Closing Grain and Livestock Futures: December 26, 2024

Mar. corn closed at $4.53 and 3/4, up 5 and 1/4 centsJan. soybeans closed at $9.88, up 12 and 3/4 centsJan. soybean meal closed at $305.70, up $12.80Jan. soybean oil closed at 39.47, down 37 pointsMar. wheat closed at $5.35, up 6 and 1/4 centsFeb. live cattle closed at $190.10, up $1.97Jan. feeder cattle closed…Continue Reading

Iowa farmer still making decisions for 2025 growing season

A southeast Iowa farmer says he’s optimistic about the 2025 growing season despite the mild start to winter. Tim Meyer raises corn and soybeans in Henry County. “We’ve got somewhat okay moisture. I think folks would like to see a little bit more, but everybody is patient at this time of the year because there’s…Continue Reading

U.S. export demand “phenomenal,” economist says

An ag economist says there continues to be a good flow of U.S. ag goods to global markets. “The demand on the export side has been phenomenal,” said Jim McCormick with AgMarket.Net. McCormick says several trading partners, specifically Mexico and Colombia, have been increasing their purchases of U.S. corn. “Corn sales are 30%-to-35% better than…Continue Reading

USB chair talks about soy checkoff benefits

The chairman of the United Soybean Board says farmer investment in the checkoff continue to show its value. Philip Good says, “Four and a half to one was the return for the dollar investment.” He says increasing demand provides opportunities for growers. “Exports are very important to every farmer out there,” he says. “When you…Continue Reading

Former Iowa Corn president disappointed E15 was scrapped from CR

Pictured: Iowa farmer and former Iowa Corn president Lance Lillibridge (Photo by Brent Barnett/Brownfield) A past president of the Iowa Corn Growers Association says he’s frustrated a federal solution for year-round E15 was left out of the government funding bill. Lance Lillibridge, who raises corn and cattle in eastern Iowa, says a permanent fix has…Continue Reading

Milk production reports could offer more

A dairy economist says USDA milk production reports don’t give the full picture of cow productivity. Corey Geiger with CoBank tells Brownfield component levels rather than volumes are driving prices. “We need to start thinking about those milk production reports put out by USDA differently,” he suggests. “For years we have measured volume, it’s been…Continue Reading

Obligated IRA funds guaranteed to continue

A USDA Deputy State Director says many Inflation Reduction Act-funded projects will continue under the Trump administration regardless of its policy priorities. Rural Development’s Valarie Handy, based in Michigan, tells Brownfield, “Once funds have been obligated for a project, those funds are set aside for that entity’s described project.” “It would literally take an act…Continue Reading

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