Global Dairy Products up 1.1%

The bi-weekly global dairy products auction at Fonterra saw a 1.1 percent increase in average prices. Whole milk powder was the only product with a lower price down 2.5 percent from the previous sale. Milk protein concentrate increased 0.5 percent, lactose was 1 percent higher, cheddar increased 2.5 percent, skim milk powder was 3.9 percent… Read more »

AMPI to close Dawson plant

AMPI is going to close its plant in Dawson, Minnesota at the end of the year. The plant makes cheese sauces and puddings and employs 130 people. CEO Ed Welch says “the AMPI management team is working to ease the transition for Dawson plant employees, providing resources needed to find alternative employment. That includes encouraging… Read more »

2012 sets record for low pasture conditions

This year (2012) set a new record on low pasture and rangeland conditions in the U.S. The USDA’s final condition report was issued the last week of October showing 54% of pastures and rangeland in poor to very poor condition. Year to year, that is a record. It was 1995 when statistics were first recorded…. Read more »

Webinar for U.S. veterans who want to farm

U.S. military veterans interested in starting their own farms or ranches may participate in a webinar on Friday, November 16th. Sponsored by the Center for Rural Affairs of Lyons, Nebraska and other partnering organizations (including the Kansas, Missouri and Nebraska Farmers Union groups) the webinar is a 90-minute presentation. It will show video farm tours… Read more »

Outside markets support grains, oilseeds

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Soybeans were higher on fund and commercial buying, along with spillover from the outside markets. The dollar was lower with the Dow, gold, and crude oil higher. The near and long term fundamentals remain bullish with a tight supply and strong demand. Soybean meal and oil were higher, following beans. The Solvent Extractors’ Association of… Read more »

Hogs close sharply higher in the Midwest

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Packer inquiry in the cattle remained mostly nonexistent on Tuesday afternoon. And not even a token bid was reported. Asking prices are around 129.00 plus in the South and 198.00 plus in the North. Significant trade volume will probably be delayed until the second half of the week. DTN reports they have heard of one… Read more »

Closing Grain and Livestock Futures: November 6, 2012

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Dec. corn closed at $7.41, up 5 and 1/2 cents Nov. soybeans closed at $15.16 and 3/4, up 12 and 1/2 cents Dec. soybean meal closed at $472.70, up $3.70 Dec. soybean oil closed at 48.68, up 36 points Dec. wheat closed at $8.77, up 11 cents Dec. live cattle closed at $125.67, up 40… Read more »

USMEF hopes to capitalize on opportunities

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So far in 2012, the U.S. Meat Export Federation (USMEF) has seen an increase in pork exports in both value and volume. “One of the key highlights for me is that the value of this year’s exports is equated to $56.50 per head, which is almost $3 above last year’s record averages,” said Danita Rodibaugh,… Read more »

FAPRI weighs in on farm bill timing

While some have predicted the passage of a five-year farm bill this year is more likely if the balance of power in Washington were to shift as a result of the election, others see it the other way around. Pat Westhoff is director of the Food and Agricultural Policy Research Institute at the University of… Read more »

USDA helping with food assistance after Sandy

USDA is working with the thirteen states affected by Hurricane Sandy to provide disaster nutrition assistance to people in those states. In New York, 1.1 million pounds of USDA foods will be distributed through nearly a thousand emergency feeding outlets. In New Jersey, 39,000 pounds of USDA foods will be delivered in support of the… Read more »