October 3, 2024

Temporary agreement reached, ports to resume operations

Port workers have reached a tentative agreement to end a three-work stoppage at East and Gulf Coast ports.  Mike Steenhoek with the Soy Transportation Coalition says having supply chain certainty is critical to the ag industry. “We’re not just delivering soybeans and other agricultural products next door,” he says. “We’re delivering those products halfway around […] The post Temporary agreement reached, ports to resume operations appeared first on Brownfield Ag News. View Full Story

AADC, AFBF continue call for mandatory dairy cost of production surveys

Farmers and farm organizations continue to express concerns about USDA’s proposed changes to the Federal Milk Marketing Order system.  American Farm Bureau Federation economist Danny Munch told a group of farmers, economists, and industry experts Farm Bureau still wants to see mandatory cost of production surveys to justify any increase in the make allowances, the […] The post AADC, AFBF continue call for mandatory dairy cost of production surveys appeared first on Brownfield Ag News. View Full Story

Market analyst: corn market harvest lows likely in

A market analyst says he thinks the corn market has hit harvest lows and it might not be a bad time to market new crop corn. Tim Marsh with Summit Commodities says the weekly charts hit lows around $3.60 in the September contract before it expired and higher corn prices hit on October 2. “We […] The post Market analyst: corn market harvest lows likely in appeared first on Brownfield Ag News. View Full Story

Developer makes pitch to state regulators for Cedar Rapids casino

Developers of a casino proposed for Cedar Rapids are making their presentation to state regulators today. The presentation was streamed by KCRG TV, and Suzanne Leckert, a consultant with Convergence Strategy Group says cellphone tracking data shows a need for a new casino. “What all of this tracking data showed us is that Cedar Rapids […] View Full Story

Easy to second guess with these markets

Corn and soybean farmers might be second guessing marketing decisions this harvest season. Josh Hitzhusen from Rockwell in north-central Iowa was recently asked by Brownfield about his approach to selling. “Probably the wrong one. Marketing is something that we’ve all felt lacking in the last couple years. I’ve talked to very few people that really […] The post Easy to second guess with these markets appeared first on Brownfield Ag News. View Full Story

Illinois Livestock Development Group facilitating industry growth

A northwestern Illinois cattle producer says the Illinois Livestock Development Group is helping to facilitate investments in the industry across the state. Ellen Rahn, who’s family operation is based in Carroll County, tells Brownfield… “Whether they’re looking to establish new buildings, or making improvements on old ones,” she says. “Also helping that younger generation come […] The post Illinois Livestock Development Group facilitating industry growth appeared first on Brownfield Ag News. View Full Story

India shows short and long-term market potential for U.S. corn

The president of the Iowa Corn Growers Association sees short and long-term market potential in India. Stu Swanson recently visited the country on a trade mission with Iowa’s governor and secretary of agriculture. “This is a mission that we’re building markets for the future. It probably isn’t going to impact my operation, but it certainly […] The post India shows short and long-term market potential for U.S. corn appeared first on Brownfield Ag News. View Full Story

Cash cattle trade remains at a standstill

Chicago Mercantile Exchange live and feeder cattle futures were mixed, with boxed beef mixed at midday, waiting for the week’s direct business. December live was down $1.30 at $186.40 and February was $.65 lower at $187.75 November feeders were down $.42 at $248.12 and January was up $.47 at $242.55. Direct cash cattle trade remained […] The post Cash cattle trade remains at a standstill appeared first on Brownfield Ag News. View Full Story

Closing Grain and Livestock Futures: October 3, 2024

Dec. corn closed at $4.28 and 1/4, down 4 and 1/4 centsNov. soybeans closed at $10.46, down 10 centsDec. soybean meal closed at $332.50, down $7.90Dec. soybean oil closed at 44.53, up 89 pointsDec. wheat closed at $6.03 and 1/2, down 11 and 3/4 centsDec. live cattle closed at $186.40, down $1.30Nov. feeder cattle closed […] The post Closing Grain and Livestock Futures: October 3, 2024 appeared first on Brownfield Ag News. View Full Story

Southeast Iowa harvest update

A southeast Iowa farmer says soybean harvest progress continues to be steady and yields have been better than expected. Tim Meyer raises corn and soybeans in Henry County. “Yields are running anywhere from the low to mid 70s to the mid to high 80s. I just can’t complain about that. There’s a lot of beans […] The post Southeast Iowa harvest update appeared first on Brownfield Ag News. View Full Story