|COW97 Ag News from Brownfield|
|Ag, manufacturing, and transportation say NAFTA is necessary|
|Sat, 16 Dec 2017 04:46:10 +0000|
Agriculture, manufacturing, and transportation leaders had a common message for the Trump Administration Friday morning… Don’t walk away from the North American Free Trade Agreement. Along Milwaukee’s lakefront, business and political leaders agreed that it’s time for the President commit to keeping NAFTA. One of them is Jeffrey Schwager with Sartori Cheese, who told Brownfield, “To get an agreement done for all of us is important. Uncertainty kills us.”
Schwager says Sartori could lose a large part of their market without NAFTA, saying, “Without a NAFTA agreement, our exports could go (down) in half.”
Wisconsin Farm Bureau Federation President Jim Holte tells Brownfield farmers, industry, and workers need to keep telling Washington how vital NAFTA is to them.
|Senate Ag Committee tackles security of US agriculture|
|Fri, 15 Dec 2017 23:50:42 +0000|
Safeguarding the US agriculture industry and food supply system is a big concern as the Senate considers the 2018 Farm Bill.
Ranking member of the Senate Ag Committee Debbie Stabenow says food security IS national security and funding and research needs to be strengthened to protect the industry.
“Threats to our agriculture industry would not only decimate our economy but also change, frankly, our way of life,” she says.
The Senate Ag Committee held a hearing on agriculture security today for the first time in a decade.
|La Niña expected to continue through winter|
|Fri, 15 Dec 2017 23:43:22 +0000|
The National Oceanic and Atmospheric Association (NOAA) says there’s an 80 percent chance La Niña will continue through the winter.
Link Crawford, a hydrometeorologist with Ohio River Forecast Center, says colder temperatures are expected this winter.
“NOAA has come out and declared it’s confident La Niña is not ending right away,” he says. “It’s going to stay through the winter and into at least the beginning of spring.”
He tells Brownfield it makes sense that La Niña conditions are expected to continue.
|Fuel investment can pay off|
|Fri, 15 Dec 2017 22:50:42 +0000|
A refined fuels expert says spending more on higher-quality diesel reduces potential downtime and expensive repairs.
Akhtar Hussain with Minnesota-based CHS tells Brownfield farmers have difficult decisions to make concerning where to reduce expenses while margins remain tight.
“So while there are a number of areas to invest, we feel the investment in a Cenex premium diesel fuel is one that is likely to save money in the long-run.”
Cenex is the energy brand of CHS.
|Iowa soybean growers’ policy favors trade, conservation incentives|
|Fri, 15 Dec 2017 22:30:29 +0000|
Iowa soybean growers want the administration to know how important trade agreements are to farmers. Iowa Soybean Association President Elect Lindsay Greiner tells Brownfield the organization set policy specific to the U.S. pulling out of the Trans-Pacific Partnership negotiations.
“We’re in favor of expanding trade or any kind of trade we could do with Pacific Rim countries,” Greiner told Brownfield Ag News at the conclusion of the Iowa Soybean Association annual policy conference in Des Moines Thursday, “and the way commodity prices are now, why of course that would be very important to farmers.”
Iowa Soybean farmer delegates also set policy on conservation.
|Dairy markets down to end the week|
|Fri, 15 Dec 2017 22:24:21 +0000|
Dairy markets ended the week down on the Chicago Mercantile Exchange Friday.
December Class III milk futures finished the day down $.01 at $15.50.
After a couple of days with nice gains, January milk was down $.30 closing at $14.40. February also lost this week’s gains, closing down $.28 at $14.22. March was down $.20 closing at $14.32. The rest of the 2018 milk futures were all down except October, which was up a penny.
|MacDon sold to fellow Canadian company|
|Fri, 15 Dec 2017 22:21:40 +0000|
A Canadian manufacturer that specializes in harvesting equipment is being sold to another Canadian company.
MacDon Industries, headquartered in Winnipeg, has agreed to be purchased by Linamar for close to $940 million.
Linamar is based in Ontario and focuses mainly on producing components for the automobile industry.
MacDon has customers for its ag equipment products in more than 40 countries, including the U.S., with a network of about 1,400 dealers and distributors globally.
|Cattle futures close higher on stronger cash trade|
|Fri, 15 Dec 2017 22:14:21 +0000|
At the Chicago Mercantile Exchange, cattle futures ended the week sharply higher on early technical momentum and today’s better than expected cash trade. Feeder cattle futures found additional support in Friday’s lower move in corn. December live cattle closed $2.62 higher at $118.90 and February live cattle closed $1.87 higher at $121.02. January feeder cattle closed $1.50 higher at $147.75 and March feeder cattle closed $1.20 higher at $145.55.
Direct cash cattle trade picked up significantly toward the end of the day.