August 16, 2024

Cash dairy prices were mixed Friday on the Chicago Mercantile Exchange.  Dry whey was down $0.01 at $0.55.  Three sales were recorded, ranging from $0.5475 to $0.55.  Forty-pound cheese blocks were unchanged at $2.10.   One sale was recorded at that price.  Cheese barrels were up $0.0050 at $2.2550.  No sales were recorded.  Butter was up […] The post CME cash dairy prices mixed Friday appeared first on Brownfield Ag News. View Full Story

At the Chicago Mercantile Exchange, live and feeder cattle closed lower, pressured by direct cash business.  October live cattle closed $2.45 lower at $178.30 and December live cattle closed $2.50 lower at $178.12.  September feeders closed $4.17 lower at $239.50 and October feeders closed $4.95 lower at $235.95.  Direct cash cattle trade took all week […] The post Cattle, hog futures end the week lower appeared first on Brownfield Ag News. View Full Story

A U.S. appeals court has ruled federal law protects Bayer from a Roundup lawsuit in Pennsylvania. In a press release, Bayer officials say the Third Circuit Court of Appeals ruled in favor of Monsanto in the Schaffner v. Monsanto case, unanimously finding that the state-based failure-to-warn claims are preempted by the Federal Insecticide, Fungicide, and […] The post Bayer wins Third Circuit Court of Appeals ruling appeared first on Brownfield Ag News. View Full Story

A member of the Illinois Beef Association’s (IBA) Board of Governors says entries are now open for the inaugural Illinois Beef Quality Showcase. Warren County producer Thad Tharp tells Brownfield it’s a new carcass competition. “Producers throughout the whole state will have an opportunity to donate and take part in putting their cattle on test.”  […] The post IBA introduces inaugural Illinois Beef Quality Showcase appeared first on Brownfield Ag News. View Full Story

Sep. corn closed at $3.70 and 1/2, down 4 and 1/2 centsSep. soybeans closed at $9.38 and 3/4, down 12 and 3/4 centsSep. soybean meal closed at $303.40, down $4.50Sep. soybean oil closed at 39.95, up 48 pointsSep. wheat closed at $5.30, up 1 and 3/4 centsOct. live cattle closed at $178.30, down $2.45Sep. feeder […] The post Closing Grain and Livestock Futures: August 16, 2024 appeared first on Brownfield Ag News. View Full Story

The chairman of the U.S. House Ways and Means Committee says despite concerns a tax bill might not get passed this year, there’s a chance it could resurrected in the lame duck session of Congress. Jason Smith from Missouri says “it’s the Senate, whether we can pull them along to be productive. They’re a little […] The post Holding out hope for a tax bill this year appeared first on Brownfield Ag News. View Full Story

The general manager of one of the largest grain cooperatives in central Illinois says they’re gearing up for a big harvest. Derrick Bruhn, at Topflight Grain Cooperative, based in Monticello, says they’re also continuing to work through last year’s crop. “The producer is still holding on to some old crop, so you know that continues […] The post Projections for big crop & big piles in the Corn Belt appeared first on Brownfield Ag News. View Full Story

Soybeans were lower on speculative and technical selling, adding to what would have already been a down week. Development weather continues to look generally favorable in much of the region. There are certainly concerns about conditions and yield in some areas, but those are largely being balanced out by much better estimates and growing weather […] The post Soybeans, corn see further weather-related declines appeared first on Brownfield Ag News. View Full Story

A west-central Missouri farmer says some farmers might delay early corn harvest to save on drying costs. “We’re going to let Mother Nature do more of the drying in the field this year than harvesting early.” Ronnie Russell says farmers are looking to reduce input costs where they can this season, but there can be […] The post Looking for ways to save on costs this fall appeared first on Brownfield Ag News. View Full Story

An ag economist says it could take a few years to resolve the current downturn in the farm economy. “We’re definitely no longer in 2022,” said David Widmar with Agricultural Economic Insights. Widmar says farmers are trying to handle higher costs with lower incomes. “We’re just getting into the thick of it. We’re just now […] The post Farmers tackling margin squeeze period, economist says appeared first on Brownfield Ag News. View Full Story