Live cattle futures mixed watching direct business develop

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were lower ahead of the week’s direct cash business.  February live cattle closed $.30 higher at $197.05 and April live cattle closed $.17 lower at $197.32.  March feeder cattle closed $.80 lower at $267.25 and April feeders closed $1.65 lower at $266.57. Direct cash…… Continue Reading

Ag co-op, Landus, to layoff portion of its workforce

Iowa-based ag cooperative Landus has announced a round of layoffs within the company. In a statement to Brownfield, a Landus spokesperson said they recently cut less than 10% of their team members to meet the demands of the changing ag retail environment. The spokesperson said the exact number of workers impacted was not available. The…… Continue Reading

More conservation practices will be rewarded by 45Z credit

An ag researcher says farmers can benefit the most if all conservation practices incentivized through the 45Z tax credit are in place. Michigan State University’s Bruno Basso tells Brownfield, “Ideally, a farmer will choose areas where corn is highly productive and it can be productive with less inputs.” “And, put alternative practices or different crops…… Continue Reading

Closing Grain and Livestock Futures: January 21, 2025

Mar. corn closed at $4.90, up 5 and 3/4 centsMar. soybeans closed at $10.67 and 1/4, up 33 and 1/4 centsMar. soybean meal closed at $311.00, up $13.80Mar. soybean oil closed at 45.77, up 8 pointsMar. wheat closed at $5.58 and 3/4, up 20 centsFeb. live cattle closed at $197.05, up 30 centsMar. feeder cattle…… Continue Reading

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