12 Apr 2024
DTN Closing Livestock Comment 04/12 15:44 External Pressures Sent the Livestock Complex Tumbling Lower It was a taxing day for the livestock complex as external pressure sent the contracts falling lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex struggled throughout all of Friday's trade which led to all three mar...
12 Apr 2024
OVERLAND PARK, Kan. (DTN) -- At an agricultural markets meeting that focused on data and futures markets, USDA's chief economist defended the agency's decision to cancel three market reports this year, including the July cattle inventory report, while noting that dropping the midyear cattle report "comes at an unfortunate time." The National Agricu...
12 Apr 2024
LINCOLN, Neb. (DTN) -- Three more dairy herds in three additional Michigan counties have tested positive for highly pathogenic avian influenza, according to state officials, in tests confirmed by the USDA's National Veterinary Services Laboratory. Earlier this week, HPAI was confirmed in dairy herds in North Carolina and South Dakota, bringing the ...
12 Apr 2024
MT. JULIET, Tenn. (DTN) -- Erik Oberbroeckling needed to find a way to support his income when he returned to the 1,200-acre family farm in 2004. The farm needed another semitruck to speed up harvest and haul grain, and when it wasn't being used during the farm's slow seasons, Oberbroeckling put it to work hauling boxed beef from a local Iowa packi...
12 Apr 2024
FARM MARKET NEWS - CORN REPORT FOR Fri, April 12 Exchange rate was 1.3768 up 0.0104 Chicago corn closed moderately higher. MAY24 HI 4.37 1/2 DEC24 HI 4.73 1/4 LOW 4.27 LOW 4.64 1/4 CLOSE4.35 1/2 Up 6 3/4 CLOSE 4.72 Up 6 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +JUL24+JUL24+SEP24 CK Low 0...
12 Apr 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 12 Exchange rate was 1.3768 up 0.0104 Chicago soybeans closed slightly higher. MAY24 HI 11.79 3/4 NOV24 HI 11.81 LOW 11.54 LOW 11.59 CLOSE11.74 Up 14 3/4 CLOSE 11.76 1/4 Up 12 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY24+JUL24+JUL24 CK Lo...
12 Apr 2024
DTN Closing Grain Comments 04/12 13:58 Crop Prices Shake Off Bearish Report, End Higher Friday December corn closed up 6 cents and November soybeans ended up 12 cents Friday, erasing Thursday's losses that followed a bearish USDA report. May contracts of all three wheats were modestly higher with help from a higher close in Europe and ongoing conce...
12 Apr 2024
DTN Midday Livestock Comments 04/12 11:43 Concerns about Consumer Demand Sends the Livestock Complex Lower A few more cattle have sold in the north, but largely it's looking like the week's cash cattle trade is done with. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The entire livestock complex is trading lower as the market is concerned ...
12 Apr 2024
DTN Midday Grain Comments 04/12 10:53 Corn, Beans Higher and Wheat Mixed at Midday Friday Corn trade is 3-4 cents higher; beans are 6-7 cents higher and wheat trade is narrowly mixed. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: The U.S. stock market is mixed at midday Friday with the S&P 50 points lower. The dollar index is up 75 points...
12 Apr 2024
WASHINGTON, April 12, 2024 – The U.S. Department of Agriculture’s Forest Service today announced it is issuing more than $232 million to support public schools, roads and other municipal services through the agency’s Secure Rural Schools program. As the Biden-Harris administration invests in ways for forests to generate more economic opportunity in...