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Strong demand expected to lift dairy prices

The USDA is forecasting milk production for this year and next to remain unchanged from last month’s estimate. In the latest supply and demand report, the USDA raised its butter, cheese, whey, and nonfat dry milk price forecasts for 2024 because of recent price... Read More.

Farmland values remain strong despite financial headwinds

Midwestern farmland values remain strong despite a weakening ag economy. Compeer Financial director of appraisal Adam Schmidt says a dramatic increase in interest rates should put downward pressure on the land market. “Land is more expensive to finance, that investor category has other attractive alternative... Read More.

Soybeans, corn see strong end to the week

Soybeans were higher on commercial and technical buying, building on what would have already been a week-to-week gain. The USDA did lower Brazil’s crop guess by a million tons, while also raising the export outlook and increasing imports by China. That minimal change... Read More.

A strong finish for cattle futures, hogs mostly higher

At the Chicago Mercantile Exchange, live and feeder cattle closed higher, supported by the week’s stronger cash business.  Feeders had additional support from the lower move in corn. February live cattle closed $.72 higher at $178.45 and April live cattle closed $.97 higher... Read More.

USMEF expects strong year for pork in ‘24

The president and CEO of the U.S. Meat Export Federation says pork exports are in a strong position to start the year. Dan Halstrom tells Brownfield purchasing power picked up steam in 2023 despite some economic challenges. “We’re looking at somewhere in an 8-to-10%... Read More.

MO FSA Director: strong interest in drought programs

The state executive director for Missouri’s Farm Service Agency says last year’s widespread drought has encouraged one of the biggest sign-ups ever for the Livestock Forage Program. “We’ve given out more than $170 million.” Joe Aull tells Brownfield severe to exceptional drought challenged grazing, hay... Read More.