COW97 Ag News from Brownfield
More hot, largely dry weather for the Heartland
Tue, 07 Jul 2020 21:44:38 +0000
More hot, largely dry weather for the Heartland

A low-pressure system crossing the Southeast will continue to spark heavy showers. Five-day rainfall totals could reach 3 to 6 inches or more in the coastal Carolinas.

Later this week, as the storm system drifts near the Atlantic Seaboard, parts of New England may experience additional drought relief. Other areas in the eastern half of the country and across the nation’s northern tier will receive occasional showers, maintaining generally favorable growing conditions.

However, mostly dry weather will accompany building heat across the central and southern High Plains and the Southwest, resulting in potentially severe stress on already drought-affected rangeland, pastures, and rain-fed summer crops.

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Hog farmer recovering from packing plant closures
Tue, 07 Jul 2020 20:58:07 +0000
Hog farmer recovering from packing plant closures

An Upper Midwest hog farmer continues to work through the marketing disruption resulting from COVID-19 packer shutdowns. East central South Dakota pork producer Shane Odegaard was informed in mid-April of the temporary closure of the Sioux Falls Smithfield packing plant – where most of his hogs are processed – when hundreds of workers tested positive for coronavirus. He had to work quickly to find an alternative outlet for his market-ready hogs.

“We were marketing quite a few hogs, we marketed probably close to over 300 just through direct marketing going into a local butcher shop,” Odegaard told Brownfield Ag News Tuesday.

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Bayer says it will address judges concerns at hearing
Tue, 07 Jul 2020 20:50:35 +0000
Bayer says it will address judges concerns at hearing

The federal judge overseeing the Bayer settlement over RoundUp said Monday he was tentatively included to reject the company’s plan to create a class action for future litigation.

Bayer has said it will set up a scientific panel to
determine whether the glyphosate in RoundUp causes cancer while still allowing
users to make claims.

In a statement to Brownfield, Bayer says it appreciates the
Judge’s order raising his preliminary concerns with the proposed class
settlement which they take seriously.

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Heat stress in cattle is a concern
Tue, 07 Jul 2020 20:49:18 +0000
Heat stress in cattle is a concern

As hot weather continues, heat stress in cattle becomes a greater concern.

University of Nebraska Extension beef educator Erin Laborie says
the combination of hot temperatures, high humidity and lack of air movement can
result in severe cases of heat stress for cattle.

“Especially when we look at those overnight temperatures
that are remaining above 70 degrees. Our cattle really have a hard time
recovering from those heat episodes and preparing for the next day’s heat,” Laborie
says.

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MSU makes field days virtual
Tue, 07 Jul 2020 20:47:31 +0000
MSU makes field days virtual

Michigan State University AgBioResearch and MSU Extension
are transitioning traditional summer field days onto virtual platforms this
year with the ongoing coronavirus pandemic.

MSU AgBioResearch director Doug Buhler says field day events will be online this year to keep everyone safe and to abide by the guidance of the university.

Events
are planned from July into October, mostly on Wednesdays.  RUP and CCA credits can still be obtained as
part of several of the events.

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Cattle group to continue battling USDA over mandatory RFID
Tue, 07 Jul 2020 20:47:26 +0000
Cattle group to continue battling USDA over mandatory RFID

A cattle organization says they will continue to oppose USDA’s efforts to require RFID cattle tags.

Bill Bullard with R-CALF USA says, “Unfortunately, the agency is dead set upon gaining control over the live cattle supply chain in the United States and the first step to do that is to require every producer to begin using the RFID technology.”

Bullard tells Brownfield they defeated a previous attempt last fall, but USDA again published a proposal in the Federal Register Monday with plans to require RFID tags for moving livestock across state lines, which Bullard says is the most expensive way to trace animals. 

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Hog futures lower on profit-taking
Tue, 07 Jul 2020 20:47:25 +0000
Hog futures lower on profit-taking

At the
Chicago Mercantile Exchange, live cattle closed mostly lower, waiting for the bulk
of this week’s cash business to develop.  Feeder cattle were lower on
profit-taking.  August live cattle closed $.10 lower at $100.00 and
October contracts closed $.25 higher at $104.17.  August feeder cattle
closed $1.22 lower at $134.92 and September feeder cattle closed $.90 lower at
$136.32.

