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Brownfield Network 05/26/2020 17:02
Daily slaughter totals continue to slowly climb back toward. pre-COVID-19 levels and an ag economist says it couldn’t happen soon enough. University of Missouri’s Scott Brown says we’re in much better shape than many expected we would be right now. “If you look at last week’s slaughter totals relative to a year ago, cattle slaughter is down about 14 percent and hog slaughter is down about 8 percent,” he says. “If you remember we were talking about vs.
Brownfield Network 05/26/2020 16:52
Wet conditions put Tennessee farmers further behind in their planting progress on corn, cotton, and soybeans. In fact, some farmers are considering switching their cotton acres to soybeans at this point. A few hay producers were able to squeeze in some hay cuttings, but most were kept out by wet conditions. Eighty-six percent of the state’s corn crop. has been planted, 71 percent emerged, and 67 percent is rated good to excellent. Thirty-nine percent of soybeans have been planted and 21 percent of the crop has emerged.
Brownfield Network 05/26/2020 16:28
At the Chicago Mercantile Exchange, both live and feeder cattle closed higher on broader market support and Friday’s on feed numbers. June live cattle closed $1.70 higher at $99.40 and August contracts closed $1.92 higher at $99.25. August feeder cattle closed $4.50 higher at $133.30 and September feeder cattle closed $4.27 higher at $134.42. A very light direct cash cattle trade was reported to start off the shortened week. Dressed deals in Nebraska are at $190, which is generally steady with last week’s business.
Brownfield Network 05/26/2020 16:22
Soybeans were higher on fund and technical buying. China bought 258,000 tons of U.S. beans, 60,000 for 2019/20 and 198,000 for 2020/21, and unknown destinations picked up 216,000 tons of old crop bean meal. That was the first announced sale to China in nearly two weeks and Beijing and Washington D.C. continue to spar over COVID-19, purchases under Phase One of the trade agreement, and other issues. Beans are watching U.S. planting weather, expecting warmer, drier conditions starting later this week for many areas.
Brownfield Network 05/26/2020 16:21
Rain and saturated soils prevented many Illinois farmers. from planting last week, but corn emergence grew closer to average. The USDA reports as of Sunday 89% of the corn crop is. planted with 66% emerged. That is a jump of 23 percentage points from the week. before and just three points behind the five-year average. In USDA’s first corn. rating of the year, Illinois’ crop is rated 55% good to excellent, with 28% in. fair condition.
Brownfield Network 05/26/2020 16:16
A pork producer has seen the value of his sows plummet during the coronavirus pandemic. Paul Sobocinski farms near Wabasso in southwest Minnesota. “I have a farrow to finish hog operation, so sows that I’m looking at selling (are) worth nothing. A sow that should be worth $130 to $150 might be only worth $20 to $30, if you can find a buyer for them.”He tells Brownfield his butcher hogs have not been impacted the same way as many integrated hog operations have been.
Brownfield Network 05/26/2020 15:57
June Class III milk futures on the Chicago Mercantile Exchange. up 49 cents to $17.52. July 42 higher at. $16.86. August through October contracts. 33 to 39 cents higher. Dry whey down $0.0225 at $0.34. Six trades were made, with a range of $0.34. to $0.3550. Blocks up $0.0250 at $1.9625. Barrels $0.02 higher at $1.91. Four trades made, ranging $1.89 to $1.91. Butter down $0.0125 at $1.58. Three trades, with a range of $1.58 to. $1.5875.
Brownfield Network 05/26/2020 15:42
The USDA says it will award grants for infrastructure allowing higher blends of biofuels. Helping fuel retailers and distributors put in equipment for higher blends of ethanol and biodiesel will lead to increased usage, according to Steve Censky, Deputy Secretary at the USDA. “If they get used to [higher blends of ethanol and biodiesel], and they’re offered a choice, we think more and more consumers will choose it,” said Censky, in an interview provided by the USDA, “and that’s that kind of market based demand that we’re really looking to try to incentivize.”The Higher Blends Infrastructure Incentive Program offers $86 million for ethanol-related projects and $14 million for biodiesel, said Censky.
Brownfield Network 05/26/2020 14:48
USDA meteorologist Brad Rippey has been looking at long-term precipitation trends. Rippey says the data shows more heavy and off-season rain. events than there were fifty years ago. "For the country as a whole, if you break it down and just look at it over the last 50 years, we’re about an inch wetter than what we saw back in 1970," he says. That may not sound like much.
Brownfield Network 05/26/2020 14:19
A new program in Illinois is helping match furloughed or unemployed. veterans with farms that have an immediate need for labor during COVID-19. Farmer Veteran Coalition of Illinois Secretary Raghela Scavuzzo tells Brownfield the Farm Corps program is like classifieds on the internet. "All the farm has to do is go to the farmer veteran webpage and register their job posting.
Brownfield Network 05/26/2020 13:30
The National Milk Producers Federation says there might be confusion about CFAP eligible payments for dairy producers. Senior Vice President Chris Galen tells Brownfield they have been told by USDA that cull cows are available for payment because they are also part of the beef supply. Galen says he hopes county FSA offices have that same understanding. #There is a payment available depending on your first quarter inventory, and even your second-quarter inventory for them, so that is something that USDA has assured us will be the case, and that’s why I’m glad we’re talking here because if people get pushback from their county office that culled cows are not eligible, then we need to know about that and hold USDA’s feet to the fire.”Unlike G.
Brownfield Network 05/26/2020 12:56
A very light direct cash cattle trade has been reported to start the day. Dressed deals in Nebraska at $190, fully steady with the top of last week’s business. A few asking prices in the South have been reported at $120 live. Last week’s business happened a little at a time and we saw a huge range of prices. Dressed deals in Nebraska ranged from $175 to $190 and Iowa ranged from $174 to $190.
Brownfield Network 05/26/2020 12:11
The USDA says wheat export inspections as of the week ending May 21st have passed the level needed to meet expectations for the soon-to-end 2019/20 marketing year. The current marketing year got underway June 1st, 2019 for wheat and September 1st, 2019 for corn, sorghum, and soybeans. Wheat came out at 457,777 tons, down 33,999 from the week ending May 14th and 75,124 lower than the week ending May 23rd, 2019. The primary destinations for the week were China and the Philippines.
Brownfield Network 05/26/2020 12:11
The USDA has raised its food price forecast for the year to between two and three percent. USDA economist Giana Short initially expected food costs to rise as little as half of a percent, but, “We’re now expecting those prices to increase between two and three percent.”Short says the food inflation forecast had to be adjusted because of some price hikes during April that had not jumped that much in decades. Short says most of those April price jumps came from meat products when demand shifted from restaurants and foodservice to retail during the COVID-19 lockdown.
Brownfield Network 05/26/2020 09:47
Farmers can begin signing up for the USDA’s Coronavirus Food Assistance Program today. The program aims to provide vital assistance to producers of. eligible commodities who have suffered a 5% or greater price decline or who had. market supply chain disruptions due to COVID-19. Undersecretary Bill Northey says they have tried to make the. process as easy as possible. "We will have an actual form that will be on there and a payment calculator as well.

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