Tough quarter for Pilgrim’s Pride

Citing high feed costs, Pilgrim’s Pride reported its third consecutive quarterly loss on Friday. The second-largest poultry processor in the world says it lost $162.5 million or 76 cents per share in the quarter compared to a profit of $59.7 million or 27 cents a share a year ago. Sales were actually up 10 percent… Read more »

Closing Grain and Livestock Futures: October 28, 2011

Futures Markets copy

Dec. corn closed at $6.55, up 3 and 1/2 cents Nov. soybeans closed at $12.17, down 18 cents Dec. soybean meal closed at $317.50, down $6.00 Dec. soybean oil closed at 51.77, down 34 points Dec. wheat closed at $6.44 and 1/2, up 1/2 cent Oct. live cattle closed at $120.95, up 20 cents Dec…. Read more »

Another good week for dairy markets

A nice close to a pretty good week in the dairy markets on Friday. Cash cheese barrels were .25 cents lower to close at $1.7675 while blocks gained 5.25 cents to $1.7725. Butter added a penny to close at $1.88 per pound. For the week, cash cheese barrels gained 7.75 cents, blocks gained 5.25 cents,… Read more »

Iowa Farm Bureau supports fuel tax increase

A proposal to raise Iowa’s fuel tax by eight to ten cents per gallon has the support of Iowa Farm Bureau. The tax increase recommendation was made by the Governor’s Transportation 2020 Citizen Advisory Committee.  It could generate as much as 230 million dollars per year to repair the state’s roads and bridges. Farm Bureau… Read more »

Higher dollar puts pressure on soybean futures

Futures Markets copy

Soybeans are lower partly because of profit taking, giving back most of Thursday’s gains. There was some downward pressure from the stronger dollar, but DTN also cited late-season South American soybeans that weighed on the market. There’s concern about reduced U.S. soybean quality this year. If South American quality is up, it raises competitive issues…. Read more »

Court approves Pigford II settlement

The U.S. District Court for the District of Columbia has approved the terms of the so-called Pigford II settlement. This should be the last step in finally resolving the discrimination suit brought against the U.S. Department of Agriculture which charged African-American farmers were not treated fairly in farm programs from 1983 through 1997. Farmer Timothy… Read more »

Harvesting “fresh” cranberries

Wisconsin produces nearly 60 percent of the nation’s cranberries and most of them go into the processed market for juices and other products…but a few go into bags to be sold as “fresh” cranberries. Harvesting cranberries for the “fresh” market is a little different. Wisconsin’s Alice in Dairyland, Katie Wirkus spent some time with the… Read more »

Feedlot cattle ended the week with mostly higher prices

Futures Markets copy

USDA Mandatory reported cattle trading was light in the Texas Panhandle on Friday morning. Compared to Thursday’s trade live sales were steady to 1.00 higher at mostly 121.00. Trading was light to moderate in Eastern Nebraska. Compared to last week dressed sales were steady to mostly 2.00 higher with the sales ranging from 191.00 to… Read more »

Ohio’s ability to grow the sheep industry

Susan Shultz of DeGraff in Logan County and Daryl Clark of Zanesville in Muskingum County agree, Ohio has the ability to grow the sheep industry. Shultz whose family has been raising sheep for three generations says the state has a wealth of experience when it comes to mentoring those young people wanting to get started…. Read more »

Dangers in the food movement

We all have things that drive us crazy.  People with cell phones in their ears blathering into the ether or folks who bring tiny children to really expensive restaurants and wonder why folks glare at them as the kids go nuts from boredom.  As I get older, I find myself with a much longer list… Read more »