Folic acid an important “B”

An important B-vitamin for pregnant women is important to everyone. Part of what makes green, leafy vegetables so good for us is that they’re packed with vitamin B-9, also known as folic acid. Folic acid gets its name from the same word as “foliage.” You can find it in all kinds of leafy foods, from… Read more »

Whole cantaloupes to three states included

The FDA says Jensen Foods has included in its recall whole cantaloupes it shipped to Indiana, Wisconsin and Louisiana. In an internal review of its shipment records, the Colorado farm identified shipments to those three states that have the potential to contain the Listeria contamination that has led to more than 70 illnesses and more… Read more »

Milk checks will be smaller this month

The end of a rather disappointing month in the dairy markets on Friday. Cash cheese barrels lost another 3 cents on Friday to close at $1.64, blocks held steady at $1.72, butter steady at $1.76. Class III for October slipped 20 cents, November dropped 57 cents and December lost 33 cents per hundredweight. For the… Read more »

AFBF says direct payments need to stay

The American Farm Bureau Federation board of directors says it does not agree with proposals to completely do away with direct payments. A paper released by AFBF Thursday says although direct payments should be scaled back, they do not believe they should be eliminated as part of the risk management tools that farmers use now. AFBF’s… Read more »

Feedlot cattle trade at sharply higher prices

It took until early afternoon on Friday before feedlot operators and short bought, margin stressed packers conducted any business. When they did, live cattle sales in the Texas Panhandle were 4.00 to 5.00 higher at 120.00 to mostly 121.00, Kansas sales were 5.00 higher at 121.00. Trading was active in Nebraska on moderate to good… Read more »

Dismal losses tied to corn numbers

Soybeans, meal and oil all closed lower mainly because of spillover pressure from corn, but there’s also harvest pressure noted in soybeans. The soybean quarterly stocks, at 215 million bushels, are below expectations, so the number was actually neutral to friendly. DTN says that actually limited downside in soybeans, but sharply lower corn futures made… Read more »

Closing Grain and Livestock Futures: September 30, 2011

Dec. corn closed at $6.92 and 1/2, down 40 cents Nov. soybeans closed at $11.79, down 51 cents Oct. soybean meal closed at $304.70, down $12.20 Oct. soybean oil closed at 49.95, down 168 points Dec. wheat closed at $6.09 and 1/4, down 45 cents Oct. live cattle closed at $122.15, up $1.75 Oct. lean… Read more »

Pioneer soybean production plant opens in MO

Pioneer Hi-Bred opened what it says is the largest soybean production plant in the world on Friday – in Southeast Missouri. The $60 Million parent and commercial soybean seed production plant is in New Madrid County and company officials say it will help Pioneer meet the increased demand for their soybean products while bringing jobs… Read more »

Big drop in beef production predicted

By this time next year, beef production in the United States could be as much as seven percent below current levels. That’s one of the predictions by ag lender Rabobank in a new report entitled “Where’s the Beef?”   Rabobank global strategist David Nelson says the drought in the southern U.S. will result in “a dramatic… Read more »

CME Group could relocate to Indiana

A report out of Chicago suggests Indiana is trying to convince the CME Group to move its headquarters to Indiana.  According to Crain’s Chicago Business, Indiana is offering the CME Group $150 million in tax incentives to move the company’s headquarters.