There was
very light direct cash cattle trade that took place in most areas on
Tuesday.  Dressed deals in Nebraska were at $157, that’s $3 higher than
last week’s weighted averages.  Live deals in the South were at $94 to
$95, steady to $1 higher than last week’s weighted averages.  A handful of deals were reported on Monday in
Kansas at $93 to $95 and in Nebraska at $160.  If this week’s business
matches the recent trend, it’s likely there will be a light to moderate trade
just about every day. 

At the Callaway Livestock Center in Missouri, compared to last week steer calves 450 to 550 pounds were mostly steady to spots of $2 lower. 

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Missouri farmer says dicamba ruling is a blow
Tue, 07 Jul 2020 20:47:25 +0000
Missouri farmer says dicamba ruling is a blow

A Missouri farmer says the Ninth Circuit court ruling against three dicamba products is disappointing. Kyle Kirby grows corn and soybeans in southwest Missouri. He tells Brownfield Ag News, “We have to get that ruling reversed. You know, dicamba has become a part of our system here and we do use Engenia beans.”

Kirby tells Brownfield he would hate to think about going
back to the way it was before the new products came out several years ago.

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Missouri Soy creates biodiesel grant program
Tue, 07 Jul 2020 20:40:56 +0000
Missouri Soy creates biodiesel grant program

The Missouri Soybean Association and Merchandising Council have a new biodiesel infrastructure grant program, up to 200-thousand dollars per eligible applicant.

Matt Amick, director of Biofuels and New Uses with Missouri
Soybean, tells Brownfield the new program builds on the USDA’s new
infrastructure grants.

“When we found out that USDA was releasing their program we
worked with Missouri Corn and Missouri Agricultural Small Business Development
Authority to create a statewide biofuels infrastructure program.”

Amick says Missouri soybean farmers are going to go ahead and match whatever the Missouri Agricultural and Small Business Development Authority (MASBDA) awards when it comes to biodiesel infrastructure projects.

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Farmer says crops are looking good, but hot conditions are a concern
Tue, 07 Jul 2020 20:40:52 +0000
Farmer says crops are looking good, but hot conditions are a concern

Southern Indiana Farmer Ben Kron says his crops are looking pretty good, but the forecast is a concern as his corn begins pollination.

“I don’t like seeing that going into pollination of our corn but other than that, crops have really come along way and we’ll have to see what this heat does,” he says.

He
says he’s hoping for some timely rains and cooler overnight temperatures.

“Cool temperatures at night would really help pollination come along and our beans are flowering in certain pods so if we could get some cool nights and a couple of showers we definitely wouldn’t complain about that,” he says.  

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Dry spring lingers into summer for Minnesota cattle rancher
Tue, 07 Jul 2020 20:37:26 +0000
Dry spring lingers into summer for Minnesota cattle rancher

A cattle rancher in northern Minnesota says a dry spring has continued into the summer.

“Which is not so good for growing pastures and getting a decent hay crop.”

Miles Kuschel of Sebeka tells Brownfield it’s been three weeks since the last measurable rainfall, and it shows.

“We got first crop (hay) done. It was about half of what it usually is, even some spots were about a third of normal.

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Heat wave comes at a critical time for corn
Tue, 07 Jul 2020 20:36:44 +0000
Heat wave comes at a critical time for corn

This long spell of hot and dry weather comes at a bad time for corn, which is just entering its critical pollination stage across much of the Midwest.

Dennis Todey, director of USDA’s Midwest Climate Hub, says
the forecasts don’t show much letup in those hot conditions.

“Not only during the daytime, where we’re going to have
repeated days in the 90’s, but also likely very warm nights as we have quite
humid conditions,” Todey says.

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Drought intensifying on the central, south Plains
Tue, 07 Jul 2020 20:27:46 +0000
Drought intensifying on the central, south Plains

Across the Corn Belt, very warm, dry weather persists east of the Mississippi River. Among Midwestern States, Michigan led on July 5 with 14% of the corn rated very poor to poor, followed by Ohio (11%) and Indiana (10%). During the week ending July 5, the sharpest increases in topsoil moisture rated short to very short were observed in Ohio (from 31 to 70%) and Michigan (from 41 to 71%). Elsewhere, showers and thunderstorms dot the upper Midwest.

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Closing Grain and Livestock Futures: July 7, 2020
Tue, 07 Jul 2020 20:10:43 +0000
Closing Grain and Livestock Futures: July 7, 2020

Jul. corn closed at $3.45, down 1 and 1/2 cents
Jul. soybeans closed at $8.95 and 1/4, down 3 and 1/4 cents
Jul. soybean meal closed at $293.30, down $2.10
Jul. soybean oil closed at 28.76, up 34 points
Jul. wheat closed at $4.92 and 1/4, up 2 and 3/4 cents
Aug. live cattle closed at $100.00, down 10 cents
Jul. lean hogs closed at $44.52, down 42 cents
Aug.

