Brownfield Ag News

Headlines on today’s episode include:

-What does the big drop in beef cow slaughter mean?

-Beef, pork exports down year-over-year amid U.S-China tariff dispute

-Thou shalt not sell unpriced grain past July 1st

-Grains monitor energy markets

-Farm groups optimistic about next WOTUS rule

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Brownfield Commodity Market Reporter John Perkins has your look at the mixed close for cattle and the losses in soybeans, corn, wheat, and hogs.

» July corn $4.16 and ¼ down $.03

» July soybeans $10.46 and ¾ down $.12

» July soybean meal $280.50 down $1.90

» July soybean oil 52.17 down 107 points

» July Chicago wheat $5.35 and ¾ down $.17

» August live cattle $209.55 up $.17

» July lean hogs $112.22 down $1.22

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

Find more agriculture news here: https://brownfieldagnews.com/

Connect with Brownfield Ag News:

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Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content.

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Brownfield Commodity Market Reporter John Perkins has your look at the higher start in cattle, the losses in soybeans, wheat, and hogs, and the mixed open in corn.

» Soybeans and corn are watching development weather

» Wheat is monitoring harvest activity and development conditions

» Cattle have some optimism about direct business

» Hogs are seeing some profit taking

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

Find more agriculture news here: https://brownfieldagnews.com/

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: @BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

Subscribe and listen to Brownfield Ag News:

➡︎ Apple: https://podcasts.apple.com/dz/podcast/brownfield-ag-news/id1436508505

➡︎ Spotify: https://open.spotify.com/show/4qoIHY9EYUV9sf5DXhBKHN?si=a4483aaa1afd445e

Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Every Monday, the Illinois Corn Checkoff brings farmers the latest updates in the industry, cool new tech previews, and more on IL Corn TV on YouTube. In this Managing for Profit, John Klemm, a DeWitt County farmer and ICMB board member, provides insight into this unique outreach tool and how it benefits Illinois farms.

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Headlines on today’s episode include: U.S. ag industry monitors conflict with Iran, USMEF discusses port congestion concerns, John Deere headed to court over FTC Right to Repair lawsuit, Illinois dairy industry showing stability, and 2024 RMA yields trigger some farm safety net payments. 

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Brownfield Commodity Market Reporter John Perkins has your look at the modestly higher move in hogs, the mixed close in cattle, and the lower finishes for soybeans, corn, and wheat.

Closing numbers:

» July corn $4.19 and ¼ down $.09 and 1/2

» July soybeans $10.58 and ¾ down $.09 and 1/4

» July soybean meal $282.40 down $1.70

» July soybean oil 53.24 down 123 points

» July Chicago wheat $5.52 and ¾ down $.15

» August live cattle $209.37 down $.45

» July lean hogs $113.45 up $.67

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

About Brownfield Ag News:

Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brownfield Commodity Market Reporter John Perkins has your look at the lower opens in soybeans and corn, and the mixed starts in wheat, cattle, and hogs.

What to watch:

» Soybeans and corn expect improved crop ratings.

» Wheat is watching harvest and development weather.

» Cattle are waiting to see how this week's showlist looks.

» Hogs continue to monitor demand.

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

About Brownfield Ag News:

Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Missouri Soybeans’ Technical Conservation Agronomist, Kaitlin Flick-Dinsmore, says it's important that farmers become familiar with the Endangered Species Act and provides some clarification on navigating the ESA and working with the EPA. Learn more at mosoy.org.

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In this episode, Meghan Grebner and Kenny Burdine discuss the current state of the livestock market, focusing on cattle and hogs. They analyze market trends, the impact of labor on slaughter rates, and the implications of the ongoing ban on live cattle imports from Mexico. The conversation also delves into beef cow slaughter dynamics and the future outlook for cattle on feed, emphasizing the importance of herd health and market conditions.

Takeaways:

» Cattle slaughter is projected down about a percent this week.

» Labor uncertainties are impacting market volatility.

» The hog market has shown significant demand strength recently.

» The import ban from Mexico is affecting cattle supply.

» Beef cow slaughter has decreased significantly this year.

» Producers are making cautious culling decisions due to high calf prices.

» The cattle market is experiencing a correction after a strong run.

» Seasonality in hog slaughter is showing stronger trends than in previous years.

» The cattle on feed report is closely watched for market expectations.

» Future expansion in the cattle industry may be slow and cautious.

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

About Brownfield Ag News:

Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On this latest episode, we’ll learn about RMA yields leading to crop insurance payments; the latest cattle on feed numbers; summer heating up in the Midwest; USDA’s latest steps against New World Screwworm; a call for a tariff rollback; and a look at this week’s export sales summary.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.