Brownfield Ag News covers news, markets, weather and features relevant to those who live and work on farms and in rural communities in the United States, and to all with an interest in U.S. food and ag.
Brownfield’s Nicole Heslip will be in Adrian for an agriculture roundtable hosted by Michigan Governor Whitmer on July 18, 2019. MDARD Director Gary McDowell, Senator Dale Zorn and Representative Bronna Kahle will also be there to discuss the governor’s FY2020 budget recommendation and the difficult farming conditions caused by one of the wettest years on record.
The USDA says Canada and Mexico bought U.S. ag goods during the week ending July 11th, even as all three nations wait for the enaction of the USMCA trade pact. Mexico was the leading buyer of pork and wheat and the third biggest buyer of beef, while Canada also purchased up U.S. beef, pork, and corn. Mexico did pick up U.S. corn as well. China bought U.S. sorghum, but no soybeans or pork and canceled on previously purchased American Pima cotton.
At the Chicago
Mercantile Exchange, live cattle futures ended the day lower on pressure from
wholesale values, the steady to weak cash trade, and position squaring ahead of
Friday’s report. Feeder cattle futures
were lower on the same factors with additional pressure from the days steady to
firm move in corn. August live cattle closed
$.10 lower at $108.12 and October live cattle closed $.50 lower at $108.75. August feeder cattle closed $.47 lower at
$140.57 and September feeder cattle closed $1.10 lower at $140.77.
A light to moderate trade has developed across cattle country.
A regional administrator of the U.S. EPA says the insecticide for which the agency expanded registered uses is safer for pollinators than other compounds. Sulfoxaflor is less persistent in the environment and doesn’t last in pollen or in plant nectar, according to Jim Gulliford at EPA’s Region 7 headquarters in Kansas City.
“So it has much less impact on pollinators,” Gulliford told Brownfield Ag News, “and it’s a safer pesticide for all of the approved uses compared to neonics [neonicotinoids].”
The EPA registration now includes, among other crops, alfalfa, corn and soybeans.
A marketing consultant points to the resurgence of eggs as a reason to believe demand for dairy products has not peaked.
Story Arc Consulting president Steve Lerch says consumer preferences are constantly changing.
“I always look at eggs as an interesting case study. For decades, eggs struggled and had to fight this fight about cholesterol. They had to keep telling people they weren’t too high in the bad cholesterol, and this and that.
Beef specialist Eric Bailey at the University of Missouri says cattle
producers should take measures to help animals survive hot days.
“Those could include shade, those could access to water, additional water,” Bailey
told Brownfield Ag News Wednesday. “Those could include as simple as hosing the
cattle down especially if they’re in a confinement type situation.”
Obvious as it seems, Bailey says it pays to be sure livestock have adequate space
to approach and drink from an open tank.
Soybeans were modestly lower on fund and technical selling. It was an up and down day, largely because of uncertainties about China. The rumored purchases of U.S. ag goods by Beijing haven’t surfaced, at least not yet, and a couple hundred million bushels of U.S. beans previously purchased by China remain unshipped, with only about a month and a half left in the 2018/19 marketing year. Recent rhetoric from Washington D.C. and Beijing indicates a deal probably isn’t all that close and both side’s tariffs remain in place.
Milk futures on the Chicago Mercantile Exchange closed mostly higher Wednesday as strength from global markets continues while cash trade was mixed.
July Class III milk futures unchanged
at $17.31. August up 17 cents at $17.67.
September up 17 cents at $17.89.
October 14 cents higher at $17.87.
November through February contracts 15 to 22 cents higher.
Dry whey up $0.0025 at $0.3250. One trade was made at that price.