COW97 Ag News from Brownfield
Brownfield Ag Weather Today
Mon, 18 Jan 2021 12:45:33 +0000

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Looking ahead, the 6- to 10-day outlook calls for likelihood of near- or above-normal temperatures across the eastern-third of the U.S., while colder-than-normal conditions will prevail from the Pacific Coast to the Corn Belt. Meanwhile, below-normal precipitation across Florida’s peninsula, New England, and parts of the Pacific Northwest should contrast with wetter (snowier)-than-normal weather across the remainder of the country.

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Supply and Demand breakdown
Mon, 18 Jan 2021 10:59:00 +0000

Last Tuesday’s USDA supply and demand report sent corn futures limit up while soybeans screeched more than 40 cents higher.

Total Farm Marketing’s Naomi Blohm tells Brownfield it was almost like a snowball effect as corn, beans and wheat all saw friendly data that pushed the entire complex to price levels not seen in quite some time.

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A colder, more active pattern across the Heartland
Sat, 16 Jan 2021 13:11:13 +0000
A colder, more active pattern across the Heartland

During the weekend, more tranquil weather will arrive across the country, aside from lingering precipitation (and windy weather) in the Northeast and scattered rain and snow showers from the Pacific Northwest to the northern High Plains.

Early next week, snow may develop in the Rockies and neighboring areas.

However, dry weather will prevail during the next 5 days in California, the Great Basin, the Desert Southwest, the central and southern High Plains, and an area stretching from the western Gulf Coast region into the lower Mississippi Valley.

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Poeschl resigns from National FFA
Fri, 15 Jan 2021 22:59:40 +0000
Poeschl resigns from National FFA

The National FFA Organization’s CEO has resigned.  FFA announced Friday that Mark Poeschl has left the organization effective immediately.

Poeschl began his tenure with National FFA in August of 2016.  In a statement, Poeschl says he’s proud of what has been accomplished together but says it’s time for the next CEO of FFA to step in and make their mark.  No reason for Poeschl’s departure was given.

Poeschl has been at the helm during some unique challenges, including the change to a virtual national convention and the removal of a national officer over inappropriate social media posts.

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Cattle price discovery a priority for NE Farm Bureau
Fri, 15 Jan 2021 22:35:55 +0000
Cattle price discovery a priority for NE Farm Bureau

Nebraska Farm Bureau is making cattle market transparency and price discovery a top priority in 2021.

First Vice President of Nebraska Farm Bureau Sherry Vinton said the bureau’s goal is to increase the number of cash cattle trade to provide greater price transparency. She tells Brownfield the first step is to find how many cash sales will be needed.

“What we’re going to do is conduct a thorough review and make sure that if there is any government mandate, that is has a period of time for a specific review,” She said.

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Analyst says Delta soy farmers could help stave off Brazilian imports in ’21
Fri, 15 Jan 2021 22:33:29 +0000

A diminishing supply both domestically and abroad could spark farmers in the Delta to plant soybeans early and often this spring.

Market analyst Al Kluis says the southern U.S. might have to import 30 to 50 million bushels of soybeans from Brazil this summer.

“That’s the only way you’re going to keep the soybean meal going to the hog farms in the southeastern part of the U.S., but oh is that expensive.

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Farmers help others through mental health training
Fri, 15 Jan 2021 21:58:55 +0000
Farmers help others through mental health training

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A farmer who lost a friend to suicide is now an advocate for farmer mental health. Meredith Bernard grows crops and raises cattle with her husband in North Carolina. She was a panelist on an American Farm Bureau convention session on mental health challenges who says training has helped her reach out to other farmers who are struggling.

“I’m not a doctor, I’m not a counselor, I’m not a professional at this but we don’t have to be.

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AFBF adopts dairy policy dealing with COVID challenges
Fri, 15 Jan 2021 21:54:52 +0000
AFBF adopts dairy policy dealing with COVID challenges

The chief economist of American Farm Bureau says delegates adopted important dairy policies at the recent 2021 virtual convention. John Newton tells Brownfield Ag News, “We adopted new policy, really, to deal with some of the challenges we’ve seen this past year in terms of volatility in milk prices, dealing with the negative PPDs and depooling of milk.”

Newton says delegates also reaffirmed support for farmers to be able to cast an individual and confidential ballot during federal order hearings…

“I think we addressed all the pressing issues in the dairy industry.”

Milk price volatility was made worse by the COVID-19 pandemic, resulting in financial damages to dairy farmers of more than $2-and-a-half billion dollars.

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Cattle, hog futures end the week higher
Fri, 15 Jan 2021 21:46:58 +0000
Cattle, hog futures end the week higher

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher on oversold signals with support by the recent gains in boxed beef prices.  February live cattle closed $.70 higher at $112.77 and April live cattle closed $.97 higher at $118.20.  January feeder cattle closed $1.97 higher at $134.57 and March feeder cattle closed $2.45 higher at $135.82. 

A slow end to the week for direct cash cattle trade, as the bulk of the week’s business took place midweek.  

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CME dairy markets mixed Friday
Fri, 15 Jan 2021 21:21:59 +0000
CME dairy markets mixed Friday

Milk futures were higher and cash dairy markets were mostly lower on the Chicago Mercantile Exchange Friday, January 15th.

January Class III milk was up $.01 at $16.23.  February was up $.32 closing at $19.23.  March was up $.41 at $19.04.  April was up $.29 at $18.55.  May through December contracts ranged from two to twenty-seven cents higher.

Dry whey was up $.02 at $.53. One sale was recorded at that price.

