Category Archives: Uncategorized

U.S.-China trade talks suffer possible setback

U.S.-China trade talks suffer possible setback

Trade talks between the U.S. and China suffered another possible setback Friday as a Chinese delegation changed its travel schedule and headed back to China earlier than planned. Deputy-level Chinese officials were in Washington for trade talks on Thursday and Friday, and some of those officials were scheduled to remain in the U.S. to visit…Read more »

Lean hogs lower as China talks end early

Lean hogs lower as China talks end early

At the Chicago Mercantile Exchange, live cattle were lower waiting for the rest of the week’s direct business and waiting for the on-feed numbers.  Feeders are mixed, with nearby contracts higher on the day’s lower move in corn.  October live cattle closed $.45 lower at $99.35 and December live cattle closed $.67 lower at $105.15. …Read more »

Closing Grain and Livestock Futures: September 20, 2019

Closing Grain and Livestock Futures: September 20, 2019

Dec. corn closed at $3.70 and 3/4, down 2 centsNov. soybeans closed at $8.82 and 3/4, down 10 and 1/4 centsOct. soybean meal closed at $291.10, down $1.10Oct. soybean oil closed at 29.28, down 53 pointsDec. wheat closed at $4.84 and 1/4, down 3 and 3/4 centsOct. live cattle closed at $99.35, down 45 centsOct.…Read more »

Milk futures higher, cash dairy mixed

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed higher Friday while cash trade was relatively mixed as customers push back at the recent run-up in cheese prices. September Class III milk up a penny at $18.26.  October up 18 cents at $18.66.  November 27 cents higher at $18.39.  December up 23 cents at $17.70.  January…Read more »

Soybeans down on China questions

Soybeans down on China questions

Soybeans were lower on fund and technical selling, cementing a lower close for the week. During the session, President Trump said he didn’t want a partial trade deal with China and doesn’t need a deal prior to the 2020 elections. Deputy level trade talks occurred this week, but the Chinese delegation cut what was expected…Read more »

USDA: cattle on feed placements drop 9%

USDA: cattle on feed placements drop 9%

The USDA’s latest Cattle on Feed report shows a slowdown in placements. The total number of placements on feed during August was down 9% on the year at 1.884 million head, at the low end of expectations, with better than a year ago conditions in many pastures and some producers reluctant to put cattle into…Read more »

ASF global outlook continues to worsen

ASF global outlook continues to worsen

South Korea is the latest Asian country to be hit with African Swine Fever and Dr. Dave Pyburn with the National Pork Board says the global outlook continues to worsen. “As we see more countries where we have these outbreaks happening, it does nothing but increase our risk here,” he says. “We have to be…Read more »

Growers are addressing climate change on their farms

Growers are addressing climate change on their farms

Farmers are playing a major role in addressing climate change by implementing practices to improve sol health and sequester carbon. Those regenerative agriculture practices include no-till, cover crops, livestock grazing, and crop diversity. Chris Malone, head of field data solutions with Indigo, says farmers are looking at a decent return on investment. “Conservatively $30 an…Read more »

Simmons: industry shouldn’t be concerned about plant-based protein

Simmons: industry shouldn’t be concerned about plant-based protein

Sales continue to grow for plant-based protein, but Elanco CEO Jeff Simmons says the agriculture industry should not be concerned. “We will consume more meat and animal-based protein- meat, milk, and eggs- this year than anytime ever in the United States,” he says. “It’s up 20 pounds per person in the last five years.” He…Read more »

Things to consider for fall fertilizer application

Things to consider for fall fertilizer application

With a narrow window of opportunity for fertilizer applications this past spring and fall it is important for farmers to keep fertilizer application top of mind this upcoming fall to maintain nutrients in the soil. In this Managing for Profit, Curt Woolfolk, an agronomist with The Mosaic Company, provides fertilizer application recommendations for growers and…Read more »