A dairy market economist says China’s latest increase to retaliatory tariffs on U.S. dairy products should have a marginal impact. Nate Donnay with INTL-FCStone tells Brownfield additional tariffs have been placed on lactose, infant formula, and casein. “With our exports of those products already down from year-ago levels and the relatively small increase on the …
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May 23
Grains, oilseeds finish in the red
Soybeans were lower on profit taking and technical selling. The trade expects at least some corn and spring wheat acres will be switched to beans because of continued planting delays. China did buy U.S. beans last week, but the next step in negotiations is unclear. New rhetoric from China Thursday heightened tensions, but the U.S. …
May 23
Cattle futures mostly higher ahead of USDA numbers
Chicago Mercantile Exchange live cattle futures were mostly higher with boxed beef up at midday, getting ready for Friday’s USDA Cattle on Feed report. June was up $.15 at $110.80 and August was $.20 higher at $108.15. Feeder cattle were mostly higher on the same factors as the live pit. May was $.15 higher at …
May 23
Missouri Dairy Farmers Rally to fight Childhood Hunger
Brownfield’s Tom Steever will be on the ground in Des Peres, Missouri on June 1 as Missouri Dairy Farmers Rally to fight Childhood Hunger. Continue reading Missouri Dairy Farmers Rally to fight Childhood Hunger at Brownfield Ag News.
May 23
US, Canada agree on trade in case of ASF
The US and Canada are amending their export certificates to allow the trade of swine and pork products in the event of an African Swine Fever outbreak. USDA Undersecretary Greg Ibach says trade would be allowed to continue between the two countries in approved, disease free zones much like current trade agreements for poultry. “In …
May 23
Trade assistance package to be announced today
The USDA will announce details of its new trade assistance package today. Ag Secretary Sonny Perdue and other top agency officials are scheduled to hold a briefing call with reporters this morning “regarding USDA’s specific plans to support farmers in response to damage from unjustified retaliation and trade disruption”. The trade aid program will also …
May 23
Considerations with planting backed up
Wet, cool weather has slowed fieldwork going back to last fall and has led to extended planting delays in many key growing areas of the Corn Belt. With insurance dates quickly approaching, producers are having to consider some difficult choices. Kent Thiesse, a farm management analyst in south-central Minnesota, says there are few options this …
May 22
Cattle futures mostly lower, watching direct trade
Chicago Mercantile Exchange live cattle futures were down ahead of the week’s widespread direct cash business and Friday’s USDA Cattle on Feed report, which could show year-to-year increases in all the major categories. Monthly livestock slaughter numbers are out Thursday. June was $.20 lower at $110.65 and August was down $.32 at $107.95. Feeder cattle …
May 22
Pockets of Minnesota where planting has gone okay
For some farmers in Minnesota, planting has gone fairly well. Ryan Buck of Goodhue says he and a few others in the southeastern part of the state are done with corn and have moved on to soybeans. “And right now we have about 140 acres left of soybeans to plant. Last week’s window of dry …
May 22
Warren County the latest Agri-Ready Missouri County
Warren County is the latest Missouri county to earn the Agri-Ready designation for its support of agricultural development and economic growth. The advocacy group Missouri Farmers Care grants the designation to counties that create an environment conducive to agriculture entrepreneurship. “Agri-Ready County designation is a win-win,” said Ashley McCarty, executive director of Missouri Farmers Care, …