COW97 Ag News from Brownfield
Bustos to serve on both House Appropriations and Agriculture Committees
Fri, 18 Jan 2019 16:16:17 +0000
Bustos to serve on both House Appropriations and Agriculture Committees

Illinois Congresswoman Cheri
Bustos has been appointed to serve a fourth term on the House Agriculture
committee.

She has also been appointed
to the House Appropriations committee, which would have made her ineligible to
serve on the agriculture committee, but Speaker Pelosi granted Bustos a waiver
to serve on both.

Bustos says fighting for
agricultural producers has always been a top priority and she’s excited to
continue making sure Illinois farmers have a seat at the table in Washington.

Continue reading Bustos to serve on both House Appropriations and Agriculture Committees at Brownfield Ag News.

     
Illinois State Fair Coliseum expected to re-open by 2019 fair with new name
Fri, 18 Jan 2019 16:01:01 +0000
Illinois State Fair Coliseum expected to re-open by 2019 fair with new name

Photo Credit: Illinois State Fair

The Illinois State Fair Coliseum is expected to be renovated in time for this year’s fair in August, after being closed for two years because of structural damage.

“The Coliseum is just a beloved structure by horse owners, breeders and exhibitors. People from all over the United States come here to show their horses.”

John Slayton, Chairman of the Illinois Fairgrounds Foundation tells Brownfield the historic building’s new name comes from the winners of a naming contest that was open to 4-H, FFA and youth exhibitors in the state.

Continue reading Illinois State Fair Coliseum expected to re-open by 2019 fair with new name at Brownfield Ag News.

     
Early SHP cover crop data shows no yield drag, increase in organic matter
Fri, 18 Jan 2019 14:45:06 +0000

Insights from data collected by the Soil Health Partnership (SHP) shows that cover crops do not result in a yield drag.

“I think farmers are concerned that when they adopt a cover crop that they’re going to see a yield drag,” said Dr. Maria Bowman, lead scientist for the Soil Health Partnership, “and the fact that our data show that there is no statistically significant yield drag, I think, is really important.”

Other early data indicate that farmers participating in SHP are measurably improving their soil organic matter during their first few years in the program.

Continue reading Early SHP cover crop data shows no yield drag, increase in organic matter at Brownfield Ag News.

     
What to know about FSA temporarily reopening
Fri, 18 Jan 2019 10:59:09 +0000

Earlier this week, USDA announced it would be temporarily reopening some FSA offices while the government shutdown continues.

Farmers now have today and next Tuesday to visit their
local office, and a state director says you should only contact FSA regarding
existing farm loans.

Minnesota State FSA executive director Joe Martin says the limited reopening of Farm Service Agency offices is primarily focused on loan activities.

Continue reading What to know about FSA temporarily reopening at Brownfield Ag News.

     
Supply concerns pressure hog futures
Thu, 17 Jan 2019 22:23:14 +0000
Supply concerns pressure hog futures

At the Chicago
Mercantile Exchange, live cattle futures closed lower on profit taking and the
lack of direction from the cash trade. 
Feeder cattle futures fell, pressured by the days higher move in
corn.  February live cattle closed $.72
lower at $127.10 and April live cattle closed $.82 lower at $126.90.  January feeder cattle closed $2.35 lower at
$141.42 and March feeder cattle closed $1.77 lower at $142.92. 

Another day with zero direct cash cattle activity. 

Continue reading Supply concerns pressure hog futures at Brownfield Ag News.

     
Tariff rumors support markets
Thu, 17 Jan 2019 22:10:15 +0000
Tariff rumors support markets

Reports the U.S. is considering lifting tariffs on Chinese imports helped support financial and some commodity markets Thursday.

Originally reported by the Wall Street Journal, the rumor was denied by Trump administration officials speaking to CNBC.

Cabinet-level trade discussions are scheduled for the end of the month in Washington D.C.

Continue reading Tariff rumors support markets at Brownfield Ag News.

     
Missouri Corn: Snow and rain will help make grain
Thu, 17 Jan 2019 22:09:18 +0000
Missouri Corn: Snow and rain will help make grain

The big snow in many parts of Missouri is helping move Missouri further away from the drought of 2018 and the dryness off late 2017. Gary Marshall is CEO of Missouri Corn, “I’ve talked to a lot of farmers over the last two or three weeks who received significant rains in December and early in January. So that coupled with the snowfall we have now – we’re a lot more comfortable going into this planting season which, by now, is really only a couple of months away.”

Farmers in the Missouri Bootheel will start planting in March with the rest of the state’s farmers starting in April.

Continue reading Missouri Corn: Snow and rain will help make grain at Brownfield Ag News.

     
Corn and soybean price reboot
Thu, 17 Jan 2019 22:00:04 +0000

The CEO of Farm Credit Services of America describes the last several years of low commodity prices as a reboot for corn and soybeans.

“The grain industry has really spent the last four or five years kind of reconciling a different price and margin environment.”

Mark Jensen says strong production and increased volatility has put a lot of pressure on profit margins in the half-decade since $6-dollar corn and $14-dollar soybeans.

Continue reading Corn and soybean price reboot at Brownfield Ag News.

     
Investment firm sees growth for GMO and non-GMO seed
Thu, 17 Jan 2019 21:57:23 +0000
Investment firm sees growth for GMO and non-GMO seed

A Michigan investment company says it plans to grow its portfolio of independent and regional seed companies. 

Jim Sheppard with Tillerman Seeds tells Brownfield their
group of more than 20 investors with ag and manufacturing backgrounds helps
small and regional seed companies improve their equity position.

