Chicago Mercantile Exchange live cattle futures were mostly higher on spread trade, the higher midday boxed beef, and traders preparing for the week’s widespread direct business. April was down $.30 at $129.55 and June was up $.27 at $120.42. Feeder cattle were mostly lower ahead of widespread direct trade. March was down $1.65 at $141.22 …
Category: Ag News
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Mar 01
Livestock haulers encouraged by potential ELD reforms
Livestock haulers are encouraged by Hours of Service reforms the DOT’s Federal Motor Carrier Safety Administration is considering. Livestock Marketing Association VP of risk mitigation Jara Settles says LMA participated during a comment period targeting four aspects of the rule, including the split sleeper berth concept. “Being able to break up that rest into at …
Mar 01
Commitments haven’t moved markets
A soybean farmer says markets haven’t moved much after China’s latest announcements to buy U.S. soybeans. American Soybean Association director Ronnie Russell from Missouri tells Brownfield verbal commitments by China help, but prices haven’t gone up. “We have a lot of soybeans right now and we need to find a way to get that market …
Mar 01
Soybeans, corn bounce late in session
Soybeans were modestly higher on short covering and technical buying, rallying late after two-sided trade for most of the session. Contracts were oversold after the recent losses, but beans still want to see more fresh business from China. Recent purchases haven’t met trade expectations and there are uncertainties about negotiations ahead of more talks later …
Mar 01
CME milk futures, cash dairy mostly down Friday
Milk futures and cash dairy prices were mostly down on the Chicago Mercantile Exchange Friday. Butter and whey prices went up, while everything else fell. March Class Three milk was down $.04 at $15.20. April was down $.07 to $15.13. May was down $.06 to $15.20. June was down $.06 to $15.52. The milk futures …
Mar 01
Syngenta’s NK Seeds adding new hybrids and varieties
Syngenta is launching 17 new corn hybrids and 68 new soybean varieties to it NK Seeds portfolio. Company officials talked about the launch Friday at Commodity Classic, marking the 135th anniversary of the iconic seeds brand. Syngenta also used the news conference to talk about its pilot project using Sony’s Smart Agriculture Solution. AUDIO: Syngenta …
Mar 01
Battle continues over corn syrup in beer
MillerCoors vice president of communications Adam Collins, visiting with Brownfield’s Ken Anderson at Commodity Classic. The big battle over corn syrup in beer continues. At Commodity Classic in Orlando, MillerCoors spokesman Adam Collins tells Brownfield that Bud Light’s anti-corn syrup campaign has not had the desired effect on its beer sales, so far. “Since the …
Mar 01
Analysts see corn rally potential
Market consultant Matt Bennett Two grain market analysts agree the corn market is poised for a significant rally in 2019. Illinois-based market consultant Matt Bennett says producers should be ready to take advantage of a potential corn rally. He points to the tightest corn stocks-to-use ratio since 2013. “If you end up with acreage under …
Mar 01
Indiana farmer says quick approval of year-round E15 will benefit farmers
North Central Indiana farmer Denny Maple says it’s anyone’s guess if year-round E15 will be in place for the summer driving season. “We had the government shutdown at the first of the year that slowed the process down,” he says. “We’re hopeful that they push it through and get it done in a timely manner.” …
Mar 01
INFB discusses priorities as the legislative session reaches halfway point
The Indiana legislative session has reached the halfway point and Indiana Farm Bureau continues to monitor progress on priorities. Justin Schneider, director of state government relations, says the Indiana general assembly has supported reducing extraterritorial authority. “We have a problem with cities and towns having authority to regulate outside of their borders,” He says. “We …
