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At the Chicago Mercantile Exchange, live and feeder cattle were supported by an oversold bounce, watching direct business develop. June live cattle closed $.42 higher at $243.50 and August live cattle closed $.97 higher at $240.15. May feeder cattle closed $.45 higher at $358.87 and August feeder cattle closed $.47 higher at $359.35. There was The post Cattle futures higher on an oversold bounce appeared first on Brownfield Ag News.
The executive director of public policy for Indiana Farm Bureau says the rapid development of data centers continues to spark land use debates. Katie Nelson says there are concerns about the impact on rural communities. “Counties know their people, their resources, their land, and their long-term needs,” she says. “Counties are balancing farmland preservation and they’re also The post Data center development causing land-use debates across the country appeared first on Brownfield Ag News.
An ag economist says urea costs are the highest they’ve been in four years. David Widmar with Agricultural Economic Insights says the longer the conflict in Iran goes, the higher prices could go. “Surging urea has created a price gap between urea and anhydrous ammonia,” he says. “Usually, anhydrous has a $16 per acre advantage. The spread The post Rising urea prices signal increased fertilizer market risk as Iran conflict continues appeared first on Brownfield Ag News.
Soybeans were lower on profit taking and technical selling. Planting weather mostly looks favorable in much of the Midwest, which should keep the overall pace well ahead of average. Beans are waiting for more details on a planned trade meeting with China next month. The meeting has been delayed at least once by the military The post Wheat surges on drought, input cost concerns appeared first on Brownfield Ag News.