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Looking ahead, the 6- to 10-day outlook calls for likelihood of near- or above-normal temperatures across the eastern-third of the U.S., while colder-than-normal conditions will prevail from the Pacific Coast to the Corn Belt. Meanwhile, below-normal precipitation across Florida’s peninsula, New England, and parts of the Pacific Northwest should contrast with wetter (snowier)-than-normal weather across the remainder of the country.
Last Tuesday’s USDA supply and demand report sent corn futures limit up while soybeans screeched more than 40 cents higher.
Total Farm Marketing’s Naomi Blohm tells Brownfield it was almost like a snowball effect as corn, beans and wheat all saw friendly data that pushed the entire complex to price levels not seen in quite some time.
During the weekend, more tranquil weather will arrive across the country, aside from lingering precipitation (and windy weather) in the Northeast and scattered rain and snow showers from the Pacific Northwest to the northern High Plains.
Early next week, snow may develop in the Rockies and neighboring areas.
However, dry weather will prevail during the next 5 days in California, the Great Basin, the Desert Southwest, the central and southern High Plains, and an area stretching from the western Gulf Coast region into the lower Mississippi Valley.
The National FFA Organization’s CEO has resigned. FFA announced Friday that Mark Poeschl has left the organization effective immediately.
Poeschl began his tenure with National FFA in August of 2016. In a statement, Poeschl says he’s proud of what has been accomplished together but says it’s time for the next CEO of FFA to step in and make their mark. No reason for Poeschl’s departure was given.
Poeschl has been at the helm during some unique challenges, including the change to a virtual national convention and the removal of a national officer over inappropriate social media posts.
Nebraska Farm Bureau is making cattle market transparency and price discovery a top priority in 2021.
First Vice President of Nebraska Farm Bureau Sherry Vinton said the bureau’s goal is to increase the number of cash cattle trade to provide greater price transparency. She tells Brownfield the first step is to find how many cash sales will be needed.
“What we’re going to do is conduct a thorough review and make sure that if there is any government mandate, that is has a period of time for a specific review,” She said.
A diminishing supply both domestically and abroad could spark farmers in the Delta to plant soybeans early and often this spring.
Market analyst Al Kluis says the southern U.S. might have to import 30 to 50 million bushels of soybeans from Brazil this summer.
“That’s the only way you’re going to keep the soybean meal going to the hog farms in the southeastern part of the U.S., but oh is that expensive.
A farmer who lost a friend to suicide is now an advocate for farmer mental health. Meredith Bernard grows crops and raises cattle with her husband in North Carolina. She was a panelist on an American Farm Bureau convention session on mental health challenges who says training has helped her reach out to other farmers who are struggling.
“I’m not a doctor, I’m not a counselor, I’m not a professional at this but we don’t have to be.
The chief economist of American Farm Bureau says delegates adopted important dairy policies at the recent 2021 virtual convention. John Newton tells Brownfield Ag News, “We adopted new policy, really, to deal with some of the challenges we’ve seen this past year in terms of volatility in milk prices, dealing with the negative PPDs and depooling of milk.”
Newton says delegates also reaffirmed support for farmers to be able to cast an individual and confidential ballot during federal order hearings…
“I think we addressed all the pressing issues in the dairy industry.”
Milk price volatility was made worse by the COVID-19 pandemic, resulting in financial damages to dairy farmers of more than $2-and-a-half billion dollars.
At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher on oversold signals with support by the recent gains in boxed beef prices. February live cattle closed $.70 higher at $112.77 and April live cattle closed $.97 higher at $118.20. January feeder cattle closed $1.97 higher at $134.57 and March feeder cattle closed $2.45 higher at $135.82.
A slow end to the week for direct cash cattle trade, as the bulk of the week’s business took place midweek.
Milk futures were higher and cash dairy markets were mostly lower on the Chicago Mercantile Exchange Friday, January 15th.
January Class III milk was up $.01 at $16.23. February was up $.32 closing at $19.23. March was up $.41 at $19.04. April was up $.29 at $18.55. May through December contracts ranged from two to twenty-seven cents higher.
Dry whey was up $.02 at $.53. One sale was recorded at that price.