Sioux Falls Morrell plant cited

John Morrell and Co. agreed Friday to pay $44,079 for dozens of violations of the Clean Water Act. In a federal suit filed last week, the South Dakota Department of Environment and Natural Resources cited the Sioux Falls hog processing plant for 58 violations since May 2008 and said the plant was noncompliant with federal… Read more »

Quiet, higher day for grains and oilseeds

Soybeans were higher on technical and fund buying, along with spillover from the outside markets. The dollar was lower while the Dow, gold, and crude oil were higher on easing concerns over European economic health. At this point, the trade’s pretty much just waiting for Wednesday’s USDA supply, demand, and production numbers. The trade sees… Read more »

Livestock and grains and the RFS

The biofuels debate keeps ratcheting up, especially where ethanol is concerned. Livestock groups laid out their frustrations when a bill was introduced in the House last week that aims to tie the Renewable Fuels Standard to U.S. corn supplies. Kevin Kester, President of the California Cattlemen’s Association, spoke on behalf of the National Cattlemen’s Beef… Read more »

A rather slow day in the futures market

Formula totals for the cattle last week were sharply lower in Texas, but more were marketed in Kansas and Nebraska. The total trade volume was generally smaller than the previous week especially in Texas. The new show lists collected on Monday shows the weeks offering to be generally steady with last week. Asking prices are… Read more »

Closing Grain and Livestock Futures: October 10, 2011

Dec. corn closed at $6.05, up 5 cents Nov. soybeans closed at $11.77 and 1/2, up 19 and 1/4 cents Oct. soybean meal closed at $304.70, up $4.60 Oct. soybean oil closed at 49.86, up 79 points Dec. wheat closed at $6.11 and 1/2, up 4 cents Oct. live cattle closed at $120.02, down $1.95… Read more »

Clark’s catches help fund essay contest

Indiana High School seniors have the opportunity to win cash prizes to help fund their college education.  The Indiana Corn Marketing Council and the Indiana Soybean Alliance, in conjunction with the Indianapolis Colts have created the Hoosier Horsepower Essay Contest.   Indianapolis Colts tight end Dallas Clark says he realizes college education is important, but it… Read more »

ASA urges growers to contact Congress

With the U.S. the House and Senate expected to vote on U.S. Free Trade Agreements with Columbia, Panama and South Korea on Wednesday, October 12, the American Soybean Association (ASA) is urging members to contact members of Congress ASAP, urging support. In the ASA Action Alert, the organization provides growers with key talking points. •… Read more »

Monday midday cash livestock markets

It is pretty much the normal Monday routine in cattle country with buyers and sellers’ busy taking inventory for this week’s show lists. Bids and asking prices have yet to be determined but best early guesses are the new offerings will be priced around 123.00 to 124.00 live and 193.00 plus on the dressed. Margin… Read more »

Trade sees increase in corn, soybean ending stocks

Ahead of Wednesday’s USDA supply and demand update, analysts see bigger supplies of corn and soybeans against a tighter balance sheet for wheat. The average guess for corn ending stocks is 795 million bushels, compared to 672 million last month, following the recent much larger than expected quarterly stocks estimate. Expectations run from 646 million… Read more »

NFU: Currency manipulation bill and FTAs

The National Farmers Union does not support the three free trade agreements now being considered by Congress but does support the Senate bill that addresses currency manipulation by other countries when free trade agreements are put in place. NFU’s Chandler Goule says the USTR, which negotiates U.S. free trade agreements, does not have the jurisdiction… Read more »