Lean hog futures closed the Friday session with contracts up 85 cents to $1.25. June was up $3.125 on the week to close over $100. USDA’s national average base hog negotiated price was back up 8 cents from the day prior at $91.39 in the Friday PM report. The CME...
The wheat complex closed Friday on a mixed note, as futures failed to hold much strength into the close. Chicago SRW futures settled with slight fractional gains, as May was 18 ¾ cents in the red this week. Kansas City HRW contracts were able to sneak out fractional gains in...
The corn market closed Friday with contracts mixed, as nearbys were up 1 ½ cents and new crop December down ¾ cent. May was down 3 ½ cents on the week. The nearby CmdtyView national average Cash Corn price was up 1 1/2 cents at $4.52 3/4. USDA reported a...
Cotton futures posted Friday losses of 37 to 45 points to round out the week that saw July up 167 points. The outside markets were mixed, with crude oil futures back up 39 cents/barrel and the US dollar index up $0.202 to $99.370 Weekly CFTC data showed spec funds trimming...
Soybeans slipped into the Friday close as fractional to 3 ¼ cent losses pulled the weekly gains to just 13 ¼ cents for the May contract. CmdtyView’s national front month Cash Bean price was down 3 cents at $10.03 ¾. Soymeal futures were up $1.30/ton, to slip $5.60 on the...
Live cattle futures saw contracts close steady to 75 cents higher on Friday, with June up $4.175 this week. Cash trade was delayed until Friday, with the South coming in at $212-213, up $2-3 from last week. Northern trade was up to $218, $4-5 higher on the week. Feeder cattle...
There are increasing reports of crop pests migrating north into the Midwest. Iowa State University Extension agronomist Angie Rieck-Hinz says there’s been significant black cutworm moth and true armyworm moth flights the past two weeks. “They’re migratory (so) they fly up from the south (and) are attracted to the green...
The National Weather Service in Omaha will resume weather balloon launches this week to help provide more accurate information to the region’s ag producers. Congressman Mike Flood of Nebraska says this is good news for farmers and ranchers. “Without that atmospheric data from weather balloons, it compromises the forecasting precision...
Wisconsin’s online weather and soil monitoring network has received some upgrades. Christopher Kucharik is with the Wisconsin Energy Institute, a part of the University of Wisconsin in Madison. He tells Brownfield the Wisconet environmental mesonet just launched a new website improving free and easy access to their network of monitoring...
States could soon be responsible for routine federal food safety inspections if budget proposals being considered by the Trump administration move forward. Joe Reardon with the National Association of State Departments of Agriculture is a former Senior Advisor for Federal-State Relations with the Food and Drug Administration. He tells Brownfield...
At the Chicago Mercantile Exchange, live cattle were mixed, feeders were higher, waiting for the week’s direct trade to develop. June live cattle closed $.25 higher at $208.25 and August live cattle were unchanged at $204.10. May feeder cattle closed $1.45 higher at $290.52 and August feeder cattle closed $1.60...
Soybeans were mixed, with nearby months ending the week higher. The trade was monitoring the early U.S. planting pace, expecting some delays, and Argentina’s harvest, which is behind due to rain. The Buenos Aires Grain Exchange says 14.5% of the crop has been harvested. Beans continue to wait for any...