December 27, 2024

Mar. corn closed at $4.54, up 1/4 cent Jan. soybeans closed at $9.80, down 8 cents Jan. soybean meal closed at $300.90, down $4.80 Jan. soybean oil closed at 39.47, down 37 points Mar. wheat closed at $5.46 and 1/2, up 5 and 1/2 cents Feb. live cattle closed at $190.65, up 55 cents Jan. feeder cattle closed at $261.37, up […] The post Closing Grain and Livestock Futures: December 27, 2024 appeared first on Brownfield Ag News. View Full Story

At the Chicago Mercantile Exchange, live and feeder cattle were higher, watching direct business develop.  Boxed beef was also higher during the session. February live cattle closed $.55 higher at $190.65 and April lives closed $.75 higher at $193.35.  January feeder cattle closed $2.07 higher at $261.37 and March feeder cattle closed $1.05 higher at […] The post Cattle futures finish the week higher appeared first on Brownfield Ag News. View Full Story

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A dairy economist says a trade war with Mexico would cause major issues for the U.S. dairy industry. Corey Geiger with CoBank tells Brownfield, “One in six tankers of milk leave our shores, and not necessarily our shores sometimes it just crosses our border.” “Our number one customer is Mexico. One in four dairy products […] The post Trade war with Mexico would be detrimental to dairy appeared first on Brownfield Ag News. View Full Story

Mexico’s president has announced the country plans to ban domestic production of genetically modified corn. The proposal comes after Mexico recently said it will comply with a USMCA dispute panel ruling that found the country’s ban on GMO corn imports from the U.S. violated the U.S.-Mexico-Canada Agreement. Greg McBride, director of brokerage for Allendale, says […] The post Mexico to ban domestic GMO corn planting, President Sheinbaum says appeared first on Brownfield Ag News. View Full Story

Soybeans were lower on profit-taking, giving back much of Thursday’s gains. Soybean meal moved lower to finish the week.  The trade has been keeping a very close eye on crop development weather in South America.  However, with decent rain in the forecast for the top soybean-growing state in Brazil, there is more support for a […] The post Wheat moves higher to end the week, soybeans were lower appeared first on Brownfield Ag News. View Full Story

U.S. ethanol production inched higher last week. The U.S. Energy Information Administration says production averaged one million, one hundred, ten thousand barrels per day, Ethanol stocks were reported at 23.1 million barrels, the largest level since the end of September.  Inventories grew across all regions except the East Coast and the Rocky Mountains. The Renewable Fuels Association says […] The post An increase in ethanol production appeared first on Brownfield Ag News. View Full Story

A University of Missouri Extension economist says the U.S. House Ag Committee has released estimated payment rates for producers in the Economic Loss Assistance Program. Ben Brown says the Continuing Resolution includes $10 billion in economic assistance to farmers. “The payment rates that were included are on planted acreage for 2024,” he says. “They are […] The post What you should know about the Economic Loss Assistance Program  appeared first on Brownfield Ag News. View Full Story

The owner of a southwestern Indiana dairy farm says providing dairy as a protein source in food banks helps address nutrition gaps. Sam Schoweppe is the director of business partnerships at Fresh Connect Central, operated by Gleaners Food Bank. “Dairy provides such a unique nutrient package that it solves many of the dietary challenges that people are […] The post From dairy farm to food bank appeared first on Brownfield Ag News. View Full Story