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“I’m just a farmer in their way,” says Georgia producer Jeff Melin. “Force me to sell, take my land, and fly in the billionaires and big companies.”
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As fed cattle weights hit historic highs, a surplus of fat trim is creating an unprecedented need for lean blending beef, pushing cull cow values to new records.
Explore this week’s top picks, including a rare JCB Fastrac, and how high diesel prices are starting to soften machine sales.
Vince Boddicker with Farmers Trading Company, says grain markets rallied on Monday adding risk premium on the war headlines but also positioning ahead of the May WASDE and China summit.
Now present in seven states, the small pest is taking a toll on soybean crops and making Midwest growers look beyond traditional insecticides for yield protection.
Seasonal weather models are beginning to hint at improved moisture chances across the western Plains, offering drought-weary producers cautious optimism heading into late spring and summer.
A first-ever focused vote on E15 has eyes on The Hill. Growth Energy CEO Emily Skor says, “There’s mounting pressure to get something done and take action.”
Cattle futures posted lower weekly closes and Brad Kooima with Kooima Kooima Varilek says the action was a red flag to him since it came after record fed cash trade.
Three potentially market-moving events will test the resilience of the spring grain rally, offering a clearer direction for the new crop year’s market fundamentals.
Jerry Gulke, president of The Gulke Group, says the market is anticipating additional purchases of U.S. soybeans to be announced at the summit, in addition to other agricultural products.
Dan Basse with Ag Resource Company says grains chopped following crude oil most of the week but rallied on Friday adding in war premium. Plus, soybeans led gains on talk of China buying soybeans.
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