President Obama signs TPA & TAA

President Obama has signed H.R. 2146 renewing Trade Promotion Authority and H.R. 1295 which extends Trade Adjustment Assistance and several trade preference programs.  The two measures set the stage for the Administration to proceed with negotiations for the Trans Pacific Partnership trade deal.  

A little more profitable on the farm in May

The Index of Prices Received by Farmers in May was 3.9 percent above April.  The Livestock Index increased 5.2 percent thanks to higher prices for eggs, broilers and hogs.  The Crop Index was 1.1 percent higher due to fruit and tree nuts. The May corn price averaged $3.62 per bushel down 13 cents from April. … Read more »

Thirteen states sue EPA and Corps

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Thirteen states filed suit today against the Environmental Protection Agency and Army Corps of Engineers over the EPA’s Clean Water Rule, formerly known as Waters of the United States. The rule is set to take effect in two months. The lawsuit was filed in federal court in North Dakota.  Missouri Attorney General Chris Koster, who… Read more »

Cattle futures close higher

Futures Markets copy

Cattle country was quiet following the distribution of the new showlists. Ready numbers appear to be larger in Nebraska and Texas, somewhat smaller in Colorado and Kansas, but generally steady over the larger area. A few showlists have been priced around 150.00 in the South and 240.00 in the North. Significant volume will probably be… Read more »

Closing Grain and Livestock Futures: June 29, 2015

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Jul. corn closed at $3.83 and 1/4, down 1 and 3/4 cents Jul. soybeans closed at $10.02 and 1/2, up 1/2 cent Jul. soybean meal closed at $341.90, up 60 cents Jul. soybean oil closed at 33.05, down 17 points Jul. wheat closed at $5.80 and 1/2, up 18 and 1/4 cents Jun. live cattle closed at $149.67, up $1.27 Jun. lean hogs closed at $74.25, down $1.20 Aug…. Read more »

Minnesota Pork Board evaluation of Legislative Session

The Minnesota Pork Board is communicating the results of the 2015 Legislative Session to its members.  Executive Director David Preisler  says there are some regulatory changes producers need to be aware of. “From a permitting standpoint, we are working with both the Minnesota DNR and Minnesota Pollution Control Agency (on some changes).” He tells Brownfield… Read more »

Midday cash livestock markets

Futures Markets copy

Cattle country activity will be limited to the distribution of the new showlists today. DTN’s John Harrington says the guess is the pre-holiday offering will be steady with last week, but possibly somewhat larger. Preliminary asking prices are likely to be around 150.00 in the South, and 240.00 in the North. Significant trade volume should… Read more »

Hog industry expanding much faster than cattle

  Over the last several years, the U.S. livestock industry has taken big hits from disease and weather issues, reducing the available amount of cattle and hogs. University of Missouri Professor of Agricultural Economics Ron Plain tells Brownfield the hog industry is experiencing expansion at a much faster rate than the cattle industry, “My estimate… Read more »

Beef and pork values close lower

Futures Markets copy

The cash cattle trade was pretty well wrapped up for the week on Friday afternoon. Compared to the previous week live sales were 2.00 lower  from 147.00 to 148.00, and dressed sales were steady to 3.00 lower from 237.00 to 240.00, mostly 237.00 to 238.00. Producers scrambled to get cattle sold as futures contracts for… Read more »

Closing Grain and Livestock Futures: June 26, 2015

Futures Markets copy

Jul. corn closed at $3.85, up 8 and 1/2 cents Jul. soybeans closed at $10.02, up 1 and 3/4 cents Jul. soybean meal closed at $341.30, up $4.60 Jul. soybean oil closed at 33.22, down 14 points Jul. wheat closed at $5.62 and 1/4, up 30 and 1/4 cents Jun. live cattle closed at $148.40, down 10 cents Jun. lean hogs closed at $75.45, up 80 cents Aug. crude oil closed… Read more »