Rain affecting ag transportation
Brownfield Ag News5 minutes ago
Parts of the inland waterway system have gone from low water to mild flooding. Mike Steenhoek with the Soy Transportation Coalition tells Brownfield having too much water also affects barge traffic. “You really need to make sure that when the current picks up and it can become more turbulent, that...
National Daily Hog Pork Summary Report
USDA17 minutes ago
Click to view report lsddhps.pdf in PDF format
National Daily Cattle Beef Summary Report
USDA21 minutes ago
Click to view report lsddcbs.pdf in PDF format
Changes coming soon to LGM
Brownfield Ag News21 minutes ago
A farm insurance specialist says changes are coming soon to the Livestock Gross Margin program. Michelle Sell with Compeer Financial tells Brownfield there are several LGM changes that will take effect July 1st, which is the start of the new crop year. “Those include some changes in the timing and...
Grassley suggests Senate farm bill framework lacks details on spending
Brownfield Ag News21 minutes ago
The farm bill framework released by Senate Ag Committee leadership is coming under fire from Republicans. Iowa U.S. Senator Chuck Grassley says the version brought forth by chair Debbie Stabenow, a Michigan Democrat, contains a lot of proposals but few details. “One critical detail that was left out is how...
Will the Economy or Recycled Copper Keep a Lid on Copper Prices?
Barchart27 minutes ago
Copper often hailed as "Dr. Copper" for its ability to provide insights into global economic health, stands at the crossroads of multiple market dynamics. In the ever-evolving landscape of commodities, the interplay between economic forces and the availability of recycled copper emerges as a critical determinant of copper prices. As electric vehicles and solar panels compete for their share of copper supply for their applications, the relationship between an economic indicator and the recycled copper market becomes imperative for commodity pricing. In this article, we explore the factors driving the ebb and flow of copper prices.
Stocks Close Higher on Fed Rate Cut Optimism
Barchart27 minutes ago
The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.16%. US stock indexes on Thursday settled higher, with the S&P 500 climbing to a...
Beef Carcass Price Equivalent Index Value
USDA33 minutes ago
NW_LS410 Des Moines, IA Thu, May 09, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $282.19 $272.73 ...
USDA purchase helping apple industry survive
Brownfield Ag News37 minutes ago
A Michigan grower says USDA’s latest apple purchase will better position farmers for this year’s season. Fifth-generation fruit grower Don Rasch tells Brownfield two back-to-back record production years have lowered margins and created a backlog of fruit. “It’s not a preferable year,” he shares. “Everybody gets all excited with a...
Closing Grain and Livestock Futures: May 9, 2024
Brownfield Ag News37 minutes ago
Jul. corn closed at $4.56 and 1/2, down 2 centsJul. soybeans closed at $12.08 and 1/2, down 19 and 1/4 centsJul. soybean meal closed at $372.90, down $5.60Jul. soybean oil closed at 42.64, down 115 pointsJul. wheat closed at $6.37 and 1/2, up 3 and 1/2 centsJun. live cattle closed...