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Closing Grain and Livestock Futures: August 7, 2024

Sep. corn closed at $3.83 and 1/4, down 5 and 1/2 centsSep. soybeans closed at $10.05 and 1/4, down 8 and 3/4 centsSep. soybean meal closed at $323.60, down $7.00Sep. soybean oil closed at 42.07, up 122 pointsSep. wheat closed at $5.38 and 1/4,...

USDA’s carbon verifier proposed rule possible before 2025

An ag lobbyist says she expects to see a proposed rule from USDA soon as the agency works to create a new carbon market verification program. Samantha Buchalter with the Russell Group helps manage the Food and Agriculture Climate Alliance. “We’re all working together...

Broiler hatchery numbers continue to rise

The USDA’s weekly broiler hatchery numbers continue to imply a year-to-year increase in chicken production. 250.597 million broiler-type eggs were put into incubation last week, 2.163 million higher than the week before and 4% above a year ago, with average hatchability improving slightly to...

USDA official says 45Z guidance is progressing

An official with USDA says progress is being made in developing guidance for sustainable aviation fuel tax credits.  USDA undersecretary for farm production and conservation Robert Bonnie says there’s pressure to finalize the 45Z tax credit. “We want to move as quickly as we...

Ethanol production dips, exports highest on record

U.S. ethanol production declined last week. The U.S. Energy Information Administration says production averaged 1.067 million barrels a day, down 42,000 from the previous week’s all-time high, but up 44,000 from a year ago. Iowa State University’s Center for Agricultural and Rural Development says...

Economist says ag economy will continue to face pressure

An ag economist says he doesn’t expect the outlook for the farm economy to improve anytime soon. University of Missouri’s Scott Brown says profitability in the sector hasn’t been this slim since 2018-2019. “Input costs continue to be fairly high for producers of almost...

K-State launches health worker project focused on rural and agricultural workforce

A new collaborative is working to connect farmers to physical and mental health resources. Elaine Johannes, an extension specialist at Kansas State University, says the Rural Ag Health Community Health Worker project can help improve healthcare access for all.  “We’re piloting five positions, and those positions...

USDA updates Farm Service Agency’s Farm Loan Programs 

The USDA has announced changes to the Farm Service Agency’s Farm Loan Programs.  FSA Administrator Zach Ducheneaux says the changes are designed to help borrowers make strategic investments in the enhancement or expansion of their ag operations. The changes include: Ducheneaux says implementing these...

A brief cool spell for most of the Heartland; seasonal heat & humidity to return

Looking ahead, the 6- to 10-day outlook calls for the likelihood of near- or below-normal temperatures from the northern half of the Plains to the Atlantic Coast States, excluding Florida and southern Georgia, while hotter-than-normal weather will dominate the southern and western U.S.  Meanwhile,...

NCGA representative hopeful for resolution to Mexico’s GM corn ban

A policy expert with the National Corn Growers Association says she’s hopeful the Mexican decree banning genetically modified corn imports will be overturned before the end of the year. Nancy Martinez says U.S. lawyers made good arguments at a June hearing to show Mexico’s...

The value of beef to a healthy diet

Work continues on the 10th edition of the Dietary Guidelines.  Shalene McNeill, the executive director of nutrition research at the National Cattlemen’s Beef Association, says the guidelines are updated every five years and will be for 2025 to 2030. The DGAs serve as the...