“We saw a need for these companies to survive and that they needed to have an infusion of cash.”    

So far, the group has acquired Michigan-based DF Seeds and
Wisconsin-based Legacy Seeds.

Continue reading Investment firm sees growth for GMO and non-GMO seed at Brownfield Ag News.

     
Louis Dreyfus Company wants out of dairy
Thu, 17 Jan 2019 21:36:11 +0000
Louis Dreyfus Company wants out of dairy

The Dutch commodity trader Louis Dreyfus
Company has announced it will be leaving the dairy business in the next few
months.

The company says dairy accounted for less than
one percent of 2018 revenues and demanded substantial working capital resources.
The company had a net sales of nearly $19 billion in 2018.

By mid-2019, LDC will only have a
non-controlling stake in an Australian dairy processing plant.

Since 2009, the company has been delivering milk
powders and other dairy products to Asia, Mexico, North America, the Middle
East and Africa from key suppliers in North America, Europe, Oceania and South
America.

Continue reading Louis Dreyfus Company wants out of dairy at Brownfield Ag News.

     
MDARD says food safety efforts continue during shutdown
Thu, 17 Jan 2019 21:25:25 +0000
MDARD says food safety efforts continue during shutdown

The new director of Michigan’s Department of Agriculture says
food safety inspections are continuing by state officials during the government
shutdown.

Gary McDowell tells Brownfield along with local health departments,
state  food safety inspectors daily
respond to all complaints and conduct routine, risk-based inspections.

“We’re going to do everything that we can to ensure that our food is safe, but we really need USDA to get back on the job.”     

The department is currently assessing what impact the
shutdown is having in Michigan and where there might be gaps.

Continue reading MDARD says food safety efforts continue during shutdown at Brownfield Ag News.

     
Solid rally in grains, oilseeds
Thu, 17 Jan 2019 21:19:46 +0000
Solid rally in grains, oilseeds

Soybeans were higher on commercial and technical buying. The trade is watching the effects of wet conditions in parts of Argentina and hot, dry weather in portions of Brazil. The trade is also waiting for more public progress in talks with China ahead of Cabinet-level discussions later this month. After the close Thursday, there were rumblings the U.S. is considering lifting tariffs on China to speed up negotiations ahead of the March 1st deadline. Even if significant progress is made in negotiations, a possible slowdown in China’s economy and the spread of African Swine Fever could impact demand.

Continue reading Solid rally in grains, oilseeds at Brownfield Ag News.

     
Closing Grain and Livestock Futures: January 17, 2019
Thu, 17 Jan 2019 21:10:55 +0000
Closing Grain and Livestock Futures: January 17, 2019

Mar. corn closed at $3.80, up 6 cents
Mar. soybeans closed at $9.07 and 3/4, up 13 and 1/4 cents
Mar. soybean meal closed at $312.20, up $1.10
Mar. soybean oil closed at 28.77, up 54 points
Mar. wheat closed at $5.17 and 3/4, up 5 and 1/4 cents
Feb. live cattle closed at $127.10, down 72 cents
Feb. lean hogs closed at $60.85, up 80 cents
Feb.

Continue reading Closing Grain and Livestock Futures: January 17, 2019 at Brownfield Ag News.

     
Milk futures, cash dairy lower
Thu, 17 Jan 2019 21:08:42 +0000
Milk futures, cash dairy lower

Milk futures
on the Chicago Mercantile Exchange closed lower Thursday as cash prices
weakened.

January class
III milk futures closed down six cents at $14.00.  February down 13 cents at $14.14.  March down 19 cents at $14.63.  April down 15 cents at $15.14.  May through September contracts were nine to
16 cents lower.

Dry whey down
$0.0050 at $0.52 cents. 

Blocks down
$0.03 at $1.3875. 

Barrels down
$0.0150 at $1.1850. 

Butter down
$0.0225 at $2.24.  Four trades were made
ranging from $2.2325 to $2.2525.

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

     
AgTech Innovation Summit
Thu, 17 Jan 2019 21:00:21 +0000

Brownfield Anchor/Reporter Rhiannon Branch will be on the ground at the University of Illinois College of ACES, Research Park and Office of Corporate Relations AgTech Innovation Summit March 6, 2019 in Champaign, Illinois.

Continue reading AgTech Innovation Summit at Brownfield Ag News.

     
A positive outlook for ag equipment
Thu, 17 Jan 2019 20:23:21 +0000
A positive outlook for ag equipment

A regional sales manager with Kubota says the market for ag equipment remains strong despite the down farm economy.

David Lease says farmers are investing in both new and used equipment as they continue to face tight margins.

“As the economy stays a little bit stale in the farming sector, equipment is going to wear out so people are looking at new equipment, but good valued used equipment is also being received well,” he says.

Continue reading A positive outlook for ag equipment at Brownfield Ag News.

     
Seasoned Illinois farmer compares drones to tractor cabs
Thu, 17 Jan 2019 20:14:56 +0000
Seasoned Illinois farmer compares drones to tractor cabs

A farmer of 50 years says using a drone on his farm makes farming more fun and allows him do more.

“I think back to when we first got cabs on tractors. Were they worth it? No.  But, would you do it without it? No. So, we just go ahead and do it.”

Paul Taylor farms 750 acres of mostly corn and soybeans in north central Illinois. He tells Brownfield he bought his drone after watching a crop scout operate one with ease.

Continue reading Seasoned Illinois farmer compares drones to tractor cabs at Brownfield Ag News.

     

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