Closing Grain and Livestock Futures: August 28, 2024

Sep. corn closed at $3.65 and 1/4, down 2 centsSep. soybeans closed at $9.58 and 1/2, down 9 centsSep. soybean meal closed at $310.80, down $6.50Sep. soybean oil closed at 41.80, up 65 pointsSep. wheat closed at $5.14 and 1/4, up 6 centsOct. live cattle closed at $178.62, down 77 centsSep. feeder cattle closed at…Continue Reading

Illinois farmland values soften in first half of ‘24

The Illinois Society of Professional Farm Managers and Rural Appraisers says farmland values in the state were down in the first half of 2024. Luke Worrell, chair of the organization’s Farmland Values & Lease Trends Committee, tells Brownfield the results of their mid-year survey were expected, primarily due to lower commodity prices. “We saw about…Continue Reading

Combined U.S./Canada hog herd higher

The combined U.S. and Canadian hog herd is larger than last year. The USDA and Statistics Canada say the joint supply of 88.481 million head in June 2024 was up 1% from June 2023. That included a 2% rise in the market hog inventory, which canceled out a 3% decline in the breeding herd, with…Continue Reading

CLAAS announces new partnerships for service, distribution

CLAAS has announced new partner agreements with companies in Missouri and Wisconsin, following the closure of some Ziegler Ag stores. Daryl Theis tells Brownfield an agreement has been reached with Parallel Ag to provide parts and service for CLAAS combines in central Missouri. “Our urgency is paramount in terms of taking care of customers,” he…Continue Reading

Another year-to-year rise for broiler hatchery numbers

Broiler sets and placements continue to move above year ago levels. The USDA says 247.583 million broiler-type eggs were placed into incubation, down 1.065 million on the week, but up 3% on the year, with average hatchability holding at 79.5%. Placements of broiler-type chicks into meat production were 193.576 million head, 403,000 higher than the…Continue Reading

Sorghum brings economic potential to rural America

The CEO of Sorghum United says there’s tremendous potential for sorghum to have a larger economic impact in rural America. Nate Blum says the cereal grain, which is popular in India and Africa, fits well into most farming operations. “If we can locate regional value additions to food, fuel and fiber products that are using…Continue Reading

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