February 12, 2025

Closing Grain and Livestock Futures: February 12, 2025

Mar. corn closed at $4.90 and 1/4, up 6 and 1/4 centsMar. soybeans closed at $10.27 and 3/4, down 15 and 3/4 centsMar. soybean meal closed at $294.10, down $2.50Mar. soybean oil closed at 45.66, down 47 pointsMar. wheat closed at $5.74 and 1/4, down 2 and 3/4 centsApr. live cattle closed at $195.72, down […] The post Closing Grain and Livestock Futures: February 12, 2025 appeared first on Brownfield Ag News. View Full Story

New Bishop named for Sioux City Catholic Diocese

Pope Francis has accepted the retirement request for Sioux City Catholic Diocese Bishop Walter Nickless. Bishop Nickless has served Sioux City since 2006 and says he submitted his request for retirement in May of 2022 as is required when you turn 75. He joked today about not getting approval until recently. “I was at Bishop […] View Full Story

Cotton farmer optimistic USDA payments will resume

A cotton farmer from Texas says she’s expecting the USDA to honor contracts for farmers participating in the Environmental Quality Incentives Program. Alisha Schwertner told the House Ag Committee in a hearing on Tuesday “We have $100,000 of outstanding funds with projects, but we’ve never not been paid. I’m confident in President Trump, he said […] The post Cotton farmer optimistic USDA payments will resume appeared first on Brownfield Ag News. View Full Story

Farmers will be key in new Michigan deer management strategy

Michigan’s Department of Natural Resources plans to increase partnerships with farmers to help manage deer populations and support hunger initiatives as part of an updated management plan. Chad Fedewa tells Brownfield the number of hunters in the state has declined by about a third over the past decade and reduced doe harvests are adding up. […] The post Farmers will be key in new Michigan deer management strategy appeared first on Brownfield Ag News. View Full Story

More year-over-year gains in broiler sets, placements

Broiler sets and placements continue to run faster than last year’s pace. The USDA says 248.567 million broiler-type eggs were set into incubators, rising 497,000 on the week and 3% on the year, with average hatchability at 79%, near recent weeks. 191.335 million broiler-type chicks were placed into meat production, falling 354,000 from the previous […] The post More year-over-year gains in broiler sets, placements appeared first on Brownfield Ag News. View Full Story

Senate drops portions of Governor Braun’s property tax relief bill 

Some farmers are concerned how a proposed amendment to Governor Mike Braun’s property tax relief bill could impact their operations. State representative Kendell Culp says it would provide property tax relief over a three-year period. “We currently are at an 8% capitalization rate,” he says. “The Senate is moving legislation to move it to 9%. Neither […] The post Senate drops portions of Governor Braun’s property tax relief bill  appeared first on Brownfield Ag News. View Full Story

Evaluating red meat yield in today’s beef industry

The past chair of the National Cattlemen’s Beff Association’s Federation of State Beef Councils says the current red meat yield equation is outdated.  Dan Gattis, a Texas cattle producer, says it has been more than 60 years since the beef industry updated its methods for compensating producers for their products. “How much of a product […] The post Evaluating red meat yield in today’s beef industry appeared first on Brownfield Ag News. View Full Story

Ethanol production, stocks decline

U.S. ethanol production and stocks dipped over the past week. The U.S. Energy Information Administration says production averaged 1.082 million barrels per day, down 30,000 on the week and 1,000 on the year. Part of the reason for the decline was profitability, which is influenced by several factors including corn prices and the cost of […] The post Ethanol production, stocks decline appeared first on Brownfield Ag News. View Full Story

Pre-enrollment opens for new I-COVER program

The director of the Illinois Department of Agriculture says farmers in three states can now pre-enroll for a new cover crop cost-share program. Jerry Costello says the Infield Conservation for Operationalizing Vital Ecosystem Resilience Program, or I-COVER program offers significant financial incentives to new adopters of cover crops. “Cover crops is something that people understand […] The post Pre-enrollment opens for new I-COVER program appeared first on Brownfield Ag News. View Full Story

New statewide biofuels tax credit could help farmers grow demand

The Indiana Senate has passed a bill that would give biofuel tax credits to fuel retailers across the state. Indiana Corn Growers Association President Chris Cherry says Senate Bill 254 would help increase demand for corn.  “It’s huge for Indiana farmers,” he says. “It helps retailers build up their infrastructure so that they are able […] The post New statewide biofuels tax credit could help farmers grow demand appeared first on Brownfield Ag News. View Full Story