At the Chicago Mercantile Exchange, cattle futures closed lower on profit taking and the lack of support from the cash trade. April live cattle closed $1.50 lower at $126.05 and June contracts closed $1.22 lower at $120.35. April feeder cattle closed $.17 lower at $146.15 and May feeder cattle closed $.15 higher at $150.22. A …
Category: Ag News
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Apr 05
Ag license plate bill advances in Minnesota Legislature
Legislation that would bring specialized agriculture license plates to Minnesota is progressing in the House. Minnesota FFA Foundation director Val Aarsvold says the bill has been taken up by the Transportation Committee, who recently included it in the transportation omnibus bill. “And we’re pretty excited about that because now it will go to the committee …
Apr 05
Nebraska ag education programs continue to grow
Student participation in ag education programs in Nebraska continues to grow. State ag education director Krystl Knabe says 189 schools now offer ag classes. She says some of that growth is coming from non-traditional ag programs. “Kearney High School is planning to add a third teacher to their program next year to meet the local …
Apr 05
Farmer thanks Pence for support, urges him to make trade progress
Speaking to farmers at Lamb Farms in central Indiana yesterday, Vice President Mike Pence said the administration is working every day to expand markets and improve trading relationships. North central Indiana farmer Mike Beard thanked Pence for getting the U.S. Mexico Canada Agreement this far and said it needs to be ratified soon. Beard grows …
Apr 05
Dissecting USDA planting intentions
The USDA released its 2019 Prospective Planting estimates and quarterly grain stocks figures a week ago. University of Minnesota Extension grain market economist Ed Usset says there weren’t many surprises, but he suggests soybean acreage has come full circle. Continue reading Dissecting USDA planting intentions at Brownfield Ag News.
Apr 05
Trump: No summit with China until there’s a deal
President Trump says he is not ready to announce a trade summit with Chinese President Xi. Trump told reporters Thursday afternoon he met with China’s vice premier in the Oval Office. Trump says if there’s a deal, there will be a summit. The President says he should know if the U.S. and China reach a …
Apr 05
CoBank report predicts slow growth, challenges in ag economy
A CoBank economist says U.S. agriculture will face more challenges because of slow growth and uncertainty in the markets. Tanner Ehmke handles CoBank’s rural market and economy research, and he tells Brownfield, “If we can get the end of this trade war, that would be instant relief for a lot of farmers and ranchers out …
Apr 05
National Biodiesel Board pleased with tax incentive bill
The National Biodiesel Board says an extension of the biodiesel and renewable diesel tax incentives is needed. Regulatory Affairs Director Paul Winters tells Brownfield, “It’s very vital for a lot of companies across the country.” Winters says when the tax incentive expired at the start of 2018, it put biodiesel producers at a disadvantage. “The …
Apr 04
Vice President Pence talks trade with Indiana farmers
Vice President Mike Pence met with farmers in central Indiana today to discuss the importance of Congress ratifying the U.S. Mexico Canada Agreement sooner rather than later. Pence says farmers expressed the need for certainty when it comes to trade with Canada and Mexico “What I heard here today consistently is real urgency that farmers …
Apr 04
U.S. Congresswoman agrees with Perdue on importance of disaster aid
A U.S. Congresswoman from Minnesota hopes her colleagues listen to Ag Secretary Sonny Perdue so farmers can get access to disaster relief. Democrat Angie Craig tells Brownfield the Secretary was not out of line when he urged Congress to put politics aside to help victims of Midwest flooding. “I sure hope the Secretary is right …