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Live cattle close higher watching direct business develop

At the Chicago Mercantile Exchange, live cattle were up, and feeders were mixed watching direct business develop.  August live cattle closed $1.17 higher at $179.50 and October lives closed $.65 higher at $181.70.  August feeders closed $.10 lower at $257.47 and September feeders closed... Read More.

Soybeans, corn, wheat close with modest gains

Soybeans were modestly higher on short covering and technical buying after a wide-ranging session. Export sales were up on the week, but Brazil remains in control of the global market. The weekly total was 18.2 million bushels, China and Mexico topped the list,... Read More.

Tyson Foods to close Perry, Iowa pork processing plant

Tyson Foods has announced it’s permanently closing its pork packing plant in Perry, Iowa and an ag economist says he was surprised by the move. Allendale chief strategist Rich Nelson tells Brownfield most of Tyson’s financial issues have dealt with beef processing while pork... Read More.

Missouri Prime Beef Packers will close in April

A southwest Missouri beef processing plant is preparing to close next month. Missouri Prime Beef Packers will close in late April, because the Missouri Department of Natural Resources didn’t approve the company’s clean water treatment proposal. State representative Jim Kalberloh says “farmers from southwest Missouri... Read More.

Cattle futures close week sharply higher

Chicago Mercantile Exchange live and feeder cattle futures were sharply higher on technical buying and the higher midday move in beef. Feeder saw additional support from the modest losses in corn. April live cattle were up $3.10 at $188.45 and June was $2.77... Read More.

Corn, wheat close mostly modestly higher

Soybeans were modestly lower on fund and technical selling. Brazil is expected to make good harvest progress this week and 83% of Argentina’s crop is rated fair to excellent. Both countries are expected to see generally beneficial near-term rainfall. The USDA’s updated supply... Read More.

Corn up modestly, soybeans close firm

Soybeans were modestly higher on short covering and technical buying, finding some support near the recent lows. Soybeans continue to monitor development and harvest conditions in South America. Argentina’s in generally good shape, while Brazil’s harvest should hit the halfway point very soon,... Read More.