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Ag groups watching IL General Assembly

Ag groups say they’re closely watching several legislative proposals in the Illinois General Assembly. Jennifer Tirey, executive director with the Illinois Pork Producers Association, says their members are concerned over potential livestock regulations. “There are several pieces of legislation that dropped the very last...

Farmers watching Panama Canal issues

U.S. farmers and agricultural groups are closely watching developments around the Panama Canal. Mike Steenhoek is with the Soy Transportation Coalition. He says, “Soybeans are the number one agricultural customer of the Panama Canal. We typically ship at least 600 million bushels of soybeans...

Live cattle futures mixed watching direct business develop

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were lower ahead of the week’s direct cash business.  February live cattle closed $.30 higher at $197.05 and April live cattle closed $.17 lower at $197.32.  March feeder cattle closed $.80 lower at...

Cattle futures up watching direct business develop

At the Chicago Mercantile Exchange, live and feeder cattle were up on the steady to higher cash business that developed on Wednesday.  February lives closed $1.12 higher at $198.52 and April lives closed $1.17 higher at $199.32.  March feeder cattle closed $1.60 higher at...

NCBA watching 2025 tax policy

The National Cattlemen’s Beef Association is engaged as Congress prepares to write a new tax bill in 2025.  NCBA president-elect Buck Wehrbein says there are several provisions in the Tax Cuts and Jobs Act that expire next year. “We call it the death tax,...

National Farmers Union watching tax reform

The National Farmers Union is looking at how possible changes to federal tax policy might impact farmers. President Rob Larew says several provisions from the Tax Cuts and Jobs Act of 2017 expire in 2025. “First of all, we’re always going to be looking...

Soybeans down, corn mixed, watching weather in South America

Soybeans were modestly lower on fund and technical selling. Development weather in most of South America continues to look non-threatening to favorable. Conditions in much of Brazil are nearly ideal and while some portions of Argentina have been a little drier, there is rain...

Watching the farm bill in the lame duck

The executive director of the Plant Based Product Council says finalizing a farm bill before the end of the year is becoming increasingly difficult. James Glueck is also the former policy director for Senate Ag Committee Chairman Pat Roberts. “Always hopeful that there’s a...

Watching for ear rot this harvest

A Purdue Extension corn specialist says farmers should be on the lookout for ear rot prior to entering the field this harvest season. Dan Quinn says harvest timing is key. “You look at a year like last year where we kind of lagged behind on...

Soybeans up, watching harvest results

Soybeans were higher on fund and technical buying. The trade’s watching early harvest activity, with mixed results in some key growing areas. That followed a stretch of drier than normal weather with high temperatures in parts of the region, which evidently impacted yield. Drought...