Dave Lehman- CME Group


Butter hits $3.0375
Another record-high price for butter on Thursday as the Chicago Mercantile Exchange price increased 2.75 cents to close at $3.3075 per pound. Milk production in the Central United States is taping-off seasonally but still above year-ago levels.  Dairy Market News says milk supplies are “balanced” although spot loads are still bringing 75-cents to $2.50 over... Read more »
     
Enjoy a safe and abundant harvest
The doctor who took the stiches out told me it might take a year to get all of the feeling back in my finger.  It could have been much worse.  There were no broken bones.  The cut was deep, thus the nerve damage, but I was able to stop the bleeding in short order and... Read more »
     
President wants a plan to deal with antibiotic resistance
President Obama signed an executive order Thursday to have the federal government develop a plan to deal with antibiotic resistant bacteria.  It establishes an interagency Task Force and a Presidential Advisory Council charged with monitoring resistant infections, improving regulation of antibiotic use and developing new methods to combat antibiotic resistance. The Task Force is to... Read more »
     
Beef imports increasing
The latest Livestock Dairy and Poultry Outlook from USDA says U.S. cattle imports are up 9 percent through July and will probably exceed 2 million head this year.  That would amount to more than 2.6 billion pounds of imported beef, up 19 percent from 2013.  The report notes the pace of imports has picked-up in... Read more »
     
CBB sets FY 15 budget
The Cattlemen’s Beef Board has set it spending plan for Fiscal Year 2015.  The Beef Promotion Operating Committee meeting in Denver this week allocated a total of $41.3 million from the checkoff with: $27.8 million going to the National Cattlemen’s Beef Association $7.7 million to the U.S. Meat Export Federation $1.5 million to the Cattlemen’s... Read more »
     
Koch Agronomic Services introduces two new products
During the 2014 Farm Progress show last month, Koch Agronomic Services, LLC announced the addition of two new innovative nitrogen stabilizers to the AGROTAIN® product family – AGROTAIN® ADVANCED and AGROTAIN® DRI-MAXX.  Koch continues to provide innovative options and solutions for farmers everywhere. Wayne Jelinek, vice president of marketing for Koch Agronomic Services, admits that... Read more »
     
Supply weighs on grains, oilseeds
Soybeans were lower on fund and technical selling. It was a solid week for export sales and there was another purchase by China, 110,000 tons of new crop, but those were outweighed by the expected record crop. Crop condition ratings are at the highest level in 20 years. Soybean meal and oil followed beans lower.... Read more »
     
Elanco and Dow AgroSciences enter R&D agreement
With the growing global population and increased demand for food, two Indiana agricultural companies are working together to help livestock producers increase meat and milk production. Elanco and Dow AgroSciences have announced a strategic research and development agreement that will leverage the strengths of Elanco’s animal health business with proprietary germplasm and feed technologies of... Read more »
     
Barrows and gilts weigh more than last year
The feedlot cattle trade remained untested on Thursday afternoon. Except for a few scattered bids of 155.00 in the South and 244.00 to 245 in the North, buying interest remains very cautious. Nominal asking prices are around 164.00 in the South, and 253.00 plus in the North. The kill is estimated at 114,000 head, 2,000... Read more »
     
Bayer CropScience continues to make big investments in biologics
Jonathan Margolis, vice president of Biologic Research at Bayer CropScience says today’s biologics are a much more diverse product than what they used to be. “These are not the old biological products of 10 or 20 years ago,” Margolis says. “What we’re seeing today is very high scientific standards and production of products that meet... Read more »
     

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