AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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Latest News
Markets end mostly lower with risk off fund selling, weather, fast planting, Brazil prices. Cattle consolidating waiting for cash direction, with hogs failing. Oliver Sloup, Blue Line Futures has details.
Funds continue to sell in grains with risk off from outside markets, fast planting, rain for HRW areas & Brazil competition. Cattle consolidate but cash is key. John Heinberg, Total Farm Marketing.
For a developed country as large as the US, we are almost unique in our lack of robust rail capabilities. John Phipps answers a viewer’s question about the possibility of updating the rail system to move grain faster.
Cattle continue to correct w/lower cash trade ideas, but how low will prices go? Hogs see short covering & spread unwinding w/cattle. Grains continue to see technical selling. Brad Kooima, Kooima Kooima Varilek.
Kentucky is the 27th state to put a wall up against the legislation. EPA countered Kentucky’s move, asking the court to make clear that the latest rule does not apply nationwide.
True armyworm (not to be confused with fall armyworm) is moving into Midwest wheat and corn crops now. Many are newcomers from the South, but homegrown populations are also concerning in Illinois, Indiana and Michigan.
AgDay TV Markets Now: Mike Zuzulo of Global Commodity Analytics says funds sell again in grains with bearish demand story, including China cancellations.
A historic drought has severely cut the size of this year’s crop in Argentina, especially soybeans. Processors will be forced to import soybeans just to stay in business.
USDA’s weekly Crop Progress Report shows 14% of the nation’s corn crop and 9% of the soybean crop is planted. Farmers in Missouri and Tennessee are planting at a rapid pace, but the upper Midwest is already behind.
The Texas State Fire Marshal’s Office released a report from its investigation of the large fire at South Fork Dairy located outside Dimmitt, ruling the fire as accidental with no reported evidence of foul play.