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Analyzing CFAP payment distributions
Tue, 07 Jul 2020 20:06:35 +0000
Analyzing CFAP payment distributions

Image courtesy of AFBF

The USDA has handed out about one-third of allocated funds
for direct farmer payments through the Coronavirus Food Assistance Program.

American Farm Bureau Federation Economist John Newton tells
Brownfield as of Monday $5.4 billion in direct payments had been distributed
with more than 50% of the funds going to livestock producers.

“In aggregate, a lot of that money flowed to the Midwest. The average livestock payment is about $10,000 per applicant and the rates are higher in portions of the west where you see some of the larger livestock operations.”

The top commodities receiving payments are cattle at $2.3
billion, milk at $1.1 billion, corn at $970 million, hogs at $343 million and
soybeans at $268 million.

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Milk futures, cash dairy mixed
Tue, 07 Jul 2020 19:54:10 +0000
Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed mixed Tuesday as traders work to find a new trading range amid strong cheese prices and growing global demand.

July Class III milk 19 cents higher at
$23.44.  August down 14 cents at $21.50. 
September two cents lower at $19.13. 
October three cents lower at $17.97. 
November through January contracts five cents lower to four cents higher.

Dry whey down $0.0250 at $0.2875.  Eight sales were made ranging from $0.2850 to
$0.30.

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Soybeans, corn give back some of recent gains
Tue, 07 Jul 2020 19:49:40 +0000
Soybeans, corn give back some of recent gains

Soybeans were modestly lower on profit taking and technical selling, bouncing off of overhead resistance but generally staying above support. Contracts saw a slight correction, but losses were limited by hot, dry weather concerns in some key U.S. growing areas. Some areas will see near-term rainfall, but the precipitation is expected to miss parts of the region. Most of the crop is close to entering key development phases and if this period lasts as long as expected, it will likely lower the yield.

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Consumer spending remains uncertain amid COVID-19
Tue, 07 Jul 2020 19:47:30 +0000
Consumer spending remains uncertain amid COVID-19

A Colorado
State University economist said it will take time for consumer spending habits
to return to normal in the wake of COVID-19.

Stephan Weiler
tells Brownfield reopening businesses doesn’t mean consumer spending will necessarily
follow.

“Opening restaurants
doesn’t make any difference if people won’t show up in them,” Weiler said.

Weiler is also the director of CSU’s Regional Economic Development Institute. He said consumer confidence will have to be restored before spending loosens back up and that is no small task.

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1.5% of Paycheck Protection Program funds helped agribusiness
Tue, 07 Jul 2020 19:35:20 +0000
1.5% of Paycheck Protection Program funds helped agribusiness

A Small Business Administration report shows only 1.5% of
the Paycheck Protection Program funding was awarded to agribusinesses.

The SBA says employers in rural areas account for nearly 980
thousand loans worth 79.8 billion dollars, or about 20% of all PPP loans, but
the dollars going towards the agriculture, forestry, fishing, and hunting
sector add up to just 7.9 billion of that. 
The ag sector had a total of just over 139-thousand PPP loans, which was
17th out of 21 categories. 

Most of the PPP loans were processed by over 42-hundred
banks and 900 credit unions, but 54 farm credit lenders processed 15 thousand
of the loans totaling 1.3 billion dollars.

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Michigan Strategic Fund approves $15 million for farm safety grants
Tue, 07 Jul 2020 19:33:38 +0000
Michigan Strategic Fund approves $15 million for farm safety grants

State groups have approved $15 million in federal CARES Act funding to create the Michigan Agricultural Safety Grant Program to support the needs of Michigan’s agricultural processors and farms.

Mark Burton, CEO of the Michigan Economic Development Corporation, tells Brownfield applications will need to be filed as a farm or an ag processor.

“Ten million dollars will support agricultural processors with grants ranging from $10,000 up to $200,000 and the remaining $5 million will support farms statewide with grants ranging from $10,000 up to $50,000.”

He says the program will support the implementation of
COVID-19 monitoring and mitigation strategies as well as protect ag employees
and Michigan food production by covering personal protection equipment, facility,
and sanitation costs among other added expenses.

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