COW97 Ag News from Brownfield
Midday cash livestock markets
Tue, 13 Nov 2018 18:04:44 +0000
Midday cash livestock markets

Direct cash cattle trade is dead quiet at midday.  Bids and asking prices are not established just yet.  Showlists are mixed – with some steady and others slightly less than last week.  Look for significant trade volume to be delayed until sometime Thursday or Friday.

At the Kingdom City livestock auction in Missouri, receipts are down on the week and the year.  Compared to last week, lightweight steer calves were steady with a weak undertone, steer calves 500 to 650 pounds were $5 to $10 lower. 

Continue reading Midday cash livestock markets at Brownfield Ag News.

     
AGP soy processing plant in Aberdeen remains on schedule
Tue, 13 Nov 2018 17:56:27 +0000
AGP soy processing plant in Aberdeen remains on schedule

AGP remains on schedule to open a new soybean processing plant in South Dakota next year despite demand concerns.

Merchandising manager Adam Piper says the crushing facility in Aberdeen should be at full production by next harvest.

“We’re going to remain optimistic about where we’re at today, and we understand what the Administration is trying to get done (and) support that.  But we would like to have a timely and expedited process (to resolving the trade disputes) at this point.”

He anticipates a large carryout because of lost demand mainly from China, and a huge U.S.

Continue reading AGP soy processing plant in Aberdeen remains on schedule at Brownfield Ag News.

     
China’s “shop vac” effect on U.S beans gone
Tue, 13 Nov 2018 17:24:22 +0000
China’s “shop vac” effect on U.S beans gone

U.S. soybeans that typically went to China through the Pacific Northwest are piling up in the northern Midwest because of the trade war, “The soybeans are just backing up in the pipeline because, traditionally, China would be like a big shop vac, sucking up all the soybeans and buying from the Gulf and the PNW and we’re just not moving any soybean from the PNW,” says Paul Burke is senior marketing director for the U.S.

Continue reading China’s “shop vac” effect on U.S beans gone at Brownfield Ag News.

     
Tough decisions are being made in farm country
Tue, 13 Nov 2018 16:54:29 +0000

Ag bankers say they’re nervous about the year ahead for farmers.

Shan Hanes is a banker in Kansas and chair of the Ag and Rural Bankers Committee for the American Bankers Association.  “The biggest concern frankly, as we move into 2019 is cash flows and with these low commodity prices that we’re looking at, it’s hard to make cash flow work.  It’s hard to make something breakeven, much less profitable.”  He says lenders have been working with farmers to reduce costs and are giving rental rates and input supplier agreements a hard look for 2019.

Continue reading Tough decisions are being made in farm country at Brownfield Ag News.

     
Minnesota Extension hosts free “Hog the Savings” seminar
Tue, 13 Nov 2018 16:53:04 +0000
Minnesota Extension hosts free “Hog the Savings” seminar

University of Minnesota Extension staff have identified ways of making hog farms more energy efficient.

Extension program manager for energy development Fritz Ebinger says producers should go after the low-hanging fruit first.

“Pretty much every hog barn has a pretty good energy load.  You want to think about the best way to tap into the electric panel, and also how to protect the panels from things like dirt and any corrosive emissions. 

Continue reading Minnesota Extension hosts free “Hog the Savings” seminar at Brownfield Ag News.

     
Indiana Agbioscience Innovation Summit
Tue, 13 Nov 2018 16:48:03 +0000

Brownfield Anchor/Reporter Amie Simpson will be on the ground in Indianapolis 2018 on Thursday, November 29 for the Indiana Agbioscience Innovation Summit.

Continue reading Indiana Agbioscience Innovation Summit at Brownfield Ag News.

     
Early winter turning back to late fall weather across Midwest
Tue, 13 Nov 2018 16:43:26 +0000

An ag meteorologist says a return to autumn weather is in store for parts of the Midwest dealing with winter conditions.

Greg Soulje tells Brownfield November snow as far south as Oklahoma and Texas is a trademark of a strengthening El Nino.

“We usually kind of fast-forward to an earlier start to winter, but as you get deeper into autumn and almost up to the actual start of the winter season, we reverse the whole weather pattern. 

