Closing Grain and Livestock Futures: January 8, 2025

Mar. corn closed at $4.54, down 4 centsMar. soybeans closed at $9.94 and 1/2, down 2 and 3/4 centsMar. soybean meal closed at $300.80, down $2.70Mar. soybean oil closed at 41.59, up 34 pointsMar. wheat closed at $5.36 and 1/4, down 6 and 1/4 centsFeb. live cattle closed at $193.70, down $1.87Mar. feeder cattle closed…Continue Reading

Wheat continues to grind lower, soybeans, corn also down

Soybeans were lower on profit taking and technical selling. Any crop loss related to weather stress in Argentina should be canceled out by a big crop in Brazil. While parts of southern Brazil are dry, conditions remain comparably favorable in much of central and northern growing areas. The USDA’s updated supply, demand, and production numbers…Continue Reading

Broiler hatchery numbers continue faster pace

The weekly broiler hatchery numbers started 2025 a lot like they ended 2024. The USDA says 248.175 million eggs went into incubation last week, up 716,000 from the previous week and 4% above a year ago, with the average hatchability dipping slightly, while remaining just above 79%. 191.89 million chicks entered meat production, an increase…Continue Reading

December in Wisconsin warm, mostly dry

December was warm and dry for Wisconsin. The USDA says average statewide temperatures were nearly 5 degrees above normal, while precipitation was just under usual levels, with some farmers reporting concerns about the effects of low snow cover on fall planted crops. Fieldwork during the month included the application of fertilizer and manure. The USDA’s…Continue Reading

Drought conditions persist in parts of Ohio

Ohio was a little bit warmer and wetter than normal during December. The USDA says the higher average statewide precipitation has replenished soil moisture levels in parts of the state, but southeastern portions of Ohio continue to see conditions ranging from abnormally dry to severe drought. 57% of winter wheat is in good to excellent…Continue Reading

Dry weather hits Nebraska winter wheat rating

Dry weather during is having an impact on Nebraska’s winter wheat condition ratings. The USDA says soil moisture levels are below the start of 2024 with 95% of the state at least abnormally dry. 27% of the winter wheat crop is in good to excellent shape, compared to 48% this time last year, with 26%…Continue Reading

The 2025 Indiana legislative session is officially underway

Indiana Farm Bureau President Randy Kron says several issues will be discussed during this year’s legislative session. The organization is supporting Senate Bill 28, which would protect ground water for farmers. “Right now the way the law is written, it’s just whoever sucks it out the fastest gets it,” he says. “We’re looking at some protections around…Continue Reading

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