In this week’s Soil Health Hotline, a partnership with Sound Agriculture and Brownfield Ag News, Sound Agriculture Senior Agronomist Jessica Pupo explains the impact of micronutrients to the soil. 

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Clean Fuels Alliance America Consultant Alan Weber tells Brownfield that there are several different crops that can be used as clean fuels. He says there will be more discussion during the 2024 Clean Fuels Conference about these crops and future forecasts.

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Brownfield Anchor/Reporter Brent Barnett and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines.

This week in the markets – Live fed cattle prices are $2.00 higher on the week, which puts them more than $11 above the same period last year, and feeder cattle prices were not tested as many markets were closed due to the holiday period. February live cattle were unchanged on the week, and January feeder cattle were down $0.80 on the week. Choice box beef was up $1.00 this week. Cash hogs are down $0.90 this week. February lean hog futures were down $3.10 on the week. Pork cutout values were up $0.80 this week, which puts them $5.50 below year-ago levels.

Weekly Slaughter – At the end of the week, cattle slaughter was 508,000 head, down 113,000 on the week and down 27,000 for the year. Hog slaughter was 2.233 million head, down 187,000 from the previous week and up 49,000 on the year. Year-to-date cattle slaughter is down 4.2%, while hog slaughter is up 2.1%.

Restaurant Performance Index – The November 2023 restaurant performance index increased to 100.1, an increase of 0.4% relative to the previous month. A 4.6% increase in same-store sales propelled the current situation index to higher by 0.6% relative to October.

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

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Illinois farmer Chris Gould says he adopted AutoTrac about 20 years ago and has come to rely on it and other John Deere technology like TruSet.

He tells Brownfield the automated depth control helps simplify adjustments on the fly, saving time and money

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Having a strong pre-emergence residual program is crucial to controlling problematic weeds.

In this Managing for Profit, Asgrow Technical Agronomist Holly Thrasher shares some tips to help farmers prepare for the upcoming growing season.

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This week Will and Ben break down how the effectiveness of interest rate hikes on U.S. inflation and the power of the dollar.

Market changes over the week (as of Friday's close):

- March 2024 corn down $0.04 at $4.73

- January 2024 soybeans down $.28 at $12.99

- March 2024 wheat up $.07 at $6.16

- January WTI Crude Oil up around $1.70 around $73.49/barrel

Weekly highlights:

- Merry Christmas!

- Markets continue holiday-time lull

- Wetter than expected South American weather continues to pull on crop markets.

Topics:

- Market recap

- Market continues holiday lull

- Inflation rate down sharply year over year

- 2024 interest rate expectations

- U.S. dollar index impacting U.S. export attractiveness

- Reports to watch

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

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 In this Pods for Profit, we’ll hear more about what areas globally could offer the soybean prices support in the New Year. 

Mid-Michigan ADM Account Manager Keri Walling tells Brownfield the market has been encouraging growers to sell soybeans through harvest.

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In this week’s Soil Health Hotline, a partnership with Sound Agriculture and Brownfield Ag News, Sound Agriculture Sales Agronomist Erin Doran talks about how to boost crop productivity for the next season.

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The Clean Fuels Conference in Fort Worth, TX will take place from February 5-8, 2024. In this Managing for Profit, Clean Fuels Alliance America Director of Operations and Membership Brad Shimmens talks about what to expect during the conference.

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