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At the Chicago Mercantile Exchange, live and feeder cattle were higher waiting on direct business to develop. Feeders had additional support from the lower move in corn. October live cattle closed $1.17 higher at $227.90 and September feeder cattle closed $3.60 higher at $346.15. Direct cash cattle trade activity was relatively quiet again Tuesday. The The post Cattle futures higher ahead of direct trade appeared first on Brownfield Ag News.
A U.S. Senator from Missouri has concerns the USDA’s Farm Service Agency could reduce services at some county offices in Missouri in October. In a letter to Ag Secretary Brooke Rollins, Josh Hawley says he’s worried the pending reduction of services at the Ralls County FSA Office comes at a time when farmers are receiving The post Hawley raises concerns over possible Missouri FSA office changes appeared first on Brownfield Ag News.
The latest Purdue University/CME Group Ag Economy Barometer shows farmer sentiment has rebounded for the first time in three months. Ag economist Michael Langemeier, director of Purdue’s Center for Commercial Agriculture, says producers are more optimistic about the current economic outlook. “There was an increase in corn prices of about 25 cents,” he says. “There was The post Farmer sentiment rebounds in the latest Ag Economy Barometer survey appeared first on Brownfield Ag News.
Soybeans were lower on fund and technical selling. Near-term development weather looks favorable, including rain in some key growing areas, and crude oil was down sharply. The USDA’s national good to excellent rating did hold over the past week but is below a year ago. China bought 132,000 tons of new crop U.S. beans ahead The post Soybeans, corn see more pressure from weather, crude oil appeared first on Brownfield Ag News.