Commodity prices could trigger payments

The forecasts for a bountiful U.S. corn crop and increased corn stocks could potentially trigger subsidy payments for farmers this year.  Pat Westhoff, with the Food and Agricultural Policy Research Institute (FAPRI-MU), says prices might trigger payments under the two programs in the new Farm Bill.  Westhoff tells Brownfield Ag News, “If we were to… Read more »

PEDv and hog futures

Uncertainty surrounding total swine herd losses to the Porcine Epidemic Diarrhea virus has lean hog futures for spring and summer contracts at record-high levels. Purdue ag economist Chris Hurt says the industry doesn’t know how big those losses are just yet.  “We think the winter months are the months that we have the largest death… Read more »

CFTC files civil suit in MF Global case

The US Commodity Futures Trading Commission filed a civil lawsuit against Jon Corzine for his role in the collapse of MF Global today.  According to the Wall Street Journal, Corzine and another former executive at the firm have been charged with the unlawful misuse of nearly $1 billion in customer funds. MF Global’s 2011 collapse led… Read more »

An update on proposed changes to the live cattle futures contract

At the Iowa Cattlemen’s Association’s (ICA) summer policy conference this week in Ames, ICA president Ed Greiman, a cattle producer from Garner, Iowa, gave an update on efforts to move the live cattle futures contract to a position where it converges with the cash market. Greiman heads up a special task force of the National… Read more »

Bill clarifies margin requirements exemption

Nebraska Senator Mike Johanns is one of the co-sponsors of a bill that clarifies the exemption for farmers and ranchers from margin requirements in the Dodd-Frank financial reform law. Johanns says the bill ensures that farmers can continue to use derivatives to manage their risks and insure against extreme price fluctuations on commodities and inputs,… Read more »

NCBA seeks changes in live futures contract

The National Cattlemen’s Beef Association (NCBA) is asking the CME Group to move its live cattle futures contract to a position where it converges with the cash market. Specifically, NCBA is asking that fed heifers be included as deliverable cattle to honor a contract. The cattlemen are also asking for an increase in maximum live… Read more »

NCBA asking for changes in live cattle futures contract

The National Cattlemen’s Beef Association is asking the CME Group to move its live cattle futures contract to a position where it converges with the cash market. Specifically, NCBA is asking that fed heifers be included as deliverable cattle to honor a contract. For the past decade, fed heifers have averaged 38% of slaughter cattle…. Read more »

Discussing grain marketing strategies for 2013

Ryan Sherwood is the head of grain marketing for Aurora Coop, one of Nebraska’s largest ag cooperatives.  In a recent interview with Brownfield, Sherwood talked about the Aurora Coop’s grain marketing program and shared his thoughts on marketing strategies for 2013. AUDIO: Ryan Sherwood (3:00 MP3)

CME Group ponders changes to live cattle futures contract

The CME Group is considering whether to make adjustments to the weights of deliverable cattle in the live cattle futures contract.  At the recent Cattle Industry Convention in Tampa, Florida, we discussed that topic with Tim Andriesen, managing director of agricultural products and alternative investments with the CME Group. AUDIO: Tim Andriesen (1:53 MP3)

CME Group establishes new customer safeguards

In the wake of scandals involving MF Global and Perigrine Financial, the CME Group has taken a number of steps to establish greater safeguards in the marketplace.  In an interview with Brownfield at the Cattle Industry Convention in Tampa, the chief operating officer of the CME Group, Bryan Durkin, talked about the company’s efforts to… Read more »