Dairy MPP sign-up deadline November 28

A reminder for dairy producers the deadline to sign-up for the Margin Protection Program is November 28th.  There are several on-line worksheets available to help producers determine what level of coverage would be best for their operation should they decide to participate.  The National Milk Producers Federation has a worksheet available on their website as... Read more »

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Wisconsin farm bill meetings

University of Wisconsin-Extension and the Wisconsin Farm Service Agency are conduction informational meetings around the state to help farmers learn about the new farm bill programs.  Producers can learn about the Margin Protection Program (MPP) for dairy farmers and the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs which replace the old ACRE... Read more »

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Bountiful Illinois harvest creates piles of corn

Millions of bushels of Illinois corn are already in temporary or emergency storage and there’s a lot of harvest to be done.  Illinois Corn Growers Executive Director Rod Weinzierl (WINE-zurl) says these are the piles of corn that dot the landscape in the fall. “We have such an abundance that we have a very high... Read more »

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Food trends for 2015

  Sterling Rice Group, a Colorado-based consulting company for the food industry has released their Top 10 Trends “that will inspire the food industry in 2015”.  SRG says the list depicts a deeper exploration of global cuisines but also reinforces local connections and promotes sustainability. Number-one on the list is Regional Grains; local farmers growing... Read more »

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Good times for eggs

The egg has bounced-back.  The American Egg Board says per capita egg consumption has increased from 247.9 in 2011 to 251.3 in 2013.  Estimates are that will increase to 255 this year.  Egg consumption peaked in 2006 at just over 258 then slumped after that. Egg Nutrition Center executive director Mitch Kanter says eggs are... Read more »

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Dairy markets continue to slide

A “down” day to finish a “down” week on the Chicago Mercantile dairy markets on Friday.  Cash cheese barrels lost another 6.75 cents, blocks slipped 1.75 cents and butter dropped 9 cents. For the week: cash cheese barrels have lost 14.75 cents, blocks dropped 14.75 cents, butter fell 19 cents and nonfat dry milk lost... Read more »

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Soybeans, corn down, expecting good harvest progress

Soybeans were lower on fund and technical selling. The trade’s expecting good harvest progress thanks to warm, dry weather across most of the region. A record crop is pretty much locked in, but beans are also looking at very strong, if not record, demand. Soybean meal and oil were lower, following the lead of beans.... Read more »

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Beef and pork values close lower

Cattle country was relatively quiet on Friday afternoon following a light trade in the North in the morning, with dressed deals marked steady to $1.00 higher than Thursday from 265.00 to 266.00, live sales at 170.00. Business was essentially done for the week. Southern deals came in at mostly 170.00, 5.00 to 6.00 higher than... Read more »

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Closing Grain and Livestock Futures: October 24, 2014

  Dec. corn closed at $3.53, down 6 and 3/4 cents Nov. soybeans closed at $9.77 and 1/2, down 15 and 3/4 cents Dec. soybean meal closed at $350.20, down $2.20 Dec. soybean oil closed at 32.39, down 28 points Dec. wheat closed at $5.17 and 3/4, down 9 cents Oct. live cattle closed at $168.25, down 80 cents Dec. lean hogs closed at $90.25, up $1.52 Nov. crude... Read more »

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Cattle placements up 1%

  USDA’s cattle on feed numbers came out close to pre-report expectations and, as expected, showed an increase in placements. During September, placements of cattle in to the feedlots were 2.071 million head, up 1% on the year, thanks to the record cash prices and lower feed costs. Most of the placements were on heavier... Read more »

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