November 7, 2024

Cattle futures higher ahead of cash trade

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, waiting on direct business to develop. December live cattle closed $.42 higher at $185.82 and February lives closed $.70 higher at $187.42.  January feeders closed $.30 higher at $244.32 and March feeder cattle closed $.50 higher at $242.25.  Direct cash cattle trade […] The post Cattle futures higher ahead of cash trade appeared first on Brownfield Ag News. View Full Story

South Dakota farmer interested in new ag trade policy

A South Dakota farmer says he’s looking forward to seeing how the ag trade picture could change in a new administration. Scott VanderWal tells Brownfield “I’m disappointed the Biden administration isn’t doing much on it. We need to get our products sold outside the country or wherever we can and expand those markets.” Incoming President […] The post South Dakota farmer interested in new ag trade policy appeared first on Brownfield Ag News. View Full Story

Closing Grain and Livestock Futures: November 7, 2024

Dec. corn closed at $4.27 and 1/2, up 1 and 1/4 centsJan. soybeans closed at $10.26 and 1/4, up 22 and 1/2 centsDec. soybean meal closed at $298.50, up 10 centsDec. soybean oil closed at 48.32, up 198 pointsDec. wheat closed at $5.71 and 1/2, down 1 and 3/4 centsDec. live cattle closed at $185.82, […] The post Closing Grain and Livestock Futures: November 7, 2024 appeared first on Brownfield Ag News. View Full Story

Boozman: ag economic relief package being negotiated

The ranking member of the Senate Agriculture Committee says lawmakers have been working on an economic relief package to help farmers get through the tough farm economy. “The question is what can we get together to sell to the rest of Congress?” John Boozman tells Brownfield there are several proposals being considered, including The FARM […] The post Boozman: ag economic relief package being negotiated appeared first on Brownfield Ag News. View Full Story

Soybeans see strong close on soybean oil strength

Soybeans were higher on commercial and technical buying. There was also spillover from soybean oil, which was supported by the strength in palm oil. Export sales were down on the week, but larger than average at 74.9 million bushels, with China and unknown destinations in the lead, and it was a solid week for shipments. […] The post Soybeans see strong close on soybean oil strength appeared first on Brownfield Ag News. View Full Story

Researchers work to strengthen U.S. wine industry

A recent nationwide study finds labor and adapting to a changing climate are top challenges for the wine industry. Michigan State University Extension’s viticultural educator Esmaeil Nasrollahiazar tells Brownfield researchers hope identifying major issues will generate future USDA Specialty Crop Block Grant collaborations across the country. “As far as I know, 15 states are involved […] The post Researchers work to strengthen U.S. wine industry appeared first on Brownfield Ag News. View Full Story

Farm labor reforms coming from multiple angles

New farm labor legislation in the next Congress could bring relief for farmers. Michael Marsh with the National Council of Agricultural Employers tells Brownfield he’s optimistic farm labor reform his organization has developed can gain traction in the next Congress. “If we can get it introduced, I think we would appeal to both Republicans and […] The post Farm labor reforms coming from multiple angles appeared first on Brownfield Ag News. View Full Story

Farmers more optimistic about the ag economy, but still show concerns

An ag economist says producers are showing optimism about improvements in the ag economy, but still hold concerns about current conditions. Jim Mintert is with Purdue’s Center for Commercial Agriculture. “Clearly people are still worried about those key factors of what it costs to put a crop in the ground and what they’re going to sell […] The post Farmers more optimistic about the ag economy, but still show concerns appeared first on Brownfield Ag News. View Full Story

2024 a strong year for ethanol

2024 has been a strong year for the ethanol industry. Minnesota Biofuels Association executive director Brian Werner says ethanol stakeholders are in a position of strength. “We’ve seen great production numbers, we’ve seen great exports. Exports to Canada and other places around the world have really been strong, so I think overall it’s been a […] The post 2024 a strong year for ethanol appeared first on Brownfield Ag News. View Full Story

University buying property ‘in the heart’ of Iowa City campus

The University of Iowa currently owns just over half of a shopping mall in downtown Iowa City and the Iowa Board of Regents has approved a plan to buy the Old  Capitol Town Center for $20.5 million. “This is less about either the short or long term need for the first floor commercial space in […] View Full Story