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Closing Grain and Livestock Futures: September 5, 2024

Dec. corn closed at $4.10 and 3/4, down 2 centsNov. soybeans closed at $10.23 and 1/2, up 2 centsOct. soybean meal closed at $322.40, down $3.40Oct. soybean oil closed at 41.69, up 97 pointsDec. wheat closed at $5.74 and 3/4, down 6 centsOct. live...

Late diseases impacting Illinois soybean crops

The outreach agronomist for the Illinois Soybean Association (ISA) says many farmers across the state are seeing late-season diseases impact their soybean fields. Stephanie Porter says she’s seeing a wide range of issues. “Some concerns with Phytophthora.”  She says, “I’ve had calls on soybean...

Light cash cattle business develops Thursday

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, pressured by the week to date’s light, lower direct trade. October live was down $1.97 at $177.25 and December was $2.17 lower at $176.72. October feeders were $2.87 lower at $234.57 and November...

Central IL farmer expects drawn out harvest

A central Illinois farmer expects a long harvest season. Austin Rincker, who farms in Shelby County, says it’s been an eventful growing season. “I think we had more rain in July than what I can ever remember in a farming career.”  He says, “Maybe...

Soybeans bounce back late on dry weather concerns

Soybeans were higher on short covering and technical buying, rallying after a lower start to the session. Most forecasts have some scattered rain late this week, but outlooks into mid-month are generally dry. While the USDA and many private firms are projecting a record...

Thinking differently about livestock grazing

Two regenerative ag consultants say adaptive grazing can help build healthy soils. Eric Fuchs with Understanding Ag says adaptive grazing for livestock looks different from conventional grazing. “The conventional model has cattle turned into a pasture, let them graze wherever they want, feed them...

Study shows alfalfa damage from field traffic

A University of Wisconsin study shows that 49% of alfalfa plants are run over by machinery tires over the course of three harvests.    Biological Systems Engineering professor Brian Luck tells Brownfield driving equipment through the field is necessary, but adjusting when and how...

CME cash dairy steady to higher Thursday

Cash dairy prices were steady-to-higher Thursday on the Chicago Mercantile Exchange.  Dry whey was up $0.0025 at $0.5675.  No sales were recorded.  Forty-pound cheese blocks were unchanged at $2.23.   No sales were recorded.  Cheese barrels were unchanged at $2.25.  One sale was recorded at...

Ethanol production, supply down on week

U.S. ethanol production dropped last week. The U.S. Energy Information Administration says production was the lowest since late June at an average of 1.061 million barrels per day, a decrease of 10,000 on the week, but an increase of 49,000 on the year. That...

Conditions are right for rapid drought development

The associate director of the Midwestern Regional Climate Center says rapid onset drought is possible across several states in the next couple of weeks. Melanie Widhalm says that can cause problems during harvest. “It will help you get into the fields. It will help...

Consumers predict food inflation to get lower

An ag economist at Purdue University says consumer estimates for food price inflation declined in the latest Consumer Food Insights Report. Joseph Balagtas with Purdue’s Center for Food Demand Analysis and Sustainability says this is the lowest level since early 2022. “From July 2024,...

Minnesota farmer combats crop diseases

Many corn and soybean farmers faced significant disease pressure this season. Rob Tate farms near Cannon Falls in southeast Minnesota and says conditions suited plant pathogens. “We decided to spray a little more fungicide than maybe what we would’ve planned to do originally, generally...
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