Milk futures lightly traded in a narrow range for the last day of 2018 while cash markets saw minimal activity. December Class III milk futures were unchanged at $13.83. January down nine cents at $14.32. February up a nickel at $14.72. March up two cents at $15.03. The milk futures from April through next July …
Category: Ag News
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Dec 31
China could play big role in improving U.S. ethanol margins
The U.S. ethanol industry is hopeful China will play a significant role in improving margins. Randall Doyal, CEO of Al-Corn Clean Fuel in Claremont, Minnesota says before the trade war, exports to China were trending higher. But the combination of lost market-share and oil refinery waivers issued by the EPA has turned many ethanol plants …
Dec 31
NCBA’s Houston says beef exports have momentum
National Cattlemen’s Beef Association president-elect Jennifer Houston sees reasons to be optimistic about trade in 2019. “Things are going well on the trade front. Exports are still high, but we know we have some opportunities as the President talks about entering bilateral talks with Japan and EU. As well as the lessening of the trade …
Dec 31
Precision Planting Winter Conference
On January 15, 2019, Brownfield Anchor/Reporter Meghan Grebner will cover the Precision Planting Winter Conference, Tremont, Ill. Continue reading Precision Planting Winter Conference at Brownfield Ag News.
Dec 31
Trump says progress is being made between U.S. and China
President Trump says progress is being made in trade talks between the U.S. and China. In a tweet Saturday, Trump said he spoke to Chinese President Xi and if a trade deal is made, it will be comprehensive and cover “all subjects, areas, and points of dispute.” Talks will continue in person next week when …
Dec 31
Reports: Trump still considering NAFTA withdrawal to force USMCA approval
President Trump is reportedly still mulling whether to cancel the existing NAFTA agreement as a tactic to force Congress to approve the new USMCA agreement. A formal withdrawal from NAFTA would create a hard deadline of six months for Congress to approve the USMCA or face the prospect of new tariffs on trade between the …
Dec 31
Ohio Farm Bureau priorities for 2019
Water quality will continue to be a priority for Ohio Farm Bureau in 2019. Yvonne Lesicko, vice president of public policy for Ohio Farm Bureau, says farmers are focused on combating algal blooms in the Western Lake Erie Basin. “In terms of actual practices on farms, getting the research done, and figuring out what they …
Dec 31
Goodin looks for truth in labeling in Indiana
Indiana Representative Terry Goodin has introduced a “Truth in Labeling” bill to be considered in the 2019 legislative session. The bill would prevent lab-produced meat from being labeled the same as meat or poultry products that come from animals. Goodin says Hoosiers want to know where the meat they eat and milk they drink comes …
Dec 28
Ethanol production, stocks down on week
U.S. ethanol production was slightly lower the week before Christmas, while stocks dropped. The U.S. Energy Information Administration says production averaged 1.042 million barrels a day, 4,000 lower than the week before and the lowest weekly average in more than a month, as some producers slow down or eliminate shifts because of poor margins. The …
Dec 28
Ag lender offers advice ahead of operating loan meeting
An ag lender has some advice for farmers preparing to sit down with their bankers to discuss 2019 operating loans. Kent Thiesse with MinnStar Bank in south-central Minnesota recommends making that appointment now. “Have things summarized from last year, have an up-to-date balance sheet, and if you have issues, be honest and up front about …