Continue reading Early winter turning back to late fall weather across Midwest at Brownfield Ag News.

     
Fast pace continues for corn export inspections
Tue, 13 Nov 2018 16:41:43 +0000

The USDA says corn export inspections as of the week ending November 8th remain ahead of the projected pace for the current marketing year.

Wheat came out at 342,157 tons, up 1,593 from the week ending November 1st and 33,499 higher than the week ending November 9th, 2017. For the 2018/19 marketing year to date, wheat inspections are 9,297,344 tons, compared to 11,756,621 in 2017/18.

Corn was reported at 1,136,708 tons, 147,645 less than the previous week, but 730,076 more than this time last year.

Continue reading Fast pace continues for corn export inspections at Brownfield Ag News.

     
No sugar-coating struggles in dairy
Tue, 13 Nov 2018 16:35:24 +0000
No sugar-coating struggles in dairy

The CEO of Midwest Dairy isn’t sugar-coating the challenges facing U.S. dairy farmers.

Lucas Lentsch says the past two to three years have been difficult from a profitability standpoint.

“Multi-generation families are really looking hard in the mirror to see if they can make it through to next year (and) get through this low point in the economy around agriculture.  That pain is real.”

Speaking to Brownfield at the NAFB Convention in Kansas City, he says this year’s trade disputes have had more than a $1.5 billion-dollar impact on U.S.

Continue reading No sugar-coating struggles in dairy at Brownfield Ag News.

     
Undersecretary McKinney calls USMCA dairy provisions a huge win
Tue, 13 Nov 2018 16:17:02 +0000
Undersecretary McKinney calls USMCA dairy provisions a huge win

USDA’s Undersecretary for Trade and Foreign Ag Affairs sees the new USMCA agreement as a win, especially for the dairy sector.

Ted McKinney says, “We had some things to fix with our friends with Canada, and I do mean friends.  What they were doing with their dairy milk supply system was absolutely against the rules.”

McKinney tells Brownfield holding out for the removal of Canada’s Class 7 pricing had to be done. 

Continue reading Undersecretary McKinney calls USMCA dairy provisions a huge win at Brownfield Ag News.

     
Indiana Farm Bureau State Convention
Tue, 13 Nov 2018 15:31:44 +0000

Brownfield Anchor/Reporter Amie Simpson will be on the ground for the Indiana Farm Bureau State Convention Friday, Dec. 7 – Saturday, Dec. 8 at the Grand Wayne Convention Center in Fort Wayne, Indiana.

Continue reading Indiana Farm Bureau State Convention at Brownfield Ag News.

     
Study shows three-year dairy price cycle might be a thing of the past
Tue, 13 Nov 2018 12:35:38 +0000

CoBank Economist Ben Laine authored a new report that suggests the traditional three-year dairy price cycle might be a thing of the past, with the shift to larger dairy farms possibly leading to longer periods of lower prices, like the industry is experiencing now.

 

Continue reading Study shows three-year dairy price cycle might be a thing of the past at Brownfield Ag News.

     
Trees for Troops
Mon, 12 Nov 2018 22:59:29 +0000

Brownfield’s Amie Simpson will be on the ground for Trees for Troops Tuesday, November 13 in Thorntown, Indiana

Continue reading Trees for Troops at Brownfield Ag News.

     
Corn, wheat gain despite higher dollar
Mon, 12 Nov 2018 22:20:52 +0000

Soybeans closed lower in a day of quiet trading because of the holiday. The USDA Crop Progress reports are out Tuesday with harvest data as of Sunday. Kansas and Missouri got snow and rain the past two days and parts of the Corn Belt are wet. Soybean planting is making progress in Brazil and Argentina, but DTN says heavy rain is expected in Argentina the next seven days. That will keep planting progress slow and will raise the risk of flooding.

Continue reading Corn, wheat gain despite higher dollar at Brownfield Ag News.

     
Quality concerns grow during wet harvest
Mon, 12 Nov 2018 22:18:25 +0000

An agronomy specialist says a wet harvest has meant quality concerns in many parts of the Corn Belt.

