August 21, 2024

Chicago Mercantile Exchange live cattle futures were mostly lower, watching direct trade develop, while feeders were up on oversold signals and the mostly lower move in corn. October live cattle were down $.97 at $174.62 and December $.82 lower at $174.27. September feeders were $1.17 higher at $235.67 and October was up $.35 at $231.67. […] The post Another round of light, lower direct cattle trade appeared first on Brownfield Ag News. View Full Story

Soybeans were modestly higher on short covering and technical buying, with most months near the high end of the day’s range. Near-term forecasts are warmer, and drier for parts of the region, potentially causing stress. A major crop tour has shown some variability in pod counts, but at this stage, the trade is still anticipating […] The post Soybeans manage modestly higher finish appeared first on Brownfield Ag News. View Full Story

A member of the House Ag Committee says the U.S. government needs to ensure dedicated annual funding for the inland waterway system.         Eric Sorenson, who represents Illinois’ 17th district, tells Brownfield… “I want to see this as part of the President’s budget.”  He says, “We’ve got to make sure that we understand that the lock […] The post Illinois Congressman wants permanent lock & dam funding appeared first on Brownfield Ag News. View Full Story

Sep. corn closed at $3.75 and 1/2, up 1/2 centSep. soybeans closed at $9.63, up 5 and 3/4 centsSep. soybean meal closed at $312.50, up 20 centsSep. soybean oil closed at 41.00, up 29 pointsSep. wheat closed at $5.19 and 3/4, down 13 and 1/4 centsOct. live cattle closed at $174.62, down 97 centsSep. feeder […] The post Closing Grain and Livestock Futures: August 21, 2024 appeared first on Brownfield Ag News. View Full Story

Domestic broiler sets and placement were up on the year last week. The USDA says 248.86 million broiler-type eggs were placed into incubation, climbing 658,000 from the previous week and moving 4% above a year ago, with the average hatchability rate holding at 79.5%. 192.825 million broiler-type chickens entered meat production, 395,000 less than the […] The post Broiler sets, placement hold higher trend appeared first on Brownfield Ag News. View Full Story

The Dean of the University of Illinois College of ACES says this fall’s class of incoming freshmen is the largest in decades. German Bollero tells Brownfield… “The largest in the college since the early ‘90s.”  He says, “So, we’re very excited about that. About 645 true freshmen coming through the door.” He says it’s the […] The post University of Illinois College of ACES sees largest freshman class in decades appeared first on Brownfield Ag News. View Full Story

U.S. milk production declined slightly in July 2024. The USDA says production in the top 24 milk states was 18.171 billion pounds, 0.2% less than in July 2023, with a 2 pound rise in average production per cow to 2,047 pounds canceled out by a slight decline in the number of cows being milked, from […] The post July milk production down on year appeared first on Brownfield Ag News. View Full Story

U.S. rice stocks on August 1st, 2024 were up sharply on the year. The USDA says rough rice in all positions at the start of the new marketing year was 32.433 million hundredweight, an increase of 34% from August 1st, 2023. That was due to a year-to-year increase in production and much larger old crop […] The post Domestic rice supply above a year ago appeared first on Brownfield Ag News. View Full Story

Chicago Mercantile Exchange cash dairy markets were mixed Wednesday. The USDA says cash cheese barrels were up $.01 and ¾ at $2.28 and ¼, the second day in a row with a gain while 40 pound blocks lost a half a cent, closing at $2.09 and ½ after starting the week steady. Double A butter […] The post Cash dairy mixed at midweek appeared first on Brownfield Ag News. View Full Story