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Brownfield Commodity Market Reporter John Perkins has your look at the higher close in hogs and the losses in cattle, soybeans, corn, and wheat.
Closing numbers:
» May corn $4.81 and ¾ down ½ cent
» May soybeans $10.29 and ½ down $.07
» May soybean meal $292.90 down $2.70
» May soybean oil 47.82 down 5 points
» May Chicago wheat $5.38 and ½ down $.10 and 1/4
» June live cattle $203.75 down $.32
» May lean hogs $91.02 up $.62
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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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On this episode of Weekly Livestock Market Update, Brownfield's Meghan Grebner talks with University of Kentucky ag economist Kenny Burdine about March placements being up 5% in the latest Cattle on Feed report.
Market highlights:
The 5-market average fed steer price was up by just under $4 this week at $211.62. April live cattle futures gained over $7 from last week, settling Thursday at $209.83. Choice boxed beef price was actually down more than $5 on the week, coming in at $331.52. May feeder cattle futures were up more than $8 per cwt on the week, closing at $286.85 yesterday.
The national base hog carcass price was down by a little more than $1 at $84.13 for the week. Pork cutout values were up about 6% for the week at $97.97. May lean hog futures were up 4% this week, closing at $90.40 yesterday.
Weekly Slaughter:
Cattle slaughter was 2% higher this week, estimated at 576,000 head for the week, but still over 5% below last year, year-to-date. Hog slaughter was down 4% from last week at 2.38 million head and that’s down about 3% year-to-date.
April Cattle on Feed:
On feed inventory came in about 1.6% below year-ago, which was close to pre-report expectations. March marketings were 1% higher than March of 2024. March placements were up 5% from 2024, which was on the upper end of pre-report estimates. Steers on feed were essentially unchanged from last year, while USDA-NASS estimated a 4% decrease in the number of heifers on feed. Heifers as a percentage of on-feed inventory came in a 37.6%. This is about a percent lower than both January 1 of this year and April 1 of 2024.
Next week’s reports:
» Livestock Slaughter
» Cold Storage
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.
The American Farmland Trust hosted a presentation, in support of Wisconsin's Purchase Agricultural Conservation Easement Program. Larry Lee provided coverage from the event, held at the Wisconsin State Capitol in Madison, Wisconsin.
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 higher starts for wheat, cattle, and hogs, and the mixed opens in corn and soybeans.
What to watch:
» Soybeans and corn are watching planting delays.
» Wheat's monitoring the dollar.
» Cattle are getting ready for direct business.
» Hogs are seeing early support from Friday's pork close.
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.
Spring fieldwork is in full swing, and many farmers are planting Enlist E3 soybeans, Enlist corn, and Enlist cotton. Corteva Agriscience Market Development Specialist Grant Harms says there are several steps growers should take before applying Enlist herbicides. He tells Brownfield the first step is getting familiar with the label.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this spotlight on soybeans, discuss the importance of Missourians promoting the state positively to attract pro-agriculture processing companies. Subash Alias, CEO of Missouri Partnership, emphasizes that success is more likely when people are supportive of Missouri. The Yield Partnership, which includes Missouri Soybeans, Missouri Corn, and Missouri Farmers Care, is working to attract such companies. They stress peer influence's significance and encourage learning more.
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On this Good Friday edition of Agriculture Today, we’ll hear some interviews conducted by members of the Brownfield team over the last week. The reports feature commentary from Illinois farmer Derek Martin, U.S. Senator Tammy Baldwin of Wisconsin, and Iowa State University agronomist Meaghan Anderson.
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Brownfield's Brent Barnett visited with 2025-2026 Iowa FFA President Chloe Zittergruen following the 97th Iowa FFA Leadership Conference.
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Brownfield's Jared White visited with Illinois Beef Association executive vice president Josh St. Peters at an Ag Advisory Council Meeting hosted by U.S. Representative Nikki Budzinski in Springfield, Illinois.
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On this episode of Outdoor Adventures, Brownfield’s Brent Barnett sits down with Deb Hudman from the Missouri Department of Conservation to discuss tick prevention. Many people are out enjoying the outdoors as temperatures warm up this spring, and Hudman says it’s also important to keep an eye out for ticks while taking part in your favorite outdoor activities. This week’s episode is a content partnership with the Missouri Department of Health and Senior Services.
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