July 12, 2024

Mink pelt production continued to fall in 2023. USDA says nationwide, mink pelt production was down 28% from 2022, and down 10% in Wisconsin, the nation’s leading mink producer. Wisconsin produced just over 514 thousand pelts in 2023, and Utah was the second-highest producer with just over 138 thousand. Mink breeding is also down, with […] The post Mink production down, pelt value up appeared first on Brownfield Ag News. View Full Story

A United Soybean Board farmer director says she’s excited to fund projects in the upcoming year that solve real time issues. Michigan’s Laurie Isley tells Brownfield she joined farmer leaders in Baltimore this week to approve nearly $174 million for the board’s 2025 budget. “We talked a lot about sustainability and putting some economic measurements […] The post USB board finalizes 2025 budget appeared first on Brownfield Ag News. View Full Story

Sep. corn closed at $4.02, up 1 and 3/4 centsAug. soybeans closed at $11.05, down 12 centsAug. soybean meal closed at $338.80, down $3.60Aug. soybean oil closed at 46.65, down 47 pointsSep. wheat closed at $5.50 and 3/4, down 20 and 1/2 centsAug. live cattle closed at $182.37, up 12 centsAug. feeder cattle closed at […] The post Closing Grain and Livestock Futures: July 12, 2024 appeared first on Brownfield Ag News. View Full Story

Soybeans were mostly lower on spread trade and profit taking, ending the week with big losses in the most active months. The USDA’s new crop U.S. ending stocks projection was down on the month, with a slightly lower crop guess for Argentina and no change for Brazil, leaving that estimate well above the most recent […] The post Corn up with lower new crop U.S. ending stocks appeared first on Brownfield Ag News. View Full Story

Chicago Mercantile Exchange live cattle futures were up with most contracts at a discount to the week’s direct business, while feeders were supported by cash demand expectations. August live was $.12 higher at $182.37 and October was up $.57 at $184.07. August feeders were up $2.50 at $258.65 and September was $1.75 higher at $258.10. […] The post Cash hogs close sharply lower Friday appeared first on Brownfield Ag News. View Full Story

Turkey hatchery numbers dropped during June. The USDA says there were 22.798 million turkey eggs in incubation at the start of July, a decrease of 15% on the year, partially due to producers trying to improve their bottom lines and the discovery of Highly Pathogenic Avian Influenza being found in some commercial flocks. 19.545 million […] The post Turkey hatchery numbers fall sharply appeared first on Brownfield Ag News. View Full Story

U.S. Senator Chuck Grassley says a farm bill markup needs to take place sooner rather than later. “The Senate is in session for less than six weeks between now and the end of September.” During his weekly ag press call, the Iowa Republican criticized the Senate Ag Committee’s recent agenda which included a hearing on […] The post Grassley critical of stalled farm bill progress appeared first on Brownfield Ag News. View Full Story

The executive director of the South Dakota Wheat Commission says winter wheat harvest continues to advance across the state. Last Monday, USDA said 9% of the crop had been harvested. Jon Kleinjan tells Brownfield “I heard there was a lot of combines rolling near Fort Pierre. The protein content has been average to above average […] The post A decent winter wheat crop expected in SD appeared first on Brownfield Ag News. View Full Story

The next CEO of Illinois Farm Business Farm Management (FBFM) says the organization is poised to help farmers through difficult financial times. Scott Newport, of DeKalb, tells Brownfield… “I am really excited for this opportunity.”  He says, “My work with FBFM over the last 35 years has been a great experience. Excited to lead the […] The post Illinois Farm Business Farm Management names next CEO appeared first on Brownfield Ag News. View Full Story

The USDA has increased its 2024 U.S. red meat production guess, while lowering the outlook for poultry. Beef production is projected at 26.655 billion pounds, up 65 million from June on expectations for higher steer and heifer slaughter to cancel out a lower cow slaughter, with an average steer price of $186.46 per hundredweight, up […] The post USDA raises 2024 red meat production, lowers poultry appeared first on Brownfield Ag News. View Full Story