July 2, 2024

Closing Grain and Livestock Futures: July 2, 2024

Sep. corn closed at $4.08, up 1 centAug. soybeans closed at $11.50 and 1/4, up 4 and 1/4 centsAug. soybean meal closed at $350.30, up $1.30Aug. soybean oil closed at 47.04, up 101 pointsSep. wheat closed at $5.81, down 9 and 1/4 centsAug. live cattle closed at $185.10, up 82 centsAug. feeder cattle closed at […] The post Closing Grain and Livestock Futures: July 2, 2024 appeared first on Brownfield Ag News. View Full Story

Heavy rainfall could cause river levels to keep rising

Iowa’s climatologist says the recent flooding in the Upper Midwest has caused devastating damage to many farming operations. Justin Glisan with the Iowa Department of Agriculture and Land Stewardship says the impacts have been widespread. “We’ve heard of livestock losses,” he said. “We’ve had some farmers in north central and northwestern Iowa have to replant […] The post Heavy rainfall could cause river levels to keep rising appeared first on Brownfield Ag News. View Full Story

A more expensive 4th of July Cookout

It’s no secret that grocery costs have gone up in recent years.  Bernt Nelson an economist with the American Farm Bureau Federation says the cost of a summer cookout has reached its highest level since the survey began in 2013. AUDIO: Healthy Living on 4th of July cookcout The post A more expensive 4th of July Cookout appeared first on Brownfield Ag News. View Full Story

Wheat gives back some gains

Soybeans were mixed, mostly modestly higher. The USDA’s May crush numbers were positive and margins remain bullish, which should continue to support crush activity. The national condition rating held steady with development ahead of average. Final acreage is still kind of a question mark, there were nearly 13 million acres unplanted prior to the release […] The post Wheat gives back some gains appeared first on Brownfield Ag News. View Full Story

Federal Milk Marketing Order recommendations “a mixed bag”

An American Farm Bureau Federation economist says USDA’s proposed changes to the Federal Milk Marketing Orders are not all good. Danny Munch tells Brownfield USDA addressed the “higher of” Class I milk price mover. “The biggest takeaway is that they do recommend a switch back to the “higher of” Class I mover, which was one […] The post Federal Milk Marketing Order recommendations “a mixed bag” appeared first on Brownfield Ag News. View Full Story

Temps to vary, near-seasonal rainfall ahead for much of the Heartland

Looking ahead, the 6- to 10-day outlook calls for near- or above-normal temperatures nationwide, with the greatest likelihood of hot weather covering the western U.S.  Meanwhile, above-normal rainfall across much of the South, East, and lower Midwest should contrast with drier-than-normal conditions across the northwestern half of the Plains and much of the West. The post Temps to vary, near-seasonal rainfall ahead for much of the Heartland appeared first on Brownfield Ag News. View Full Story

Much of the state is in a flood watch or warning

Rainfall across the state this morning ranged from one to three inches, and National Weather Service Meteorologist Craig Cogil says more storms are on the way. He say there will be areas of local heavy rainfall along with the potential for severe weather with damaging winds and even a tornado. Cogil says we’ll get a […] View Full Story

Federal funds okayed for Iowa dairies hit by bird flu

Iowa dairy producers who’ve been impacted by bird flu can now apply for federal emergency funding. The USDA expanded its Emergency Assistance for Livestock, Honeybees, and Farm Raised Fish Program to help cover lost profits from the virus. Dairy farmers are required to discard milk from sick cows to prevent the spread of pathogens. Matt […] View Full Story

Checkoff Sellback

Missouri Soybeans constantly provides information on where checkoff dollars are being spent. Outreach and Education Director Baylee Asbury says part of the organization’s transparency is referred to as Checkoff Sellback. They offer many opportunities throughout the year for farmers to provide their feedback on how the dollars can be better spent. Missouri Soybeans sees the […] The post Checkoff Sellback appeared first on Brownfield Ag News. View Full Story

IL Congressional delegates request review of grain terminal sale

Two Illinois congressional representatives have requested the Committee on Foreign Investment in the United States to immediately review the acquisition of a Mississippi River grain terminal by COFCO International, a Chinese state-run company. Congresswoman Nikki Budzinski says she and Representative Mike Bost have sent a letter to U.S. Treasury Secretary Janet Yellen. “I have very […] The post IL Congressional delegates request review of grain terminal sale appeared first on Brownfield Ag News. View Full Story