National Sheep Summary
SA_LS85021 San Angelo, TX Wed Sep 18, 2024 USDA Market News National Sheep Summary for Wednesday, September 18, 2024 Compared to last week at Sioux Falls, SD light slaughter lambs 25.00- 30.00 higher, heavier lambs steady to 6.00 lower; slaughter ewes steady to 5.00...
November WTI Crude Oil Commentary 9/18/24
The Nov WTI trading session settled at 69.88(-0.08) , had a high of 70.31, a low of 68.58. Cash price is at 71.21(+1.07), while open interest came in at 346,083. Higher on the day by -0.11% CLX traded above its 7 day (68.2) but below its 20 day (70.42), its...
National Organic Grain and Feedstuffs
Click to view report lsbnof.pdf in PDF format
Grain Spreads: Wheat Examined
Wheat Retraces but Support Holds for Now
Shootin' the Bull about rate cuts
I find it more than interesting the Fed cut rates by a half. I say that due to my initial analysis of economic government reports not reflecting the inflation impact on most consumers.
S&P 500 Falls from a Record High on Hawkish Powell
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down by -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.45%. Stocks on Wednesday gave up mid-session gains and turned lower as...
IRFA asks Congress to prioritize E15 fix in early 2025
The executive director of the Iowa Renewable Fuels Association says he’s hopeful a federal solution for year-round E15 will be prioritized in early 2025. Monte Shaw tells Brownfield legislation has stalled in Congress. “It’s being blocked by one senator who has a refiner in his backyard and he’s just not...
Senate Ag Committee pushed to buy American food for schools
A representative of the food processing industry is encouraging lawmakers to source food for schools domestically. Kay Rentzel, Executive Director of the Southeastern Food Processors Association, National Peach Council, and U.S. Sweet Potato Council, testified during Wednesday’s U.S. Senate Ag subcommittee hearing on how a buy American provision guarantees students...
Crop specialist says Southern Rust in Nebraska “like I’ve never seen before”
A crop seed specialist says disease has been a challenge for farmers in the western Corn Belt. Mike Gruener with Wyffels Hybrids tells Brownfield… “With all the early rainfall, we’re seeing a lot of crown rot in the corn and then in this immediate area right around central Nebraska, Southern...
National Daily Cattle Beef Summary Report
Click to view report lsddcbs.pdf in PDF format
Pure Hedge - Livestock and Grain
Slow day - Fed's 1/2 point cut and absurd Soybean prices
National Daily Feeder and Stocker Summary Report PM
Click to view report lspdfss.pdf in PDF format