December 9, 2024

At the Chicago Mercantile Exchange, live cattle were up, and feeders were mostly higher, supported by the recent strength in direct business. Boxed beef was also higher. February live cattle closed $.85 higher at $287.02 and April lives closed $.65 higher at $188.95.  January feeder cattle closed $.02 lower at $255.80 and March feeders closed $.52 […] The post Solid start to the week for cattle futures appeared first on Brownfield Ag News. View Full Story

Mar. corn closed at $4.41 and 3/4, up 1 and 3/4 centsJan. soybeans closed at $9.90, down 3 and 3/4 centsJan. soybean meal closed at $289.60, up $2.20Jan. soybean oil closed at 42.80, down 17 pointsMar. wheat closed at $5.58 and 3/4, up 1 and 1/2 centsFeb. live cattle closed at $187.02, up 85 centsJan. […] The post Closing Grain and Livestock Futures: December 9, 2024 appeared first on Brownfield Ag News. View Full Story

An ag policy expert says he expects a lot of uncertainty as President-elect Trump prepares for his second term. Jim Wiesemeyer says there are some concerns for agriculture in his second term, but there are some opportunities. “One is deregulation,” he says. “One of his signature issues during his first administration was deregulation. For every […] The post Trump 2.0 comes with some uncertainty, and expected ups and downs appeared first on Brownfield Ag News. View Full Story

The Illinois Farm Bureau (IFB) delegation continues to grapple with the association’s expulsion from the American Farm Bureau Federation.   Monday morning’s delegate session started with a motion from the floor to add the removal of current IFB president Brian Duncan to the meeting’s agenda. Christian County Farm Bureau president Matt Heberling tells Brownfield the move […] The post Motion to remove IFB president shot down appeared first on Brownfield Ag News. View Full Story

The USDA says corn, soybean, and wheat export inspections as of the week ending December 5th remain ahead of the pace needed to meet projections for the current marketing year. The 2024/25 marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next round of supply and […] The post Corn, soybean export inspections up on year appeared first on Brownfield Ag News. View Full Story

With less than two weeks remaining in the lame duck session, an ag policy expert says Congress is inching closer to a farm bill extension. Nebraska Farm Bureau Senior Director of National Affairs Jordan Dux tells Brownfield the question is now, how long it will be extended. “And then, what that means for the future […] The post NEFB policy expert says farm bill extension discussions are heating up appeared first on Brownfield Ag News. View Full Story

The executive director of the World Initiative for Soy in Human Health says growing populations are driving demand for more protein. Gena Perry says the industry is targeting new markets for U.S. soy, which helps boost demand. “The FAO, Food and Agriculture Organization of the United Nations, sees that animal protein is expected to double by […] The post ASA and WISHH highlight importance of emerging markets appeared first on Brownfield Ag News. View Full Story

The Soy Transportation Coalition executive director says the St. Lawerence Seaway is helping diversify agricultural export channels. Mike Steenhoek tells Brownfield, “The Great Lakes can and should play a bigger role in farmers being competitive in the international marketplace.” “It’s never going to rival the Mississippi Gulf or the Pacific Northwest, but it’s one of […] The post St. Lawerence Seaway supporting actor for ag exports appeared first on Brownfield Ag News. View Full Story