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NEWS ROOM

02/26/2024

The Illinois Farm Bureau (IFB) is encouraging expansion of urban agriculture throughout the state. Reghala Scavuzzo, associate director of food system development, says they’ve partnered with USDA’s Natural Resources Conservation Service for a three-year, 1.2-million-dollar project… “What we’re going to be doing is looking at urban agriculture, not necessarily within just Chicago, but across the…

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Jared White

02/26/2024

Chicago Mercantile Exchange live cattle futures were higher and feeders were lower ahead of the week’s direct business. Feeders had additional pressure from the higher corn and larger-than-expected placements in last week’s USDA Cattle on Feed report. April live was up $.20 at $188.10 and June was $.22 higher at $184.10. March feeders were down…

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Brent Barnett

02/26/2024

Dry conditions in 2023 could lead to increased risk of herbicide carryover in soybeans this spring. Aaron Hager, weed scientist at the University of Illinois, says herbicide applications made to abnormally dry soil last season could still lead to springtime issues even with near normal winter precipitation… “If you’re applying a material to a very,…

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Jared White

02/26/2024

Soybeans were mixed, mostly modestly higher. Beans consolidated after the recent run to multi-month lows sparked by long liquidation and slow export demand. Soybeans essentially followed the lead of bean meal, which was mostly modestly higher on bull spreading, while bean oil was up on oversold signals, the higher crude oil, and general renewable fuels…

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John Perkins

02/26/2024

An ag economist says Ukraine is seeking an alternative shipping route that could help boost its grain export volumes to pre-war levels. Jim McCormick with AgMarket.Net tells Brownfield Ukraine is expected to utilize a new corridor along the Danube River. “This is a verified report,” he said. “They made this announcement just recently at the…

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Brent Barnett

02/26/2024

Mar. corn closed at $4.07, up 7 and 1/4 centsMar. soybeans closed at $11.33, up 3 centsMar. soybean meal closed at $334.40, up $2.90Mar. soybean oil closed at 44.40, up 38 pointsMar. wheat closed at $5.77 and 1/4, up 3 and 3/4 centsApr. live cattle closed at $188.10, up 20 centsMar. feeder cattle closed at…

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John Perkins

02/26/2024

Wisconsin’s Farmers Union President expects familiar issues including ethanol will be discussed at the upcoming national convention. Darin Von Ruden tells Brownfield Darin Von Ruden tells Brownfield there isn’t 100% nationwide support from Farmers Union members. “We’re certainly going to be talking about ethanol. That’s becoming a bigger issue all of the time within different…

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Larry Lee

02/26/2024

An attorney says the new federal disclosure law has businesses concerned, and several attorneys and accountants confused. Amy Ebeling with Ruder Ware Law in Wisconsin says the new federal Corporate Transparency Act has been in place since January 1st and anyone who has formed a business entity with any state government has to provide more…

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Larry Lee

02/26/2024

Egg production was up in January. The USDA says 9.274 billion eggs were produced in January 2024, an increase of 2% from January 2023, with table and hatching eggs both above the previous year. The number of egg laying hens on February 1st was slightly higher while the rate of lay per day was up…

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John Perkins