Milk futures lower, cash cheese mixed

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In Class III trade at the Chicago Mercantile Exchange, milk futures were lower, under another round of fundamental pressure. May was down $.04 at $13.17, June was $.09 lower at $13.26, July was down $.07 at $13.51, and May was $.06 lower at $14.16. Over in the spot market, cash cheese was mixed. Barrels were… Read more »

Prices paid, received up on month

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U.S. farmers made and paid a little more in March than they did in February. The USDA says that the prices received index for ag products was up slightly on the month, with an increase for the livestock index cancelling out a decrease in crops. Compared to last year, the received and crop indices are… Read more »

Hogs were higher cattle end lower

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The cattle trade was completed on Friday with just a few head trading in cleanup activity at 124.00 live and 193.00 dressed. USDA Mandatory reported cattle trading and demand was light to moderate in the Texas Panhandle and Kansas on Thursday afternoon. Compared to last week, live sales were $ 3.00 lower at 124.00. Eastern… Read more »

Closing Grain and Livestock Futures: April 29, 2016

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May corn closed at $3.90 and 1/4, up 3 and 1/4 cents May soybeans closed at $10.21, up 3 cents May soybean meal closed at $332.10, up $1.50 May soybean oil closed at 32.88, down 17 points May wheat closed at $4.78, up 2 and 1/2 cents Apr. live cattle closed at $123.10, up 25 cents Jun. lean hogs closed at $81.70, up 92 cents Jun. crude oil closed at $45.92, down 11 cents May cotton… Read more »

Midday cash livestock markets

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USDA Mandatory reported cattle trading and demand was light to moderate in the Texas Panhandle and Kansas on Thursday afternoon. Compared to last week, live sales were $ 3.00 lower at 124.00. Eastern Nebraska and Western Iowa trading was moderate on moderate demand. Compared to last week, live sales in Nebraska were 1.00 to 3.00… Read more »

Farmer says TPP limits opportunities

A Minnesota farmer says he opposes the Trans Pacific Partnership because it would create more barriers for beginning farmers like him to overcome. Eric Sannerud grows hops north of the Twin Cities near Ham Lake. He tells Brownfield the TPP would put new farmers at a competitive disadvantage. “I see aspects in this deal that… Read more »

EPA says anti-farming billboard NOT its intent

An EPA official says it was not the agency’s intention to fund an anti-farmer billboard that has caused concern all the way up to Capitol Hill. The billboards in part of Washington State were paid for with part of an EPA grant given to the Northwest Indian Fisheries Commission for salmon recovery. The commission then… Read more »

2015 U.S. meat, poultry values below 2014

In 2015, U.S. meat animal production was 76.6 billion pounds, 6% more than in 2014, with a 3% increase in cattle and calves and a 9% rise in hogs and pigs. With bigger production, came lower prices, with gross income down 8% on the year at almost $100 billion and cash receipts also down 8%… Read more »

Cash cattle and futures both lower

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Scattered dressed sales on the cattle are evident in Nebraska marked at 196.00 for spot delivery, roughly $4.00 lower than last week. DTN reported having heard of a few deals at even lower money tied to mid and late May delivery. Significant trade volume may be delayed until Friday. While feedlot managers started the week… Read more »

Milk futures, cash cheese higher

Futures Markets copy

In Class III trade at the Chicago Mercantile Exchange, milk futures were up with contracts seeing a bounce after the recent losses. The bearish supply and demand outlook has not changed. May was up $.08 at $13.21, June was $.07 higher at $13.35, July was up $.05 at $13.58, and August was $.06 higher at… Read more »