Midday livestock markets

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The feedlot cattle trade is very slow to start on Friday with just a few more bids on the table from 143.00 to 145.00 live, and 230.00 dressed. Bids are still a long way from the current asking prices of 148.00 in the South and 236.00 plus in the North. Packer inquiry should start to… Read more »

A little less-profitable on the farm in June

The Index of Prices Received by Farmers in June decreased 1.9 percent from May. Lower prices for cattle, broilers and hay more than offset higher prices for eggs, onions and lettuce. The Crop Index was 2.2 percent lower; corn averaged $3.58 per bushel down 4 cents from May. Soybeans were 2 cents lower at $9.58,… Read more »

Boxed beef firms

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Boxed beef cutout values were steady to firm on moderate demand and light to moderate offerings. Choice beef was up 72 at 233.34, and select was .25 higher at 229.32. Cattle trade was untested on Thursday afternoon with bids and asking prices separated by $4.00 to 5.00 on a live basis. Asking prices are generally… Read more »

Congress passes three-month transportation extension

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Congress has passed a three-month highway and transportation extension on Thursday.  This is the 34th extension since 2009.  National Corn Growers Association says they are disappointed that it wasn’t a long-term package.  NCGA President Chip Bowling says once again Congress kicked the can down the road. “Farmers rely on our nation’s infrastructure system every day. We need safe, reliable… Read more »

Closing Grain and Livestock Futures: July 30, 2015

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Sep. corn closed at $3.73 and 1/4, up 5 and 1/2 cents Aug. soybeans closed at $9.90 and 1/4, up 7 and 1/4 cents Aug. soybean meal closed at $357.10, up $7.10 Aug. soybean oil closed at 30.28, up 7 points Sep. wheat closed at $4.96 and 1/2, up 1/4 cent Aug. live cattle closed at $145.22, up 30 cents Aug. lean hogs closed at $79.67, down 17 cents Sep…. Read more »

Midday cash livestock markets

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There are a few more scattered bids in the cattle at midday at 143.00 to 144.00 on the live basis and 228.00 dressed. The bids are far below the asking prices of 148.00 and 236.00 plus. Packer inquiry should improve today, but it is possible significant trade volume will be delayed until Friday. Boxed beef… Read more »

Strong week for pork exports

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  The USDA reports wheat export sales for the week ending July 23rd were above pre-report estimates, while soybeans and corn were within expectations. Physical shipments were below what’s needed to meet USDA projections for the current marketing year. Wheat came out at 699,400 tons (25.7 million bushels), up 39% from the week ending July… Read more »

What’s new with poo

The Michigan Innovations in Agriculture Summer Tour this August is focused on manure management. The bus tour, “What’s New with Poo,” will visit four farms in Mid-Michigan that showcase manure based conservation practices and new technologies. Highlights during the program include cover crops in a manure-based system, harvestable buffers and manure separating systems. Clinton County… Read more »

Cattle trade delayed

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Cattle country was quiet on Wednesday afternoon with just a few scattered bids noted in Kansas and Texas at 143.00. Significant trade volume will be delayed until Thursday or Friday. Asking prices are around 148.00 in the South and 236.00 plus in the North. The kill was estimated by USDA at 105,000 head, 1,000 more… Read more »

Closing Grain and Livestock Futures: July 29, 2015

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Sep. corn closed at $3.67 and 3/4, down 7 and 1/4 cents Aug. soybeans closed at $9.83, up 8 and 1/4 cents Aug. soybean meal closed at $350.00, up $4.80 Aug. soybean oil closed at 30.21, down 45 points Sep. wheat closed at $4.96 and 1/4, down 14 and 1/2 cents Aug. live cattle closed at $144.92, down 12 cents Aug. lean hogs closed at $79.85, up 37 cents Sep…. Read more »