Nick Hustedde with FMC tells Brownfield a delayed harvest and disease issues in soybeans have meant some growers are being discounted at the elevator.  “We started picking up more frog eyed leaf spot pressure about the middle of July and we’ve had pretty consistent moisture since then.  It brought on quite a bit of fungal infection, we do have some discoloration that’s been happening and some dockage at the elevator.”

He says corn lodging also increases the risk of vomitoxin which is being reported at above normal levels from Iowa and Nebraska to Michigan and Ohio.  

Continue reading Quality concerns grow during wet harvest at Brownfield Ag News.

     
Closing Grain and Livestock Futures: November 12, 2018
Mon, 12 Nov 2018 22:18:05 +0000

Dec. corn closed at $3.71 and 1/4, up 1 and 1/2 cents
Nov. soybeans closed at $8.71 and 3/4, down 3 and 1/2 cents
Dec. soybean meal closed at $305.60, unchanged
Dec. soybean oil closed at 27.71, up 9 points
Dec. wheat closed at $5.19 and 3/4, up 17 and 3/4 cents
Dec. live cattle closed at $114.92, up $.35
Dec. lean hogs closed at $56.55, up 75 cents
Dec.

Continue reading Closing Grain and Livestock Futures: November 12, 2018 at Brownfield Ag News.

     
USGC returns from Mexico, says it’s back to business as usual
Mon, 12 Nov 2018 22:16:28 +0000
USGC returns from Mexico, says it’s back to business as usual

U.S. Grains Council leaders just returned from a trade mission to Mexico and Tom Sleight says it’s back to business as usual now that negotiations for the U.S. Mexico Canada Agreement are wrapped up.

Sleight, president and CEO, says it was important for the USGC to meet with customers in Mexico.

“We thought it was a good time to touch base again and that’s exactly what we found,” he says. “Customers are relieved, relieved that negotiations are done.”

He tells Brownfield Mexico is a top importer of U.S.

Continue reading USGC returns from Mexico, says it’s back to business as usual at Brownfield Ag News.

     
USGC returns from Mexico, says it’s back to business as usual
Mon, 12 Nov 2018 22:16:01 +0000
USGC returns from Mexico, says it’s back to business as usual

U.S. Grains Council leaders just returned from a trade mission to Mexico and Tom Sleight says it’s back to business as usual now that negotiations for the U.S. Mexico Canada Agreement are wrapped up.

Sleight, president and CEO, says it was important for the USGC to meet with customers in Mexico.

“We thought it was a good time to touch base again and that’s exactly what we found,” he says. “Customers are relieved, relieved that negotiations are done.”

He tells Brownfield Mexico is a top importer of U.S.

Continue reading USGC returns from Mexico, says it’s back to business as usual at Brownfield Ag News.

     
Milk futures higher, cash dairy mixed
Mon, 12 Nov 2018 22:14:50 +0000

Class III milk futures at the Chicago Mercantile Exchange worked their way higher Monday taking back some of last week’s losses.

November closed a nickel higher at $14.50.  December up 19 cents at $14.66.  January 14 cents higher at $14.90.  February up a dime at $14.99.  March through next October contracts closed six to 11 cents higher.

Barrels were up $0.0125 at $1.3175.

Blocks closed $0.03 lower at $1.35. 

Continue reading Milk futures higher, cash dairy mixed at Brownfield Ag News.

     
Threat of fescue foot in cattle increases
Mon, 12 Nov 2018 22:13:41 +0000
Threat of fescue foot in cattle increases

Fescue Foot is an increased threat for Missouri cattle producers going from drought to sustained, very cold temperatures.

University of Missouri Extension specialist Craig Roberts says fall pasture growth after a drought produces more toxins in infected tall fescue grass, which can lead to fescue foot, “If they see these cattle starting to limp they need to pull the cattle and put them on a non-toxic fescue diet. It could be hay or a pasture that’s not Kentucky 31, something like that.” Research shows most toxins in the fall stay in the lowest two inches of the fescue plant.

Continue reading Threat of fescue foot in cattle increases at Brownfield Ag News.

     

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