August 7, 2024

A U.S. Representative from Iowa says she’s concerned about the rising number of ag equipment companies reducing workforce. “Anyone who has lost their job, my heart goes out to them,” Republican Ashley Hinson said. Hinson says the ag economy has been impacted by several factors. “The inflation that people have seen, the input prices people […] The post Hinson: Ag equipment layoffs a ‘warning sign of things to come’ appeared first on Brownfield Ag News. View Full Story

At the Chicago Mercantile Exchange, live cattle were up, and feeders were lower, waiting on the week’s direct cash business.  October live cattle closed $.22 higher at $179.27 and December live cattle closed $.07 higher at $178.12.  September feeder cattle closed $1.67 lower at $238.90 and October feeders closed $.90 lower at $238.12.  Direct cash […] The post Cattle futures watching direct business develop appeared first on Brownfield Ag News. View Full Story

Sep. corn closed at $3.83 and 1/4, down 5 and 1/2 centsSep. soybeans closed at $10.05 and 1/4, down 8 and 3/4 centsSep. soybean meal closed at $323.60, down $7.00Sep. soybean oil closed at 42.07, up 122 pointsSep. wheat closed at $5.38 and 1/4, down 5 centsOct. live cattle closed at $179.27, up 22 centsSep. […] The post Closing Grain and Livestock Futures: August 7, 2024 appeared first on Brownfield Ag News. View Full Story

An Ohio agronomist says the hot and dry weather has helped prevent the fast spread of tar spot. Agrigold’s Scott Bugg tells Brownfield the disease was found a month earlier in the crop. “We just need the environment for it to spread and we will get that at some point and tar spot can move relatively fast on a […] The post Treating tar spot or losing yield loss appeared first on Brownfield Ag News. View Full Story

Soybeans were lower on speculative and technical selling. Near-term forecasts for most of the region look mild, but some areas do need rain to ensure the full success of the crop. The USDA’s national condition rating remains above a year ago and while that’s not a 1:1 guarantee for crop size, the trade seems to […] The post Soybeans, corn stay on lower trend appeared first on Brownfield Ag News. View Full Story

An ag lobbyist says she expects to see a proposed rule from USDA soon as the agency works to create a new carbon market verification program. Samantha Buchalter with the Russell Group helps manage the Food and Agriculture Climate Alliance. “We’re all working together to advance voluntary and incentive-based policies,” she says. The USDA recently […] The post USDA’s carbon verifier proposed rule possible before 2025 appeared first on Brownfield Ag News. View Full Story

The USDA’s weekly broiler hatchery numbers continue to imply a year-to-year increase in chicken production. 250.597 million broiler-type eggs were put into incubation last week, 2.163 million higher than the week before and 4% above a year ago, with average hatchability improving slightly to 79.5%. 190.778 million broiler-type chicks entered meat production, a decline of […] The post Broiler hatchery numbers continue to rise appeared first on Brownfield Ag News. View Full Story

An official with USDA says progress is being made in developing guidance for sustainable aviation fuel tax credits.  USDA undersecretary for farm production and conservation Robert Bonnie says there’s pressure to finalize the 45Z tax credit. “We want to move as quickly as we can because we know farmers need certainty. There’s sort of three […] The post USDA official says 45Z guidance is progressing appeared first on Brownfield Ag News. View Full Story

An ag economist says he doesn’t expect the outlook for the farm economy to improve anytime soon. University of Missouri’s Scott Brown says profitability in the sector hasn’t been this slim since 2018-2019. “Input costs continue to be fairly high for producers of almost all our commodities, and labor stays high,” he says.  “From a […] The post Economist says ag economy will continue to face pressure appeared first on Brownfield Ag News. View Full Story