Brownfield Ag News

Headlines on today’s episode include: USDA suspends imports of live cattle, bison, and horses from Mexico, Grain Markets Respond to U.S. and China Agreement, Trade agreement in principle good for beef and pork exports, Farmers for Free Trade encouraged by tariff reduction, Trade agreement in principle is good news for soybean farmers, and Gene-edited pigs approved for U.S. market.

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Brownfield Commodity Market Reporter John Perkins has your look at the strength in soybeans, cattle, and hogs, the losses in wheat, and the mostly higher finish for corn.

Closing numbers:

» July corn $4.48 down $.01 and 3/4

» July soybeans $10.71 and ¼ up $19 and 1/2

» July soybean meal $298.10 up $4.00

» July soybean oil 49.92 up 135 points

» July Chicago wheat $5.15 and ¼ down $.06 and 1/2

» June live cattle $216.82 up $2.15

» June lean hogs $98.30 up $.72

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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.

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Evidence shows that SOYLEIC non-GMO soybeans create excellent dairy cow rations, which bodes well for both SOYLEIC soybean growers and dairy producers. The high oleic SOYLEIC soybeans were developed with the support of Soybean Checkoff by Missouri Soybeans. 

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With more than 65% of U.S. soybean acres planted to Enlist E3 soybeans, farmers across the country have found great success with the Enlist weed control system from Corteva Agriscience. Nebraska farmer Grady Johnson, owner at 37-Ag, tells Brownfield he’s switched to Enlist E3® soybeans and is excited about his weed control program for the 2025 season.

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

What to watch:

» Soybeans are encouraged by tariff talks with China.

» Corn and wheat are waiting for USDA numbers.

» Cattle are supported by tighter supply expectations.

» Hogs are up with Friday's close in pork.

Connect with Brownfield Ag News:

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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.

In this week's video, Brownfield's Meghan Grebner and University of Kentucky's Kenny Burdine talk trade and risk protection.

Market highlights:

» The 5-market average fed steer price was up sharply again this week at $226.56 per cwt.

» June live cattle futures gained $3.55 from last week, settling Friday at $214.65.

» Choice boxed beef price was up $1.49 compared to last week, coming in today at $345.97.

» May feeder cattle futures were up $3.20 on the week, closing today at $298.15.

» The national base hog carcass price was up slightly to $88.73 per cwt.

» Pork cutout values were up less than $1 at $97.94 per cwt.

» May lean hog futures were actually off by $2.60 this week, closing at $90.35 today.

Weekly Slaughter:

» Cattle slaughter was unchanged week-over-week at 559,000 head, but running a little over 6% lower than last year, year-to-date.

» Hog slaughter was up 2% from last week at 2.49 million head and that’s down a little over 2% year-to-date.

Monthly trade data:

» Beef exports were essentially unchanged from March of 2024 and down 2.7% for the quarter.

» Beef and veal imports were up 47% from year-ago levels and 24% quarter-over-quarter.

» Exports to China were down 2% for the month, but up 2% for the quarter.

» Pork exports were up 3% in March, but down about 1% in the first quarter of this year.

» Pork imports were down 8% for the month and 5.9% for the quarter.

A few changes to LRP for the 2026 reinsurance year:

» Potential to cover forward priced cattle prior to having possession.

» Unborn beef and beef-dairy-cross calves (to be sold very young) and cull dairy cows can be covered.

» Drought hardship exemption allows covered feeder cattle to be sold more than 60 days prior to end date under certain conditions.

» Prohibition of subsidy capture.

Next week's reports:

» Supply and 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

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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.

Headlines on today’s episode include: NCGA president says UK trade deal a good sign, UK trade deal could create opportunity for U.S beef, Rep. Hinson lauds Trump and the UK trade deal, U.S. farmers & Purdue University helping solve corn storage concerns in Mexico, Chairman says Congress plans to deliver the President’s “one big, beautiful bill”, and National FFA and Microsoft expanding FarmBeats for students to all 50 states.

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On this episode of Outdoor Adventures, Brownfield’s Brent Barnett sits down with DeWayne McIntyre from Iowa. Brent met DeWayne in the fall of 2024 while bow hunting deer on some Iowa public land and discovered they both grew up in northwest Missouri. They talk about their new hunting friendship and DeWayne shares his success story from this year’s turkey season.

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

Closing numbers:

» July corn $4.49 and ¾ up $.02 and 1/4

» July soybeans $10.51 and ¾ up $.06 and 3/4

» July soybean meal $294.10 down $.60

» July soybean oil 48.57 up 12 points

» July Chicago wheat $5.21 and ¾ down $.07 and 1/2

» June live cattle $214.67 up $.42

» July lean hogs $97.57 up $.40

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 early gains in soybeans and corn, the mixed opens in soybeans and wheat, and the initial losses for cattle.

What to watch:

» Soybeans and corn are waiting for trade talks with China.

» Wheat is watching U.S. and world weather.

» Cattle are assessing the week's direct business.

» Hogs remain uncertain about 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.