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Closing Grain and Livestock Futures: August 12, 2024

Sep. corn closed at $3.83 and 1/4, up 6 and 1/2 centsSep. soybeans closed at $9.71 and 1/4, down 17 and 1/2 centsSep. soybean meal closed at $306.00, down $5.70Sep. soybean oil closed at 41.48, down 94 pointsSep. wheat closed at $5.36 and 3/4,...

Optimism for lower interest rates

The leader of a banking organization says cash flow is tight for most farmers, and some are concerned about their balance sheets and high operating costs with low commodity prices. Rose Oswald Poels with the Wisconsin Bankers Association tells Brownfield she wouldn’t call this...

Ag policy expert discusses lack of clarity surrounding lab-grown protein

An ag policy expert says there are still too many unknowns about lab-grown protein.  Jack Hubbard, with the Center for Environment and Welfare tells Brownfield… “There’s no long-term health studies. There’s a lack of transparency on the ingredients and the growth factors, so when consumers...

Illinois wheat growers seeking checkoff

Members of the Illinois Wheat Association (IWA) are circulating petitions to institute a wheat checkoff in the state. Don Guinnip, with IWA, who farms in Marshall & Clark County, says they’re proposing a penny-and-a-half checkoff per bushel of wheat sold. “Right now, the Wheat...

New research developed to find early signs of tar spot

The founder and CEO of Insignum AgTech has partnered with Purdue University to develop new technology that could help farmers detect tar spot earlier in corn.   Kyle Mohler says DNA that is already present in corn plants will react to a newly developed gene...

Different approaches to marketing old crop grain

Missouri farmers have differing plans for moving old crop grain ahead of what’s expected to be a good harvest this fall. Cass County farmer Matt Moreland says he’s got a lot of old crop corn left in the bin to sell. “You’re supposed to...

Indiana FFA State President says the FFA pavilion has something for everyone

The Indiana FFA State President says the Indiana FFA Pavilion is an opportunity to connect consumers with the ag industry. Ethan Wolheter says fairgoers can learn about different areas of agriculture. “There’s some cool opportunities like an ag mech corner where they can learn more...

Preconditioning programs add value to calves

A technical services veterinarian for Merck Animal Health says investing in a preconditioning program can increase the value of calves at auction. Dr. Tim Parks tells Brownfield that weaning and vaccination programs are critical. “To make sure that those cattle that are bought are...

USDA lowers new crop corn, wheat ending stocks

The USDA tightened the balance sheets for corn and wheat while raising ending stocks for soybeans. Corn carryout is pegged at 2.073 billion bushels, a cut of 26 million from July, but still potentially 206 million larger than last marketing year, with a higher...

Sorghum crop projection below a year ago

The USDA sees a significantly smaller sorghum crop in 2024. Sorghum production is pegged at 278.81 million bushels, a drop of 38.935 million with a higher yield guess of 52.9 bushels per acre more than canceled out by lower planted and harvested acreage numbers...

INFB’s Fall Creek Pavilion is an investment in Indiana youth

The president of the Indiana Farm Bureau says investing in ag youth is an investment in the association’s future.  Randy Kron says supporting programs like 4-H and FFA benefit the industry.  “You look at our strategic plan, part of it is youth development, youth leadership...
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