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Dairy markets expected to stay the course

An ag economist says dairy markets aren’t expected to change much next year. Chris Wolf with Michigan State University tells Brownfield while crop prices are expected to remain low next year, overall dairy markets aren’t too exciting either. “Contingent on what happens with feed prices and international trade, any kind of weather events which we have no way of really forecasting for the next year—but at the current time 2018 looks a lot like 2017.” He says processing capacity in Michigan is full, and higher marketing and transportation costs along with sometimes distressed sales and dumped milk has meant dairy farmers in the state are receiving even lower milk prices than others in surrounding states. Continue reading Dairy markets expected to stay the course at Brownfield Ag News.
Read Article | Dec 7, 2017

Hog futures pressured by supply concerns

At the Chicago Mercantile Exchange, cattle futures were pressured by the continued weakness in wholesale value and the lower cash trade. However, feeder cattle had some support from the day’s lower move in corn. December live cattle closed $.27 lower at $115.62 and February live cattle closed $.60 lower at $118.67. January feeder cattle closed $.30 higher at $146.32 and March feeder cattle closed $.40 higher at $144.50. Direct cash cattle trade has been light to moderate in the South. Continue reading Hog futures pressured by supply concerns at Brownfield Ag News.
Read Article | Dec 7, 2017

Predictive analytics a key to navigating down farm economy

The chief operating officer for one of the nation’s largest cooperatives says the current economic downturn in farming has brought the importance of predictive analytics to light. Beth Ford with Minnesota-based Land O’Lakes tells Brownfield crop, livestock, and dairy producers are trying to maximize every dollar. “A farmer is going to make a decision based on what the profitability is going to look like. And that’s not just related to what’s going on in the commodity markets. Continue reading Predictive analytics a key to navigating down farm economy at Brownfield Ag News.
Read Article | Dec 7, 2017

Get problems out on the table

A rural mental health psychologist says family farms undergoing difficult times need to be open about it. Dr. Val Farmers tells Brownfield one of his best recommendations for managing farm financial stress is for operators to overcome their pride and seek help from financial advisors one or two years before farmers think it’s necessary. “Become public with your problem and don’t worry about what other people think, then you can take constructive steps to help yourself. Continue reading Get problems out on the table at Brownfield Ag News.
Read Article | Dec 7, 2017

NCBA welcomes tax reform

The president of the National Cattlemen’s Beef Association, Craig Uden, says his group supports tax reform efforts in Congress. Uden tells Brownfield they’re still pushing for a full repeal of the estate tax. And he says there are several other provisions important to cattlemen as well. “179 exemptions, 1031 exchanges, interest expense deductions—these are all things we’re very concerned about,” Uden says. “Big tax breaks as far as the corporations out there will benefit some of the cattle feeding as well some of the ranching communities. Continue reading NCBA welcomes tax reform at Brownfield Ag News.
Read Article | Dec 7, 2017

Rain chances in South America pressure soybeans, corn

Soybeans were lower on speculative and technical selling. Near term forecasts for southern Brazil and Argentina are still mostly dry to light showers, but some medium term outlooks have a better chance of rain. However, the reliability of longer term forecasts should also be questioned. It’s the equivalent of early June for crops in the southern hemisphere, so there is a long way to go in their growing season. Continue reading Rain chances in South America pressure soybeans, corn at Brownfield Ag News.
Read Article | Dec 7, 2017

$20 million grant will help improve soil health

A nearly $20 million grant will be used to improve and encourage soil health practices on farms across the country. Sally Rocky, the director of the Foundation for Food and Agricultural Research (FFAR), says the grant will be split between the Soil Health Partnership, The Nature Conservancy, and the Soil Health Institute. She says the grant will help create a standardized measurement for soil health and provide on-farm research to determine best practices. Continue reading $20 million grant will help improve soil health at Brownfield Ag News.
Read Article | Dec 7, 2017

Closing Grain and Livestock Futures: December 7, 2017

Dec. corn closed at $3.38 and 3/4, down 1/2 cent Jan. soybeans closed at $9.92, down 10 and 3/4 cents Dec. soybean meal closed at $333.50, down $6.90 Dec. soybean oil closed at 33.25, up 16 points Dec. wheat closed at $3.94 and 1/4, down 4 and 1/4 cents Dec. live cattle closed at $115.62, down 27 cents Dec. lean hogs closed at $63.57, down 25 cents Jan. Continue reading Closing Grain and Livestock Futures: December 7, 2017 at Brownfield Ag News.
Read Article | Dec 7, 2017

Dairy markets mostly up Thursday

Dairy markets mostly up Thursday at the Chicago Mercantile Exchange. Class III milk futures for December were up $.09 closing at $15.51. January milk was up $.15 closing at $14.39. February was up $.11 at $14.36. March was up $.13 closing at $14.55. The 2018 milk futures market saw gains before July and losses later in the year. Grade AA Butter closed up $.0125 closing at $2.2375. Continue reading Dairy markets mostly up Thursday at Brownfield Ag News.
Read Article | Dec 7, 2017

Grazing stalks can give cattle producers an economic boost

A livestock nutritionist says grazing corn stalks after harvest is a cost-effective way for may cattle producers to feed their livestock. Kevin Glaubius with BioZyme Incorporated says cattle prices have dropped recently and grazing corn stalks can help producers reduce input costs. “You’re looking at about $.79 a day,” he says. “That’s roughly a 45 percent savings. What it amounts to on a monthly basis, for a producer is about $29 a head – or $1 per day per cow. Continue reading Grazing stalks can give cattle producers an economic boost at Brownfield Ag News.
Read Article | Dec 7, 2017

