Steve Nedved
Author's posts
Nov 23
Cattle, hog futures up after Thanksgiving
Chicago Mercantile Exchange live cattle futures were higher, supported by Friday’s firm midday boxed beef, along with follow-through from Wednesday’s post-USDA report gains. December was up $.70 at $117.10 and February was $.17 higher at $120.92. Feeder cattle were up on the same factors as the live pit, with additional support from the weak corn. …
Nov 23
Soybeans, corn down in light post-holiday trade
Soybeans were modestly lower on fund and technical selling. The trade continued to watch late U.S. harvest activity, while getting ready for the upcoming G20 summit. President Trump and President Xi are expected at least meet during the discussions, but it remains to be seen how much progress, if any, is made following the recent …
Nov 23
Current Brexit plan no good for U.S. farmers
British leaders say the Brexit plan released this week would not help American farmers gain access to their markets. David Davis of Britain’s Conservative Party is the former Secretary of State for Exiting the European Union. He told Agri-Pulse the Brexit proposal would not allow the U.K. to control their own regulations or tariffs, meaning …
Nov 23
Survivors of deadly Costa Rica rafting accident and families warn of lax regulations
ABC News(NEW YORK) — Ten men who survived a Costa Rican rafting accident that killed four close friends are often overwhelmed by grief, and their lives are forever changed, they told ABC News. “I thought I was having a heart attack,” said Sean Estevez, one of the survivors, describing the chaos. “I was lifeless. I …
Nov 23
London police use trained drivers to ram mopeds with cars in crackdown on crime
iStock/Thinkstock(NEW YORK) — Police in London are using specially trained drivers to stop would-be criminals from using motorcycles and mopeds by ramming them with cars. Police already use automatic tire deflation devices to stop offenders and DNA and forensic evidence to catch them. Now, through what the Metropolitan Police is calling “contact tactics,” drivers have …
Nov 23
Harvard student makes history as 1st DACA recipient to be awarded Rhodes Scholarship
WABC(NEW YORK) — A Harvard University student has made history as the first-ever recipient of the Deferred Action for Childhood Arrivals (DACA) program to be awarded the coveted Rhodes Scholarship. Jin Kyu Park, 22, was born in South Korea and moved to the United States with his parents when he was 7. He is currently …
Nov 23
Statistician group opposes USDA plan to move ERS
A group that specializes in statistical studies questions Ag Secretary Sonny Perdue’s plan to move the Economic Research Service out of Washington. Steve Pierson with the American Statistical Association says, “What we have not been able to understand is what is the problem that the Secretary is trying to address? As far as we can tell, …
Nov 23
Closing Grain and Livestock Futures: November 23, 2018
Dec. corn closed at $3.59, down 2 and 3/4 cents Jan. soybeans closed at $8.81, down 2 cents Dec. soybean meal closed at $305.80, down 80 cents Dec. soybean oil closed at 27.65, down 15 points Dec. wheat closed at $4.99 and 3/4, up 1 cent Dec. live cattle closed at $117.10, up 70 cents Dec. lean hogs closed at $59.07, up 80 cents Jan. crude …
Nov 23
Old Man Winter delaying last of harvest
A winterly blast over the Thanksgiving weekend should slow the last of harvest. USDA meteorologist Brad Rippey says the Great Lakes, Northeast and Mid-Atlantic are in line for a blast of Arctic air which should bring significantly below normal temperatures, windy conditions and a storm system moving in from the West and Midwest. “We’re going to …
Nov 23
California wildfires death toll climbs to 87, more than 600 still unaccounted for
ABC News(PARADISE, Calif.) — Hundreds of people remain missing in the wake of a pair of deadly wildfires that have been burning across both ends of California. The two monstrous blazes, which both ignited earlier this month, have claimed at least 87 lives while laying waste to a total area of nearly 400 square miles, …