Milk futures were higher and cash dairy prices were steady to higher Thursday on the Chicago Mercantile Exchange. Class III milk recovered most of Wednesday’s losses. May Class III milk was up $0.40 at $18.18. June was up $0.29 at $18.20. July was up $0.20 at $18.51. August was up...
Photo: Black cutworm moths, Courtesy-Wisconsin Department of Agriculture, Trade, and Consumer Protection Wisconsin ag officials say black cutworm moths have arrived in the state, and in big numbers. The Department of Agriculture, Trade, and Consumer Protection says it’s the second straight week their pheromone traps have collected a significant numbers...
The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.55%. US stock indexes Thursday closed moderately lower, led by weakness in technology stocks. Meta...
Soybeans were mixed. The market continues to monitor ongoing harvest in Brazil and Argentina’s harvest pace, which is expected to be quite large. The U.S. has been able to make more planting progress this week, with an update out on Monday. But rains are starting to develop. This week’s export...
May corn closed at $4.41, up 3 and 1/4 centsMay soybeans closed at $11.63 and 3/4, down 3 and 1/4 centsMay soybean meal closed at $343.90, down $2.10May soybean oil closed at 44.82, up 16 pointsMay wheat closed at $6.02 and 1/4, up 7 and 3/4 centsJun. live cattle closed...
A Wisconsin pet food manufacturer is expanding. Nestle Purina has announced a 195-million dollar project in Jefferson, Wisconsin, where Purina will increase production of wet pet food brands by nearly 50 percent, including Pro Plan, Fancy Feast, and Beneful IncrediBites, and add 35,000 square feet to the facility. Nestle says...
Planting has started in pockets of Ohio based on soil conditions Ohio Department of Agriculture Director Brian Baldrige tells Brownfield drier weather in the southern part of the state has helped farmers. “A lot of guys are kind of putting some crops in,” he says. “Down home this week we...
At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, watching direct cash business develop. June lives closed $2.55 higher at $177.80 and August lives closed $2.67 higher at $176.05. May feeders closed $2.15 higher at $246.25 and August feeders closed $2 higher at $258.30. There was...
Central Illinois farmer Jeff Brown is satisfied with his spring so far. He tells Brownfield… “Planting season has been, I would say, great so far.” He says, “We’ve been able to pick and choose and maybe have a soft start. Kind of nice to spread our risk out on the...
A southern Illinois pecan grower says the season is starting off well. Ralph Voss, who grows 200-acres of pecans in Clinton County, tells Brownfield… “We’ve been sweating out freezes!” He says, “So far we’re lucking out. The trees are greening out, probably in 10 days or less we will have...
A recent survey of Ohio farmers shows a wide adoption of agricultural best management practices and technology in the Sandusky watershed. Ohio Department of Agriculture Director Brian Baldrige tells Brownfield, “That is the beginning process to making sure our nutrient management plan, our nutrients that we’re putting on our fields...
The President of the Wisconsin Potato and Vegetable Growers Association says many farmers are cutting back on vegetable crop acreage this year because of reduced demand caused by imported canned vegetables. Tamas Houlihan tells Brownfield it’s also affecting farmer income. “We’re seeing anywhere from a ten to a twenty percent...
The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic growth, along with persistent price pressures. The dollar initially moved higher Thursday after bond yields jumped when Thursday’s...