Closing Grain and Livestock Futures: August 15, 2024

Sep. corn closed at $3.75, down 6 centsSep. soybeans closed at $9.51 and 1/2, down 3/4 centSep. soybean meal closed at $307.90, up $2.80Sep. soybean oil closed at 39.47, down 54 pointsSep. wheat closed at $5.28 and 1/4, down 6 and 1/2 centsOct. live cattle closed at $180.75, down $1.37Sep. feeder cattle closed at $243.67,…Continue Reading

Cattle futures slide ahead of widespread direct business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on profit taking, waiting for the week’s direct business to unfold. October live cattle closed $1.37 lower at $180.75 and December live cattle closed $.97 lower at $180.62.  September feeder cattle closed $.67 lower at $243.67 and October feeder cattle closed $1.20…Continue Reading

ACE CEO says more hurdles ahead for U.S. ethanol

The CEO of the American Coalition for Ethanol says there are several hurdles ahead for the ethanol industry. Brian Jennings tells Brownfield he wants Congress to update the Clean Air Act during the lame duck session to set permanent standards for E-15. “We can keep pleading with EPA to help provide emergency waivers, and you…Continue Reading

Down day for corn, wheat

Soybeans were mixed, mostly firm. Beans consolidated, drifting slightly after spending most of the session in solidly positive territory, watching development weather, which looks mostly favorable. Parts of the region have seen rain this week and could see more ahead of what’s expected to be a warmer, drier pattern in some areas. Still, any yield…Continue Reading

Western Corn Belt pasture conditions variable

A climatologist says pasture conditions have been mixed across the parts of the Western Corn Belt and Great Plains. Eric Hunt with the University of Nebraska-Lincoln says, “Pretty stressed pasture conditions across Wyoming, western Nebraska, western South Dakota, and western North Dakota,” Hunt said. “Better conditions further east, although pastures have definitely started to show…Continue Reading

Iowa crop conditions mixed, Naig says

Iowa Ag Secretary Mike Naig says there’s a lot of variability in the state’s corn and soybean crops. “I think we’re going to see everything from folks that will tell you one of the worst yields they have ever seen to folks that will set records, and then everything in between.” He tells Brownfield some…Continue Reading

Hinson lauds USDA, USTR amid Mexican GM corn dispute

U.S. Congresswoman Ashley Hinson says she’s optimistic Mexico’s ban on genetically modified corn imports could be overturned before the end of the year. “We will continue to push and make sure that there is hopefully the outcome we’re wanting for our producers.” In a press call Thursday, she suggested the upcoming U.S. Presidential Election could…Continue Reading

LMR Live Cattle Data Dashboard now available

The USDA’s Livestock Mandatory Reporting Live Cattle Data Dashboard is now available.  The tool, announced earlier this year, provides cattle producers with enhanced insight on the markets to help foster a fairer and more competitive marketplace.   It includes actual net premiums and discounts paid to cattle producers by packers under formula marketing arrangements and detailed…Continue Reading

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