NAFB Trade Talk 2014- Gordon Vail


NAFB Trade Talk 2014- Kacy Perry


NAFB Trade Talk 2014- Doug Stark


NAFB Trade Talk 2014- Ray Gaesser


Cheese continues to decline

Cash cheese barrels slipped another 1.5 cents on the Chicago Mercantile Exchange on Tuesday. Blocks held steady but butter lost 3 cents and nonfat dry milk declined 2.25 cents per pound.  Class III futures for January lost 14 cents, February fell 25 cents. The continued decline in cash cheese prices has buyers being cautious: no... Read more »

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The significant drop in Chinese dairy imports

A report from HighGround Dairy points out how much China has pulled-back on dairy imports. Citing Chinese Customs data from October: whole milk powder imports were down nearly 85 million pounds or 72 percent, skim milk powder imports are 13 million pounds or 27.5 percent lower, whey products imports are down 14 percent from a... Read more »

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Tax planning and accounting seminars offered

With lower farm grain and milk prices comes a greater need for tax planning. Paul Dietmann with Badgerland Financial says in a year like this, people have been investing in machinery and structures, perhaps they delayed some grain sales and with lower prices, they may find themselves with a large tax liability without the cash... Read more »

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Commercial demand back for soybeans

Soybeans were higher on fund and commercial buying. The trade’s continuing to look at a record crop balanced out by expected record demand. There was no real fresh news, but the trade decided to buy back the losses from Monday and then some. Soybean meal was higher on commercial demand, while bean oil was firm,... Read more »

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Poultry production up 2% on year

USDA reports U.S. poultry production for October 2014 was 4.145 billion pounds, up 2% from October 2013. Chicken accounted for most of the total at 3.571 billion pounds with turkey at 561.5915 million. The preliminary live weight of all federally inspected birds was 5.470 billion pounds, also 2% more than a year ago. Young chickens... Read more »

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FDA finalizes calorie label rule

Every restaurant chain, grocery store take-out counter, convenience store, amusement park and movie theater would have to post calories for most or all of their menu items under a final rule by the Food and Drug Administration. So would most vending machines. The FDA says Americans consume about one-third of their calories away from home... Read more »

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ASA proposes all countries dropping sugar subsidies

The American Sugar Alliance (ASA) wants the world to function as a subsidy-free sugar market, according to ASA spokesman Phillip Hayes, who tells Brownfield Ag News that subsidies paid to producers in the world’s big three sugar countries, Brazil, Thailand and India, are being expanded to keep market share from each other.  The result, he... Read more »

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Pork was lower and beef was higher

The cash cattle trade remained untested on Tuesday afternoon with both bids and asking prices poorly defined. Some showlists are priced around 175.00 in the South and 272.00 to 274.00 in the North. Packers and feedlot operators will try to complete business by Wednesday afternoon, ahead of the Thanksgiving break. The slaughter totaled 113,000 head,... Read more »

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State beef group works on '85 checkoff

The Federation of State Beef Councils says it’s working to develop a more workable beef checkoff. Jennifer Houston, vice chair of the Federation, tells Brownfield a second beef checkoff proposed by Ag Secretary Tom Vilsack is not a good option – and – that’s why they’re working toward improving the 1985 Act that established the... Read more »

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Closing Grain and Livestock Futures: November 25, 2014

Dec. corn closed at $3.74 and 1/4, up 6 and 3/4 cents Jan. soybeans closed at $10.51, up 17 and 1/4 cents Dec. soybean meal closed at $390.60, up $15.70 Dec. soybean oil closed at 33.42, up 22 points Dec. wheat closed at $5.51 and 1/2, up 9 and 1/4 cents Dec. live cattle closed at $170.15, up 65 cents Dec. lean hogs closed at $90.95, down 37 cents Jan. crude... Read more »

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