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Brownfield Network 02/24/2020 16:27
Chicago Mercantile Exchange live cattle futures were sharply lower on. spillover from the broader market and the U.S. lifting its’ ban on imports of. beef from Brazil. February was down $2.72 at $117 and April was $3.00 lower at. $115.25. Feeder cattle were sharply lower, mostly limit down, on the same. factors as the live pit. March was $4.17 lower at $136.02 and April was down. $4.50 at $137.60. Direct cash cattle markets were quiet.
Brownfield Network 02/24/2020 16:21
The USDA says January 2020 poultry production was 4.525 billion. pounds, up 6% from January 2019. Chicken accounted for 3.997 billion pounds,. with turkey at 514.941 million and duck at 13.018 million pounds. The chicken slaughter was 4% higher at 828.726 million head, led by a. 4% jump in the young chicken category, while the turkey kill was down 1% at. 19.325 million and the duck slaughter was 3% higher at 2.528 million head.
Brownfield Network 02/24/2020 15:57
The USDA says the amount of pork in cold storage at the end of January was nearly a monthly record. The domestic supply was 625.188 million pounds, up 11% on the year and just short of the all-time high set in January 2016. Pork production has been at or near record levels for more than a year because of the available market ready numbers and demand, especially export demand, hasn’t kept pace with the speed of production.
Brownfield Network 02/24/2020 15:53
Milk futures on the Chicago Mercantile started the week lower with limited cash news. February Class III milk unchanged at. $17.01. March down two cents at $16.62. April nine cents lower at $16.47. May down 12 cents at $16.59. June. through September contracts eight to 12 cents lower. Dry whey unchanged at $0.37. Blocks down unchanged at $1.7675. Barrels unchanged at $1.59. Butter down $0.0175 at $1.7375.
Brownfield Network 02/24/2020 15:45
Vice President Mike Pence and U.S. Ag Secretary Sonny Perdue. will speak to Michigan Farm Bureau members in Lansing Tuesday. Michigan Farm Bureau President Carl Bednarski says their. Lansing Legislative Seminar typically has a state-focus, but they welcome the. Trump Administration officials and look forward to their remarks. Bednarski expects to hear more about the new Clean Water Act. rule, USMCA and other trade progress like with China. While it is a closed event, Brownfield Ag News will have more. details with Bednarski following the seminar.
Brownfield Network 02/24/2020 15:37
The National Cattlemen’s Beef Association says the Beef Quality Assurance Program is bringing more value to producers. Chase DeCoite. Chase DeCoite with the National Cattlemen’s Beef Association tells Brownfield he often gets questions from producers about the economic value of the Beef Quality Assurance Program and says a recent Colorado State study shows the program is helping to bring more dollars to producers.
Brownfield Network 02/24/2020 15:33
A director of one of Michigan State University’s research. centers says the state is well positioned to become a leader in national hemp. production. James DeDecker tells Brownfield Michigan’s diverse crop. landscape, experience with cannabis and manufacturing background will benefit. the industry. "We understand crops that require extra management and perhaps extra investment or infrastructure to produce them so that is definitely toward our advantage.".
Brownfield Network 02/24/2020 15:00
A lack of detail in the Phase One trade deal with China has left USDA analysts without much to work with in the way of ag trade estimates for the year ahead. Sharon Raszap says they know what they don’t know…. “It didn’t specify the timing that these purchases are going to be made. It also didn’t release a mix of commodities, so we don’t know how much of that value could go for soybeans, for corn, for fish. And, it also didn’t take away the tariffs on U.S.
Brownfield Network 02/24/2020 14:58
Another plant-based protein product will hit the market in April. Cargill announced they will offer a private-label patty and ground product to foodservice and retail outlets, allowing them to capture a share of the alternative protein market. Cargill says they’ve invested seven billion dollars globally in. animal proteins in the last five years and made strategic investments in. alternative protein. The company says the new pea-based and soy-based. products will be made in their existing facilities including Waco, Texas, and are comparable in consistency and flavor to. beef-based offerings.
Brownfield Network 02/24/2020 13:04
Direct cash cattle markets are quiet. The big features to start the. week will be the digestion of last week’s activity and the distribution of this. week’s new showlist. Last week’s business was mostly at $119 to $120 on the. live basis, generally steady to $1 higher than the previous week’s weighted. average, and mostly $190 dressed, about steady with the week before. The USDA’s. Cattle on Feed report showed a 1% decline in placements during January, the. first year to year dip since August 2019, but the total number of cattle on. feed at the start of February was still up 2% on the year.
Brownfield Network 02/24/2020 12:21
The USDA says corn, soybean, and wheat export inspections during the week ending February 20th all fell below what’s needed meet projections for the marketing year. The 2019/20 marketing year started June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out March 10th. Wheat came out at 411,523 tons, down 91,559 from the week ending February 13th and 356,047 lower than the week ending February 21st, 2019.
Brownfield Network 02/24/2020 12:13
President Trump travels to India this week in hopes of getting. trade negotiations back on track. Talks had been progressing for weeks, but U.S. Trade. Representative Robert Lighthizer did not make a scheduled trip to India ahead. of Trump’s visit. That’s seen as an. indication the two countries are farther apart on terms of an agreement than originally. thought. Last week the President said the U.S. can have a great deal with India, but he suggested it might not come until after the 2020 election.
Brownfield Network 02/24/2020 09:53
Canadian Minister of Agriculture Marie-Claude Bibeau says the country will ratify the US Mexico Canada Agreement soon. "We are going through our normal legislative process, but I can tell you it’s on the fast track," she says. During. the USDA’s Agricultural Outlook Forum on Friday, Bibeau said she wanted to reassure. everyone that Canada is committed to ratifying the agreement. "I don’t see any significant challenges and we should be able to proceed soon," she says.
Brownfield Network 02/24/2020 05:59
There’s increasing data that indicates soybean farmers see. better yields when planting early. If only capturing more bushels was that simple. Field conditions are typically less than ideal early in the spring, and an official with BASF says the tradeoff between an April planting date and trouble with germination might be as easy as a seed treatment. BASF seed treatment product manager Melissa Chu says the data connecting more bushels with earlier planting dates is encouraging.

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