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Cash dairy prices mostly lower to end the week

Cash dairy prices were mostly lower except for nonfat dry milk Friday on the Chicago Mercantile Exchange.  Dry whey prices were unchanged at $0.63.  No sales were recorded.  Forty-pound cheese blocks were down $0.03 at $1.72.  One sale was recorded at that price.  Cheese barrels were... Read More.

October crop insurance prices remove market floor

An agricultural economist says the October crop insurance prices aren’t favorable for producers. Brian Basting, with Advance Trading, says the low averages of the December futures in October removed the market’s floor. “This year, the vast majority of producers are not going to get... Read More.

USDA beef, poultry production estimates up on month

The USDA raised most of its 2024 protein production projections. Beef is seen at 27.025 billion pounds, 25 million higher, on heavier dressed weights and a faster cow slaughter, with an average steer price of $186.68 per hundredweight, up $.50, and increases in imports,... Read More.

USDA trims 2024 corn, soybean crop outlooks

The USDA has lowered its expectations for this year’s corn and soybean crops. Corn production is now pegged at 15.143 billion bushels, less than 1% below the October guess on a 0.7 bushel cut in the still record large average yield estimate of 183.1... Read More.

Proposed FARM Act would have major impact

An ag economist at the University of Illinois says the latest agricultural aid package proposed in Congress would have a major impact if passed as currently constructed. Gary Schnitkey says the $21 billion FARM Act, or Farmer Assistance and Revenue Mitigation Act of 2024,... Read More.

Compeer Financial: What’s Next with Land Values

Compeer uses benchmark farms in Wisconsin, Illinois, and Minnesota to observe and analyze market trends with almost real-time data. In this Compeer Financial Podcast, Director of Appraisal David Dinderman gives key updates on agricultural land values and how they affect the farm economy. Learn... Read More.

Ag economist expects strong cattle market into 2025

An ag economist says the market outlook for cattle remains strong heading into 2025. Tyler Cozzens, with the Livestock Marketing Information Center, tells Brownfield… “We’re seeing some seasonal trends here, a little bit of pressure here, as we see a lot more cattle come... Read More.

Follow the 4 Rs of Nutrient Stewardship

Growers in many areas have finished up their fall nitrogen applications, and Koch Agronomic Services says they need to be sure they are getting the most from their investments. On this episode of the Nitrogen Corner, an agronomy expert discusses the importance of using... Read More.

South Dakota farmer interested in new ag trade policy

A South Dakota farmer says he’s looking forward to seeing how the ag trade picture could change in a new administration. Scott VanderWal tells Brownfield “I’m disappointed the Biden administration isn’t doing much on it. We need to get our products sold outside the... Read More.

Cattle futures higher ahead of cash trade

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, waiting on direct business to develop. December live cattle closed $.42 higher at $185.82 and February lives closed $.70 higher at $187.42.  January feeders closed $.30 higher at $244.32 and March... Read More.

Soybeans see strong close on soybean oil strength

Soybeans were higher on commercial and technical buying. There was also spillover from soybean oil, which was supported by the strength in palm oil. Export sales were down on the week, but larger than average at 74.9 million bushels, with China and unknown destinations... Read More.

Boozman: ag economic relief package being negotiated

The ranking member of the Senate Agriculture Committee says lawmakers have been working on an economic relief package to help farmers get through the tough farm economy. “The question is what can we get together to sell to the rest of Congress?” John Boozman... Read More.
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