Dave Lehman- CME Group


Dennis Johnson- ISU Extension 8 20 14


Farm shows could give new direction to AFBF convention
The Dakotafest farm show at Mitchell drew tens of thousands of people in its three-day run.  The show featured about 560 exhibitors, which, according to Ray Bianchi, with the show’s producer, IDEAg, says those exhibitors attract a lot of people. “You get about 30,000 to 40,000 attendees,” Bianchi told Brownfield Ag News, on the grounds [...]
     
Dairy herd continues to grow
More proof that dairy farmers are hanging-on to their cows to take advantage of high milk prices and low feed costs.  The National Ag Statistics Service reports dairy cow slaughter in July totaled 232,000 head, 19,000 less than went to slaughter in July of 2013.  January-through-June dairy cow slaughter is 1.6 million head, 195,000 less [...]
     
Good quarter for White Wave
Things are going very well at White Wave.  The organic and plant-based beverage and food company reports second-quarter adjusted earnings per share increased 36 percent compared to the same quarter last year.  Excluding a joint venture in China, EPS increased 42 percent. Net sales were up 36 percent at $838 million and adjusted net income [...]
     
Haler named Princess Kay of the Milky Way
As a kick-off to the Minnesota State Fair, 19-year-old Jeni Haler was named the 61st Princess Kay of the Milky Way on Wednesday.  The Norwood Young America native is a student at the University of Minnesota-Twin Cities where she double majors in animal science and Spanish/Portuguese studies. Haler will serve as the official goodwill ambassador [...]
     
Wheat, corn see commercial demand
Soybeans were mixed, with September and November up on commercial demand and the other months down. The trade’s watching the weather and while the trade is expecting a record crop, there are weather concerns in some areas. Export sales look neutral, with a net cancellation on old crop and a strong week for new crop. [...]
     
Nestle tightens pledge on animal welfare
The Nestle food and beverage company has announced an animal welfare agreement with World Animal Protection, a non-governmental organization. The Swiss company says it will require its more than 7-thousand suppliers of animal products, from milk to meat to eggs, to adhere to stricter animal welfare practices.  The company says an independent auditor will conduct on-farm [...]
     
Closing Grain and Livestock Futures: August 21, 2014
Sep. corn closed at $3.61 and 1/4, up 2 and 3/4 cents Sep. soybeans closed at $11.36 and 1/4, up 16 and 1/2 cents Sep. soybean meal closed at $413.80, up $11.20 Sep. soybean oil closed at 32.78, down 8 points Sep. wheat closed at $5.46 and 1/4, up 6 and 3/4 cents Aug. live cattle closed at $149.65, up 40 cents Oct. lean hogs closed at $93.62, up $1.12 Oct. [...]
     
Lean hogs staged a turnaround and settled higher
Cattle country was generally quiet on Thursday afternoon. Some packers still act like they need to buy more cattle. A few cattle sold in Kansas, Nebraska and Iowa at 153.00 on the live basis. Nebraska also saw some dressed trade from 241.00 to 243.00. Trade volume totals remain fairly light. It is possible some will [...]
     
U.S. red meat production down 6%
Commercial red meat production during July 2014 was 3.907 billion pounds, down 6% from July 2013, according to USDA. Beef production was reported at 2.086 billion pounds, 9% lower than a year ago, with the slaughter declining 10% to 2.6 million head and the average live weight gaining 18 pounds to 1,320 pounds. Veal was [...]
     
New crop corn, soybean sales solid
USDA reports wheat export sales for the week ending August 14 were lower than expected, while corn, soybeans, and soybean products were all within analysts' estimates. Physical shipments of wheat were above what's needed weekly to meet USDA projections for the 2014/15 marketing year, but corn and soybeans fell short of their respective marks for [...]
     

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