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Cash dairy markets mostly steady entering holiday weekend

Cash dairy prices were mostly steady with light trading activity Friday on the Chicago Mercantile Exchange.  Dry whey was unchanged at $0.7375.  No sales were recorded.  Forty-pound cheese blocks were unchanged at $1.89. No sales were recorded.  Cheese barrels were also unchanged at $1.89.  No...

Local grain markets riding the HPAI outbreak wave

Record corn and soybean harvests are expected to help farmer profitability in Michigan despite basis issues. Phil Tuggle with Michigan Agricultural Commodities tells Brownfield, “The price hasn’t been great per bushel, but we had extra bushels and I think that really helped the bottom...

South American weather not helping markets

The chief atmospheric scientist with Conduit Ag says South American weather is not helping U.S. grain markets. Eric Snodgrass says key growing areas in Brazil and Argentina are benefiting from abundant moisture. “There’s drought, but it’s in the wrong places.”  He says, “Where there’s...

ASA and WISHH highlight importance of emerging markets

The executive director of the World Initiative for Soy in Human Health says growing populations are driving demand for more protein. Gena Perry says the industry is targeting new markets for U.S. soy, which helps boost demand. “The FAO, Food and Agriculture Organization of the...

No holiday lull for grain markets

The senior director of brokerage for CHS Hedging expects a lot of market volatility through the end of the year. Joe Barker says exports have been strong for corn, soybeans, and wheat. “Trade will continue through the coming months, even though there’s a transition...

Many factors influencing markets

A grain originator with CHS says many factors are currently influencing grain markets.                   Renae Halverson says the big three commodities are seeing price impacts from a variety of sources. “The wheat market right now is rallying a little bit off of the Ukraine area.” ...

Ag economist weighs in on challenging grain markets

An ag economist says 2024 was a tough year for growers as grain markets continued to move lower. Cody Bills with Farmers Business Network tells Brownfield… “If you didn’t have a disciplined risk management plan where you were forced to sell based on timing...

Setting the stage for cattle markets in 2025

Without the July Cattle Inventory report, much of the cattle industry continues to look for any substantial signs of retention and herd expansion. Livestock economist Scott Brown says this month won’t be any different. “Livestock slaughter, one of the big ones here, of course,...

Expanding markets for U.S. soy

A farmer leader with the United Soybean Board says the soy checkoff is focused on developing new international markets. Minnesota farmer Patrick O’Leary says growing export markets is crucial for U.S. soybean demand. “It’s one of the few proteins where we’re getting all nine...

Cash dairy markets mixed Thursday

Cash dairy prices were mixed Thursday on the Chicago Mercantile Exchange.  Dry whey prices were up $0.0325 at $0.6550.  Four sales were recorded, ranging from $0.63 to $0.65.  Forty-pound cheese blocks were down $0.0325 at $1.6575.  One sale was recorded at that price.  Cheese...
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