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Brownfield Network 11/13/2019 16:56
Chicago Mercantile Exchange live cattle futures were sharply lower,. following the lead of feeders, despite another higher move in boxed beef at. midday and light, but steady to higher, direct business in the south. December. was down $1.65 at $118.10 and February was $1.47 lower at $124.10. Feeder cattle were down sharply on technical selling. November lost. $2.22 to $145.57 and January dropped $4.30 to $142.82. Direct cash cattle markets were mostly quiet.
Brownfield Network 11/13/2019 16:20
Milk futures on the Chicago Mercantile Exchange turned back higher at midweek despite the continued decline in cheese markets. November Class III milk up 15 cents at. $20.19. December up a dime at $18.79. January 10 cents higher at $17.79. February up nine cents at $17.19. March through June contracts six to 13 cents higher. Dry whey up $0.0075 at $0.29. Six sales were made at $0.2875 and $0.29. Blocks down $0.03 at $1.91. Four sales were made ranging from $1.8850 to. $1.91.
Brownfield Network 11/13/2019 16:10
Dec. corn closed at $3.75 and 1/4, down 2 and 1/2 cents Jan. soybeans closed at $9.15 and 1/4, down 1 and 3/4 cents Dec. soybean meal closed at $304.10, up $1.80 Dec. soybean oil closed at 30.53, down 50 points Dec. wheat closed at $5.09, down 8 cents Dec. live cattle closed at $118.10, down $1.65 Dec. lean hogs closed at $63.12, down $1.60 Dec. crude oil closed at $57.12, up 32 cents Dec.
Brownfield Network 11/13/2019 13:00
Direct cash cattle markets are mostly quiet. Light trade is reported. at $115 live in Texas, steady to $1 higher than last week’s weighted average. Asking prices are $117 to $118 live and $185 to $188 dressed, with a few bids. at $115 live in Kansas, but unless packer inquiry improves significantly, widespread. direct business isn’t expected to get underway until Thursday or Friday. It. remains to be seen if the market can sustain the rally of the last few weeks.
Brownfield Network 11/13/2019 12:35
A group of farmers and business owners is pushing for the resolution of trade issues. Sustained tariffs and the trade war with China are potentially hurting the agriculture economy for the next generation, said Brian Kuehl, executive director of Farmers for Free Trade. “This is having a very real impact on farmers,” Kuehl told Brownfield Ag News Wednesday at the National Association of the Farm Broadcasting convention in Kansas City. “Unfortunately for a lot of farmers, it makes the difference about whether they’re going to able to pass the farm onto their kids.”Those involved in manufacturing and agriculture production are, according to Kuehl, becoming fatigued by statements from the administration that a break in the China trade dispute
Brownfield Network 11/13/2019 12:29
An official with the Association of Equipment Manufacturers. says the latest U.S. farm equipment sales figures are cause for caution in the. ag sector. AEM’s October data shows a more than three percent decrease. in overall tractor sales compared to last year. Senior vice president of ag services Curt Blades says AEM is. hoping a return to stability in global trade policies and practices occurs soon. in order to ease uncertainty for farmers, and ultimately ag equipment. manufacturers.
Brownfield Network 11/13/2019 12:17
The director of Minnesota Milk suggests the closing of two. AMPI plants is not indicative of poor demand. Lucas Sjostrum tells Brownfield whatever the reason, his hope is the result is a more profitable dairy cooperative. "I’m not inside AMPI’s board room, I haven’t talked to them at length about this, but I do know the people there and I have faith they are making the best business decision for their coop.
Brownfield Network 11/13/2019 11:52
An executive with the Grain and Feed Association of Illinois. says farmers should take extra caution when storing and working around wet. grain. Jeff Adkisson tells Brownfield farmers are at the tail end of. a long harvest and some are working with large amounts of wet grain. "Just exercise extreme caution.
Brownfield Network 11/13/2019 11:00
An ag economics professor says financial stress in farm. country is currently much higher than 2013 but not as bad as the 1980’s. Michael Langemeier with Purdue University tells Brownfield farms with a negative profit margin ratio and a debt-to-asset ratio greater than 70% are considered financially stressed. "Land values are still holding up pretty good and so those who are financially stressed tend to be people who don’t own very much land.
Brownfield Network 11/13/2019 10:22
The CEO of the largest biodiesel producer in the U.S. says. the EPA’s supplemental biofuels proposal is not the “giant package” President Trump. promised. “Regrettably, it falls woefully short of the President’s. advanced billing.”Gene Gebolys, head of World Energy, told lawmakers at a recent. House subcommittee hearing that that EPA’s job is to administer the RFS law. Congress enacted, not to rewrite it. “EPA must be held to account to do the public’s bidding IN. public.
Brownfield Network 11/13/2019 10:10
Across the Corn Belt, patches of light precipitation. stretch from Nebraska and South Dakota into the Great Lakes region. As upper. Midwestern fields freeze, producers are selectively harvesting crops. Corn,. which in many cases needs additional time to dry down in the field, was 66%. harvested nationally on November 10. This represents the slowest U.S. corn. harvest pace since 2009, when the crop was 42% harvested on that date. On the Plains, temperatures have rebounded from Tuesday’s. frigid levels.
Brownfield Network 11/13/2019 10:05
A high-pressure system currently centered over the Ohio Valley will reach the northern and middle Atlantic Coast by Thursday morning. Subsequently, another strong high-pressure system will settle across the Great Lakes and Northeastern States late in the week. Meanwhile, several weak disturbances will produce periods of light snow across the North. Farther south, a developing storm system will result in rainy, breezy conditions across the Deep South and later—during the weekend—along the Atlantic Seaboard.
Brownfield Network 11/12/2019 19:03
Photo credit: Craig Chandler / University Communications, UNL. The stability of the farmland market continues to surprise many people. Nathan Kauffman, an economist with the Federal Reserve Bank. of Kansas City, says it’s a matter of supply and demand. "There has been sufficient demand for land at a time when. there still has just not been a lot of land being sold," Kauffman says.

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