Economist says pork industry opportunities could expand in 2025

An economist says there continues to be opportunities for the U.S. pork industry in 2025. Erin Borror with the U.S. Meat Export Federation tells Brownfield… “Europe’s production is at historically low levels and that’s expected to continue,” she says. “We see relatively flat production out of Canada and Brazil is growing, but really the US…Continue Reading

Stay Connected with MO Soy

Missouri Soybeans and their checkoff are developing a new strategic plan to maintain viability and effectiveness. Missouri Soybean Merchandising Council Chairman Mark Lehenbauer encourages farmers to reach out to local directors and stay connected to grow towards more success in the future. The post Stay Connected with MO Soy appeared first on Brownfield Ag News.…Continue Reading

Industry anticipates expected 45Z announcement

Industry officials say the U.S. Treasury’s declaration that guidance on the 45Z sustainable aviation fuel tax credits is expected by the end of January is a good step. However, John Fuher, with Growth Energy, says the industry needs long-term certainty. “Because these are new investments.”  He says, “This is not something we’ve made before. This…Continue Reading

Closing Grain and Livestock Futures: December 4, 2024

Mar. corn closed at $4.30, down 2 and 1/4 centsJan. soybeans closed at $9.83 and 3/4, down 8 centsJan. soybean meal closed at $291.90, up $1.40Jan. soybean oil closed at 41.42, down 72 pointsMar. wheat closed at $5.48 and 1/4, up 3/4 centFeb. live cattle closed at $188.32, down 75 centsJan. feeder cattle closed at…Continue Reading

Treasury says 45Z tax guidance coming before new Trump administration

A U.S. Treasury official says renewable fuels producers will be able to take advantage of sustainable aviation fuel tax credits in 2025. Treasury spokesman Michael Martinez tells Brownfield, “Treasury anticipates issuing guidance before the end of the (Biden) Administration that will enable eligible producers to claim the 45Z credit for 2025.” Although there will still…Continue Reading

Soybeans, corn move lower on South American weather

Soybeans were lower on profit taking and technical selling. South American conditions are generally favorable with USDA’s updated crop production projections out on the 10th and CONAB’s new outlook for Brazil set for the 12th. South Korea bought 30,000 tons of U.S. bean oil ahead of the open, but bean oil was down on product…Continue Reading

Better than expected harvest for North Dakota farmer

A southern North Dakota farmer says the 2024 crop year went better than expected on his farm. Josh Gackle raises 2,800 acres of soybeans, corn, wheat, and barley near Kulm. “The soybean crop was so-so and the corn crop was pretty nice. Anytime we can finish up before Thanksgiving it feels pretty good. We avoid…Continue Reading

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