer demand will drive how producers are able to rebuild their flocks from highly pathogenic avian influenza outbreaks. Executive Director of LEAP Market Analytics Mark Jordan tells Brownfield the virus has been relentless. “It’s beginning to overwhelm the industry’s ability to kind of fight back,” he says. Jordan says…Continue Reading

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