Bipartisan group calling for delay in new ELD regulations

Two US Senators are leading a bipartisan effort to delay implementation of electronic logging devices (ELDs) for commercial livestock haulers. Heidi Heitkamp of North Dakota and Jerry Moran of Kansas, along with a bipartisan group of Senators, have sent a letter to Senate leadership supporting a provision in the US House-passed Transportation, Housing, and Urban Development appropriations bill that would delay implementation of ELDs and provide time to make the necessary adjustments to the hours of service rules. Continue reading Bipartisan group calling for delay in new ELD regulations at Brownfield Ag News.
Read Article | Dec 7, 2017

Trade plays a big role in farmer profitability

An ag economist says trade continues to play a large role in farmer profitability. University of Missouri’s Scott Brown says USDA points out that 20 percent of farm income in this country is a result of what happens from trade. He tells Brownfield, long-term, the US ag economy will become more dependent on export markets and less on domestic demand. And while Canada and Mexico are vital trading partners, the US must look beyond its bordering countries. Continue reading Trade plays a big role in farmer profitability at Brownfield Ag News.
Read Article | Dec 7, 2017

Farmers not helpless as NAFTA talks center on non-ag issues

The president of Minnesota Farm Bureau says farmers are not helpless even though NAFTA negotiators remain focused on trade issues other than agriculture. Kevin Paap tells Brownfield it’s important to remember USDA Ag Secretary Sonny Perdue has the attention of the President as Trump continues to threaten pulling the U.S. out of the agreement. “Constantly reminding him how important trade is. The fact that we grow more than we can use in this country, and we need that 95 percent of the world outside the United States looking for our products.” He reiterates what many in agriculture have been saying about the importance of keeping NAFTA in place, and encourages more engagement during the renegotiation. Continue reading Farmers not helpless as NAFTA talks center on non-ag issues at Brownfield Ag News.
Read Article | Dec 7, 2017

New ASA and USB leaders elected in St. Louis

The new president of the American Soybean Association is John Heisdorffer of Keota, Iowa. He replaces outgoing president Ron Moore of Illinois who moves into the role of ASA chairman. Davie Stephens of Kentucky has been elected vice president. Kevin Scott of South Dakota as secretary and Bill Gordon of Minnesota has been elected to a second term as ASA chairman. New members beginning their nine-year terms on the ASA board include Jered Hooker of Illinois; Ronnie Russell of Missouri; and Brandon Wipf of South Dakota. Continue reading New ASA and USB leaders elected in St. Louis at Brownfield Ag News.
Read Article | Dec 7, 2017

Northey says hold on his appointment not uncommon in DC

Iowa Ag Secretary and USDA nominee Bill Northey says the hold on his confirmation is not that uncommon in Washington. “I found out I’m part of a group of folks that have been on hold before. There’s a lot of folks that have served in Washington in different roles, and some of them have been on hold for a little bit before they got there. And I didn’t realize it.” Northey’s nomination to become undersecretary for farm production and conservation at USDA has been held up by Texas Senator Ted Cruz, who’s seeking changes to the Renewable Fuel Standard. Continue reading Northey says hold on his appointment not uncommon in DC at Brownfield Ag News.
Read Article | Dec 7, 2017

Review your crop insurance policy

While making plans for the next growing season, Jessica Hamill, Crop Insurance Specialist with FCS Financial in Missouri advises farmers to take time to review their current crop insurance policy. “Look over your policy. Don’t just always do the same thing you’ve done year to year to year.” As margins tighten on most farms, Hamill tells Brownfield now is the time to take examine the numerous options that have been added in recent years and evaluate your crop insurance policy. Continue reading Review your crop insurance policy at Brownfield Ag News.
Read Article | Dec 7, 2017

Mexican official puts NAFTA’s chances at ’50-50'

Mexico’s ambassador to the United States says there is still a 50-50 chance that the North American Free Trade Agreement (NAFTA) will be terminated. But Gerónimo Gutiérrez tells CBS Radio News he’s more optimistic now than he was several months ago. “I think at the beginning of the year, the probability of having NAFTA terminated was around 80 percent. And I think we’re now about 50-50,” he says. “I think we’re a little bit better because, in spite of important differences, we’re communicating fluently. Continue reading Mexican official puts NAFTA’s chances at ’50-50′ at Brownfield Ag News.
Read Article | Dec 7, 2017

Midday cash livestock markets

Direct cash cattle trade has been slowly developing in the South. Some deals are reported at $117 – $3 to $4 lower than last week’s weighted average – but steady with yesterday. Light to moderate trade was reported yesterday in parts of the North with dressed deals at $187 to $188 – $2 to $3 lower than last week’s weighted average basis in Nebraska. Colorado has started to see some trade at $118.50 – down $2.50 from the previous week. Continue reading Midday cash livestock markets at Brownfield Ag News.
Read Article | Dec 7, 2017

Professional Dairy Producers Transition Cow Workshop

Larry Lee will be on the ground for the Professional Dairy Producers Transition Cow Workshop in Appleton, WI on Wednesday, Dec. 13. Continue reading Professional Dairy Producers Transition Cow Workshop at Brownfield Ag News.
Read Article | Dec 7, 2017

Wisconsin Farm Bureau: NAFTA Works: The Stakes for Wisconsin Agriculture and Business

Brownfield Anchor/Reporter Larry Lee will be in Milwaukee Friday, December 15 covering Wisconsin Farm Bureau: NAFTA Works: The Stakes for Wisconsin Agriculture and Business. Continue reading Wisconsin Farm Bureau: NAFTA Works: The Stakes for Wisconsin Agriculture and Business at Brownfield Ag News.
Read Article | Dec 7, 2017

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