Time of essence in farm bill consideration

Senator Charles Grassley is anxious to work out details of the farm bill so that it can be considered by the so-called Super Committee. In a conference call Tuesday, Grassley explained that delays may mean more cuts in farm programs or no farm program at all. “We would also expect, since we came up with… Read more »

Detroit automakers on-target with FFVs

The Renewable Fuels Association says General Motors, Ford and Chrysler are on track to meet their pledge that 50 percent of the new vehicles they make in 2012 will be flex fueled (FFV). FFVs can run on any blend of ethanol up to 85 percent. The Association says there are currently around 9 million FFVs… Read more »

Wisconsin Farm Bureau membership increases

A good year for the Wisconsin Farm Bureau, membership in the organization at the end of its fiscal year in September stood at 44,123 members, an increase of 1,416 from the previous year and marks the fourth consecutive year of membership growth. Voting membership increased 495 to 23,221 and Associate membership increased 921 to end… Read more »

Dumping milk in New Zealand

A leak in a major gas line supplying the upper north island of New Zealand has prompted Fonterra to shut down 15 milk processing plants resulting in the dumping of about 8 million gallons of milk per day. There are two coal-fired plants on the island but they can handle about 1.3 million gallons per… Read more »

Grains, oilseeds narrowly mixed

Futures Markets copy

Soybeans were mostly lower on technical and fund selling, along with spillover from the outside markets. The Dow was lower, but crude oil was up sharply and the dollar flattened out after early gains as the broader market prepared for a Wednesday E.U. meeting. Past that – there was no fresh demand news and no… Read more »

Biodiesel sales hit another record

U.S. biodiesel sales hit another record. The EPA reports that 119 million gallons of biomass-based diesel were sold during September, marking the six month in a row of record high sales. The National Biodiesel Board says that’s an eight-percent increase from August. Year to date biodiesel sales for 2011 have reached 686 million gallons.

Boxed beef values close higher but pork was down

Futures Markets copy

The feedlot cattle trade is at a standstill on Tuesday and bids and asking prices are not clearly defined. Packers are watching their margins and producers have their eye on the direction of the futures trade and the sharply higher beef prices . Trade could be delayed until late in the week. Asking prices appear… Read more »

Noem says dust rule bill provides certainty

Testimony on the bipartisan dust bill that would prevent the EPA from regulating farm dust as part of the Clean Air Act was heard by the House Energy and Commerce Committee’s Energy and Power Subcommittee this morning. Congresswoman Kristi Noem of South Dakota sponsors the bill. She says it would separate rural dust from urban dust,… Read more »

Closing Grain and Livestock Futures: October 25, 2011

Futures Markets copy

Dec. corn closed at $6.50 and 3/4, down 1/4 cent Nov. soybeans closed at $12.25 and 1/2, down 1 and 1/4 cents Dec. soybean meal closed at $322.20, up 70 cents Dec. soybean oil closed at 51.50, down 29 points Dec. wheat closed at $6.36 and 1/4, down 6 and 1/4 cents Oct. live cattle… Read more »

Monsanto’s ‘Grow Communities’ program in second year

The Monsanto Fund is encouraging farmers to sign up for the second year of its “America’s Farmers Grow Communities” program. The program is offered to farmers in more than 12-hundred counties.  One winning farmer is randomly selected from every eligible country to receive 25-hundred dollars for his or her favorite local, nonprofit organization.  Monsanto community… Read more »