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Quiet end to a strong week for soybeans and corn
Fri, 15 Jan 2021 21:11:52 +0000
Quiet end to a strong week for soybeans and corn

Soybeans were mixed on spread trade and profit taking, still finishing the week with strong gains sparked by Tuesday’s USDA numbers. Most forecasts have good near-term rainfall in parts of Argentina and Brazil, but more will be needed. While harvest is just getting underway in parts of Brazil, widespread activity is still a few weeks away. The Buenos Aires Grain Exchange says 19% of Argentina’s bean crop is in poor to very poor condition. The International Grains Council lowered its 2020/21 world soybean production guess 6 million tons to 359 million.

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Closing Grain and Livestock Futures: January 15, 2021
Fri, 15 Jan 2021 21:09:15 +0000
Closing Grain and Livestock Futures: January 15, 2021

Mar. corn closed at $5.31 and 1/2, down 2 and 3/4 cents
Mar. soybeans closed at $14.16 and 3/4, down 13 and 3/4 cents
Mar. soybean meal closed at $463.20, down $1.70
Mar. soybean oil closed at 41.85, down 126 points
Mar. wheat closed at $6.75 and 1/2, up 5 and 1/2 cents
Feb. live cattle closed at $112.77, up 70 cents
Feb. lean hogs closed at $67.92, up $1.62
Feb.

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Ethanol group calls EPA’s proposed ethanol rule a “poison pill”
Fri, 15 Jan 2021 21:07:30 +0000
Ethanol group calls EPA’s proposed ethanol rule a “poison pill”

A proposed biofuels rule from the EPA is getting criticism from ethanol supporters.

The part of the rule ethanol supporters like would address E-15 labeling and infrastructure requirements and not act on 66 petitions for Small Refinery Exemptions.

Growth Energy’s Chris Bliley tells Brownfield EPA’s proposed rule is in the middle between good and bad.  “We understand the compliance push. We’d rather, again, I think we’d rather see a shorter time frame.

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USDA releases outline for future research
Fri, 15 Jan 2021 20:37:37 +0000
USDA releases outline for future research

The USDA has released its agriculture innovation research strategy summary highlighting areas like crop production, genome design and automation.

The report summarizes stakeholder input and sets goals for research done by the USDA.

USDA Deputy Under Secretary Scott Hutchins says he believes the information in the report will “create enthusiasm and spark imagination” to help solve challenges facing agriculture. He says the challenge is feeding a growing population in a sustainable way.

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Int’l Grains Council cuts global grain crop estimate
Fri, 15 Jan 2021 20:36:11 +0000
Int’l Grains Council cuts global grain crop estimate

The International Grains Council has lowered its outlook for world grain production.

The London, England based organization sees total global 2020/21 grain production at 2.21 billion tons, down 10 million from the last guess, with reduced corn outlooks for the U.S., Argentina, and Brazil mostly cancelling out increased expectations for wheat in Australia, Canada, and Russia. Still, that’s up from the 2019/20 estimate of 2.186 billion tons. The IGC also lowered world grain consumption, anticipating slower feed and industrial use for corn.

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Beef pricing part of AFBF 2021 policy adoption
Fri, 15 Jan 2021 20:35:34 +0000
Beef pricing part of AFBF 2021 policy adoption

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The virtual 2021 American Farm Bureau Convention ended with policies on labor, meat pricing and other big issues.

Farm Bureau President Zippy Duvall says their first ever virtual convention was a tremendous success. Beef pricing was a top discussion.

“We wanted to support an increase negotiated sales on fed cattle markets and we also want to increase transparency in livestock pricing.”

Duvall says delegates updated labor policy, recognizing that parts of agriculture don’t have access to the H2A program which needs to be modernized for commodities like dairy.

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Midday cash livestock markets
Fri, 15 Jan 2021 17:53:41 +0000
Midday cash livestock markets

Direct cash cattle trade is quiet following the light to moderate trade that developed mid-week.  There could be some cleanup business today, but it’s likely the bulk of the week’s business has concluded.  Asking prices for cattle left on showlists are around $112 live in the South and $175 dressed in the North.  Southern live deals this week have had a full range of $108 to $111, mostly $110 to $111, which is $1 to $2 lower than last week’s weighted averages. 

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USDA makes additions to CFAP1 and CFAP2
Fri, 15 Jan 2021 15:00:49 +0000
USDA makes additions to CFAP1 and CFAP2

The USDA has announced additions and revisions to both rounds of the Coronavirus Food Assistance Program, providing added financial assistance for farmers.   

Farm Service Agency Administrator Richard Fordyce tells ag reporters this expands CFAP2 eligibility to pullet and turfgrass sod producers as well as contract producers of swine and some poultry. He says it also updates payment calculations for CFAP2 and adds “Top-up” payments for swine bumping the swine inventory payment rate of 25% up to 50% of estimated economic loss.   

“We knew the losses were greater than we were able to pay for in CFAP1 so this is an opportunity to top those up a little bit.”

He says the adjustments will automatically be made for swine top up payments, but other producers impacted by the changes will need to apply or amend their applications between January 19th and February 26th.

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Beef Quality Assurance Virtual Media Event
Fri, 15 Jan 2021 14:33:35 +0000

Brownfield Anchor/Reporter Meghan Grebner will cover the Beef Quality Assurance Virtual Media Event on February 17, 2021.

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Brownfield Ag Weather Today
Fri, 15 Jan 2021 14:27:45 +0000

Sponsored by Pivot Bio PROVEN

Snow will subside later Friday across the upper Midwest, although blowing snow and high winds will linger through Friday. As precipitation shifts eastward, widespread rain showers will develop on Friday in the Atlantic Coast States. Meanwhile, high winds will gradually diminish across the Plains but overspread parts of the South. During the weekend, more tranquil weather will arrive across the country, aside from lingering precipitation (and windy weather) in the Northeast and scattered rain and snow showers from the Pacific Northwest to the northern High Plains.

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