A market analyst says livestock producers waiting for even lower feed prices should be very careful. Mike North with Ever.ag says when prices went down, other buyers also entered the market. “Those markets really started to respond from an export perspective when price got that low, and I think if we’re just sitting around waiting…… Continue Reading
Closing Grain and Livestock Futures: October 8, 2024
Dec. corn closed at $4.20 and 3/4, down 5 and 1/4 centsNov. soybeans closed at $10.16 and 1/4, down 17 and 3/4 centsDec. soybean meal closed at $323.00, down $1.00Dec. soybean oil closed at 43.09, down 148 pointsDec. wheat closed at $5.94 and 3/4, up 2 and 1/4 centsDec. live cattle closed at $187.87, up…… Continue Reading
Wheat manages mostly modestly higher finish
Soybeans were lower on fund and technical selling. Harvest is nearly at the halfway point, with favorable conditions in the forecast for many areas. The USDA’s updated supply, demand, and production numbers are out Friday, with the average guess calling for slightly lower production, yield, and domestic ending stocks. The trade is also watching planting…… Continue Reading
Clarinda farmer expecting record crop
The 2024 soybean harvest has nearly wrapped up for southwest Iowa farmer Lee Brooke. “There’s been a lot of neighbors that have just finished in the last couple of days, and we’ve got a little bit of corn done, but not a whole lot yet. So, we’ll have 10 days, two weeks of corn to…… Continue Reading
Soil moisture minimal across Midwest
A climatologist says he’s concerned about soil moisture levels across the Midwest. Eric Hunt with the University of Nebraska-Lincoln says, “We have very low soil moisture in the top part of the profile for pretty much everywhere in the central US north of I-70 and certainly West of I-35. Again, we are just really, really…… Continue Reading
Helping farmers navigate a difficult farm economy
The head of Syngenta crop protection says innovation can help farmers navigate a tighter farm economy. Vern Hawkins says it starts with understanding farm profitability levels. “The return on investments is a big part of the value that we bring when they choose to use one of our products,” he says. “Sometimes they have limited…… Continue Reading
Average to below average soybeans in NE SD
A famer in northeast South Dakota says soybean harvest is wrapping up soon and the crop is average to below-average. “We’re happy to stick a fork in the soybeans for 2024.” Jason Frerichs from Roberts County says it was a challenging planting season with wet fields, the plants struggled to get a good stand and…… Continue Reading
Warm, dry conditions to stick around awhile
U.S. harvest is moving at a fast pace due to warm, dry conditions and an ag meteorologist says that will likely continue across the Corn Belt in the near-term. Drew Lerner with World Weather Incorporated says a weather change isn’t expected until after October 20. “In fact, it might be more like October 22 or…… Continue Reading
USA FFA Chapter gaining community support for new ag facility
An FFA chapter in Michigan’s Thumb is one step closer to building an agricultural barn to support educational and community service efforts. Unionville-Sebewaing Area High School agriculture teacher and FFA advisor Shannon Bowman tells Brownfield a new facility will provide more hands-on learning opportunities for middle and high school students. “It’s going to have a…… Continue Reading
McDonald’s files suit against top meat processors, alleging price fixing
McDonald’s has accused the four largest meat processors of conspiring to inflate the price of beef. In a lawsuit filed last Friday, the world’s largest buyer of beef and pork alleges Tyson, JBS, Cargill, and National Beef Packing violated U.S. antitrust laws to artificially raise prices for McDonald’s and other companies. This is the latest…… Continue Reading
