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Brownfield Network 12/13/2019 17:39
U.S. Wheat Associates and the National Association of Wheat Growers say they’re encouraged by news of a trade agreement with China. Steven Mercer with U.S. Wheat says, “We don’t have a lot of details about what’s in it yet but we’re anxious to see what those are.”Mercer tells Brownfield China had been increasing the amount of U.S. wheat imports up until March of 2018 when retaliatory tariffs began. He’s also expecting more wheat shipments based on the outcome of a World Trade Organization ruling.
Brownfield Network 12/13/2019 17:30
Farmers for Free Trade’s Co-Executive director says they. need to see commitment from China to be satisfied with the phase one trade agreement. reached Friday. Brian Kuehl says there are doubts about President Trump’s claim that China will purchase $50 billion in ag products in a single year, noting that China has yet to confirm the pledge or provide details on how they will meet it. Since China has been importing ag products from a diverse group of other countries during the trade war, Kuehl says it will be difficult for China to quickly purchase such a large amount solely from the US.
Brownfield Network 12/13/2019 17:23
Missouri state agriculture director Chris Chinn says seeing a deal reached on the USMCA and now a tentative ag agreement with China is an early Christmas present for farmers. "Since day one of me being director at the Missouri. Department of Agriculture the USMCA is something I’ve been talking about. – how important this is to Missouri farms and ranches.".
Brownfield Network 12/13/2019 17:22
The details of the U.S. and China phase one trade deal have not been announced, but a Wisconsin corn grower says it’s the kind of news they’ve been waiting for. Tom Gillis is on the Wisconsin Corn Growers board and serves the U.S. Grains Council. He says, “I think just a deal announced and the agreement that there’s potential on the table, that’s probably good enough to kind of turn the frowns upside down you might say in the eyes of the farmers.”Gillis tells Brownfield the trade deal and the number of acres in prevent plant this year might boost prices, and it might encourage growers to plant more acres in 2020.
Brownfield Network 12/13/2019 17:16
Senate Finance Committee Chairman Chuck Grassley of Iowa called it an important milestone that Congress received the text and materials for the US Mexico Canada Agreement today. Grassley says he expects the House to pass the deal soon. followed by a review of the Finance Committee which he expects will approve it. as well. Grassley says final passage by the Senate "is in sight" – calling the USMCA a "historic win for farmers, autoworkers, manufacturers and all Americans."
Brownfield Network 12/13/2019 17:14
National Cattlemen’s Beef Association say they want to learn more about the details but are optimistic the phase one agreement with China could bring long lasting relief to farmers and ranchers. CEO Colin Woodall says they encourage the administration to keep working with China to establish “meaningful market access and rules of trade based on market demand and science.”
Brownfield Network 12/13/2019 17:11
Soybeans were. higher on fund and technical buying, helping the most active months to double. digit weekly gains. Phase one of the trade deal between the U.S. and China has. been confirmed, but more details will need to be ironed out, including about purchases. of U.S. ag goods. Reports have purchases in the tens of billions of dollars. over two years, but not a lot of specifics have been reported. The December 15th. tariffs will be averted and action will be taken on some duties, but President. Trump says other tariffs will be used as leverage in phase two negotiations.
Brownfield Network 12/13/2019 17:08
The President of the. Association of Equipment Manufacturers praises the Trump administration’s. decision to scale back tariffs and NOT put new tariffs this Sunday in place as. planned. Dennis Slater says it’s a. step in the right direction because it would have hurt equipment manufacturers. and would hurt farmers and rural communities even more than they’re hurting. now. AEM urges the administration to keep negotiating with China and remove ALL the tariffs still in place.
Brownfield Network 12/13/2019 16:53
At the Chicago. Mercantile Exchange, live cattle ended the day higher supported by higher cash. trade, strong wholesale values during the session, and optimism surrounding the. trade deal with China. Feeder cattle. were higher on the same factors. December live cattle closed $1.95 higher at $122.37 and February live. cattle closed $2.45 higher at 127.55. January. feeder cattle closed $3.12 higher at $145.67 and March feeders closed $2.80. higher at $146.25. Another round of light to moderate trade developed over the course of the day.
