Winterizing equipment saves time next spring

Farmers finished harvest early leaving time to winterize farm equipment before it gets cold. The goal of winterizing is to prepare equipment for the next time it’s used, whether that’s next month, next spring or next fall, says Neil Hoff with CHS. Among his tips to winterize farm equipment, Hoff tells Brownfield Ag News that… Read more »

Big drop for soybeans

Futures Markets copy

Soybeans were sharply lower on profit taking, commercial selling, and spillover from the outside markets. The dollar was higher following U.S. jobs numbers with the Dow, gold, and crude oil sharply lower. There was no real fresh news out Friday and the trade is keeping an eye on planting conditions in South America. Some forecasts… Read more »

Lower hog weights may improve market

Futures Markets copy

After a week of lower hog prices, a market analyst says there are indications that the market may turn around in the coming week. Butcher hogs marketed last week in the Iowa/southern Minnesota direct trade were averaging 272.8 pounds apiece, according to Ron Plain, livestock economist at the University of Missouri. That’s 1.1 pounds heavier… Read more »

MU holds horse auction preview Saturday

The University of Missouri Equine Program is holding its annual online horse auction in November and has scheduled a sale preview on Saturday, November 3, from 10 a.m. to 2 p.m. at the MU Equine Teaching Facility located at the university’s South Farm in Columbia.  Students from the Equine Behavior and Training class and the… Read more »

Packers may start next week short bought on cattle

Futures Markets copy

The cash cattle trade was not tested on Friday. DTN says that packer behavior seemed a little strange. On one hand trade volume totals were barely moderate at 78,888 head. On the other hand, weekly slaughter actually turned out to be larger than the previous week. Both of those factors mean that packers could start… Read more »

Iowa corn group likes harvest weight extension

The Iowa Corn Growers Association is applauding Governor Terry Branstad’s decision extend the harvest weight proclamation for farmers.   ICGA says the extension will help those who are still bringing in the 2012 corn crop.   The extension starts November 3rd and runs for 15 days. The proclamation specifically increases the weight allowable for shipment of corn,… Read more »

Good week for soybean exports

Futures Markets copy

USDA reports soybean and soybean oil exports for the week ending October 25 were above analysts’ estimates, while corn and wheat were within pre-report projections, and soybean meal was below expectations. The report was delayed a day by Hurricane Sandy. Wheat came out at 362,900 tons, down 37% from the week ending October 18 and… Read more »

Closing Grain and Livestock Futures: November 2, 2012

Futures Markets copy

Dec. corn closed at $7.39 and 1/2, down 11 and 1/2 cents Nov. soybeans closed at $15.27, down 31 and 1/2 cents Dec. soybean meal closed at $475.90, down $8.40 Dec. soybean oil closed at 49.26, down 117 points Dec. wheat closed at $8.64 and 1/2, down 4 cents Dec. live cattle closed at $125.42,… Read more »

Potential tax law changes driving more land to market

Potential changes to federal tax laws are driving more farmland onto the market this fall. So says Lee Vermeer, who heads up real estate sales for Farmers National Company. “Probably over 50 percent of the sales that we’re doing right now, the people that are calling and wanting to sell their land are saying to… Read more »

Three Nebraska agriculturalists honored

The Nebraska Agribusiness Club recognized three Nebraska agriculturalists Thursday night at its annual awards banquet in Lincoln. Receiving the group’s Public Service to Agriculture awards were Lisa Lunz of Wakefield, who has been very active in the soybean industry, and Alan Tiemann of Seward, a leader in the state’s corn industry. The group also presented… Read more »