Market News
Closing Grain and Livestock Futures: April 17, 2024
Brownfield Ag News3 minutes ago
May corn closed at $4.30 and 1/4, down 3/4 centMay soybeans closed at $11.49 and 1/2, up 4 and 1/2 centsMay soybean meal closed at $338.70, up $3.40May soybean oil closed at 45.00, up 9 pointsMay wheat closed at $5.37, down 12 and 3/4 centsJun. live cattle closed at $175.32,...
Rep. Bost: Farm bill moving by Memorial Day
Brownfield Ag News3 minutes ago
A member of the U.S. House Agriculture Committee expects work on the next farm bill to pick up sooner rather than later. Congressman Mike Bost, of Illinois, tells Brownfield… “The Republican members had a meeting with the chairman just earlier this week where we were told that we will be...
Stocks Post Moderate Losses as Chip Stocks Retreat
Barchart3 minutes ago
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12% and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.24%. US stock indexes Wednesday gave up an early advance and turned lower, with the...
Modest midweek gains for soybeans
Brownfield Ag News19 minutes ago
Soybeans were modestly higher on short covering and technical buying. Soybeans also had some help from the higher move in meal, which continues to respond to the solid domestic crush demand. Still, export demand for U.S. meal has slowed down, with the world’s largest exporter of soybean products, Argentina, producing...
Hog futures mixed at midweek
Brownfield Ag News19 minutes ago
At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were mostly lower, waiting for direct business to develop. June live cattle closed $.40 lower at $175.32 and August lives closed $.15 lower at $172.77. May feeders closed $.70 lower at $240.27 and August feeders closed $.22 lower at...
Planting progress seemingly normal
Brownfield Ag News35 minutes ago
A mid-Michigan farmer says soils have been too cold and wet to get an early jump on planting. Andrew Braun tells Brownfield, “It’s warmer right now, but it’s supposed to cool off here the later half of this week and into the next week.” “We probably won’t get started until...
Consumer education programs driving U.S. pork demand in Central America
Brownfield Ag News35 minutes ago
Exports of U.S. pork to Central America continue to grow and the U.S. Meat Export Federation says consumer education programs help drive demand. Lucia Ruano says funding from the USDA and the National Pork Board helped showcase the quality and versatility of U.S. pork to consumers. “They can learn the...
Year-Round E15 Act introduced in U.S. House
Brownfield Ag News35 minutes ago
A bill has been introduced in the U.S. House that would allow E15 to be sold during the 2024 summer driving season. Congressman Zach Nunn says the Year-Round E15 Act wouldn’t have been necessary if the U.S. EPA would have enacted year-round sales beginning this year. “This year, (the EPA)...