Brownfield Network 12/13/2019 16:08
Dec. corn closed at $3.66 and 1/4, down 3/4 cent Jan. soybeans closed at $9.07 and 1/2, up 9 and 1/4 cents Dec. soybean meal closed at $295.50, up $2.90 Dec. soybean oil closed at 32.27, up 24 points Dec. wheat closed at $5.39 and 1/4, unchanged Dec. live cattle closed at $122.37, up $1.95 Dec. lean hogs closed at $60.47, down 52 cents Jan. crude oil closed at $60.07, up 89 cents Mar.
Brownfield Network 12/13/2019 15:57
Indiana Farm Bureau photo. Indiana Farm Bureau has been providing Hoosier farmers a voice since 1919. President Randy Kron says the organization will continue to advocate for growers as they face challenging growing conditions, trade disputes, and low commodity prices. "There are a lot of roles for Indiana Farm Bureau to do in the future, but one thing I thinks going to be very important is making sure we have a unified voice from agriculture," he says.
Brownfield Network 12/13/2019 15:15
Milk futures were mostly down and cash dairy prices were mixed on the Chicago Mercantile Exchange Friday. December Class III milk was down $.03 at $19.40. January was down $.21 at $18.03. February was down $.07 at $17.60. March was down $.06 at 17.16. The milk futures from April through next November ranged from five cents lower to three cents higher. Dry whey was unchanged at $.3375 cents per pound. Six sales were recorded from $.3375 to $.34.
Brownfield Network 12/13/2019 13:08
Direct cash cattle trade activity is underway. A large string has sold in Iowa at $120, those are set for delayed delivery. Bids in other areas are at $119 live in Nebraska and Colorado and $188 to $190 dressed in the North. Asking prices for cattle still on showlists are at $121 live in the South and $190 plus, dressed, in the North. We saw a light to moderate trade reported in the South yesterday at $119, fully steady with last week’s weighted averages.
Brownfield Network 12/13/2019 12:05
Wisconsin’s new Farm Bureau President says there was clearly a shift by many delegates for some policy positions, especially dairy policy. Joe Bragger tells Brownfield, “There was a different attitude among the members and the delegates, and certainly looking at some of our policy, especially in dairy, with the mandate to open that toolbox and use every tool that we have and research and develop other options.”Farm Bureau delegates did not vote to support dairy supply management or growth management, but Bragger says Farm Bureau members want to know more about that and other possible tools.
Brownfield Network 12/13/2019 10:54
A tentative "phase one" U.S./China trade deal has been confirmed by the U.S. and China. Chinese officials this morning confirmed recent reports of progress on the agreement and says the U.S. will begin a roll back tariffs on Chinese goods. On Twitter, President Trump says China will buy more agricultural, energy, and manufactured goods, and the tariffs scheduled for the 15th will not be charged, but some tariffs will remain in place.
Brownfield Network 12/13/2019 10:43
Ag Secretary Sonny Perdue says he is expecting a third round. of 2019 Market Facilitation Program payments to be needed. “We don’t see a market move that would make it not needed. for the third tranche after the first of the year.”Perdue told reporters in Nebraska that no commitments are. being made on a Market Facilitation Program for 2020. “If we can get a deal with China, if markets move, if we can. accumulate these trading relationships that we have and we get back to a more. stable trade relationship, I would be hopeful that we wouldn’t need a third. market facilitation program.”Perdue says USDA authorizes the money, but the Office of. Management and Budget makes the allocation, adding that they were very helpful in. getting the second tranc.
Brownfield Network 12/12/2019 17:32
It’s common to see standing corn in the Dakotas. “Yah, well, less than 50 acres to go,” said Kevin Deinert, who farms in eastern South Dakota’s Davison County, “but when the snow comes you don’t dare try to push it too hard.”Deinert was forced from the field with just hours of corn shelling left. Despite the 2019 challenges that spilled into harvest, he’s pleased with his results. “I guess if there’s a silver lining to this year yet, that’s the crops that we have had in are doing well,” Deinert told Brownfield Ag News, during the South Dakota Soybean Association’s 2019 South Dakota AgOutlook.
Brownfield Network 12/12/2019 17:29
At the Chicago. Mercantile Exchange, live cattle ended the day mixed on spread. adjustments. Feeder cattle were mixed on. the same factors. December live cattle. closed $.15 lower at $120.42 and February live cattle closed $.22 lower at $125.10. January feeder cattle closed $.22 lower at. $142.55 and March feeder cattle closed $.22 lower at $143.45. A light to moderate direct. cash cattle trade took place in Kansas and Texas on Thursday at $119, live.

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