Market News
U.S. made more cheese and butter, less frozen dairy and powder in 2023
Brownfield Ag News3 minutes ago
Cheese, butter, and whey production went up in 2023 as frozen dairy and milk powder production went down. USDA’s annual Dairy Products Summary shows total cheese production rose nine-tenths of a percent over 2022 to 14.2 billion pounds. Production of Italian cheese varieties fells eight-tenths of a percent to 5.85...
Buy the Dip: This Top-Rated Cathie Wood Stock Has 39% Upside Potential
Barchart14 minutes ago
Discover why Wall Street analysts are largely bullish on DraftKings, with expectations of significant upside, in our latest deep dive on the stock's performance and future prospects.
Watch borrowing as inflation sticks around
Brownfield Ag News35 minutes ago
Farmers are encouraged to watch their borrowing as the likelihood of interest rate reductions in 2024 becomes less likely. CoBank grains and oilseeds economist Tanner Ehmke says the Federal Reserve planned multiple rate cuts for this year, but inflation isn’t letting up. “The Federal Reserve had to walk it back...
NE Iowa farmer done planting soybeans in record time
Brownfield Ag News35 minutes ago
A northeast Iowa farmer finished soybean planting in record time. Tyler Carlson of St. Olaf says conditions have been excellent this spring. “We did finish up soybeans (Thursday) night, which is an all-time record for us. I don’t know if that’s good or bad, but we got them in the...
Dollar Gains on Persistent US Price Pressures and Yen Weakness
Barchart49 minutes ago
The dollar index (DXY00 ) on Friday rose by +0.37%. The dollar on Friday recovered from a 2-week low and rose moderately. The dollar strengthened Friday as stronger-than-expected US economic reports on Mar personal spending and Mar core PCE deflator were hawkish for Fed policy and may further delay rate...
APHIS issues final traceability rule
Brownfield Ag News51 minutes ago
The USDA’s Animal and Plant Health Inspection has issued its final traceability rule to require electronic ID tags for certain cattle and bison moving interstate. Ethan Lane with the National Cattlemen’s Beef Association tells Brownfield this is an update to the 2013 rule. “The class of cattle stayed the same,...
Crude Prices Finish Higher on Middle East Tensions
Barchart1 hour ago
June WTI crude oil (CLM24 ) on Friday closed up +0.28 (+0.34%), and May RBOB gasoline (RBK24 ) closed up +1.07 (+0.39%). Crude and gasoline prices posted moderate gains on Friday. Middle East tensions are underpinning crude prices on concerns about an escalation of the Israel-Hamas war. Israel has launched...
Nat-Gas Prices Weighed Down by Ample US Supplies and Mild Temperatures
Barchart1 hour ago
May Nymex natural gas (NGK24 ) on Friday closed down by -0.024 (-1.47%). May nat gas prices Friday tumbled to a 3-3/4 year nearest-futures low and closed moderately lower. Ample US nat-gas supplies and mild spring temperatures are weighing on gas prices. As of April 19, nat-gas inventories were +37.0%...
IL cattle producer optimistic in ‘24
Brownfield Ag News1 hour ago
A northwest Illinois cattle producer says she’s optimistic about 2024. “Prices have been great in the beef cattle industry lately, and I don’t really want to jinx that!” She says, “Things have been going good.” Ellen Rahn, who operates a cow/calf and feedlot operation in Carroll County, tells Brownfield two...
Gov. Parson extends drought alert
Brownfield Ag News1 hour ago
Missouri Governor Mike Parson has extended the state’s drought alert through September 1st. The executive order directs continued coordination of resources and response efforts in counties experiencing moderate or greater drought conditions. It will also extend to any other county that begins experiencing drought conditions consistent with the state drought...
Sugar Prices Pressured by Increased Sugar Output in Brazil
Barchart1 hour ago
May NY world sugar #11 (SBK24 ) on Friday closed down -0.08 (-0.51%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +0.10 (+0.02%). Sugar prices on Friday settled mixed. Sugar futures came under pressure Friday after Unica reported that 2024/25 Brazil sugar production in the first half...
Colombia restricts U.S. beef imports amid HPAI concerns, groups say move isn’t science-based
Brownfield Ag News1 hour ago
Colombia has become the first country to ban imports of U.S. beef and beef products from states where dairy cattle have tested positive for avian influenza. Ethan Lane with the National Cattlemen’s Beef Association says the move isn’t science-based. “It’s disappointing to see a country like Colombia, which has been...
Dollar Strength Sparks Long Liquidation in Cocoa Futures
Barchart1 hour ago
July ICE NY cocoa (CCN24 ) on Friday closed down -210 (-1.94%), and May ICE London cocoa #7 (CAK24 ) closed down -173 (-1.80%). Cocoa prices settled moderately lower on Friday as a stronger dollar (DXY00 ) fueled long liquidation pressures in cocoa futures. Cocoa also has a negative carryover...
Coffee Prices Close Lower as ICE Coffee Inventories Recover
Barchart1 hour ago
July arabica coffee (KCN24 ) on Friday closed down -4.10 (-1.80%), and July ICE robusta coffee (RMN24 ) closed down -153 (-3.55%). Coffee prices on Friday posted moderate losses. A rebound in ICE-monitored coffee supplies sparked long liquidation in coffee futures Friday. ICE-monitored robusta coffee inventories on Thursday rose to...