SA_LS850 San Angelo, TX Wed Oct 27, 2021 USDA Market News National Sheep Summary for Wednesday, October 27, 2021 Compared to last week at Sioux Falls, SD slaughter lambs 5.00-9.00 lower; slaughter ewes not well tested, lower undertone noted. Slaughter Lambs: Choice and... (full story)

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PHOENIX Shipping Point Prices as of 27-OCT-2021 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

Afternoon cattle trading saw Wednesday’s session close 12 to 57 cents higher. The weekly FCE auction sold 394 of the head listed for $125.50 and $125.75. Most asks were $126 - $128, while packers kept bids between $125 and $126. Central Stockyards announced a special Thursday sale for the remaining... (full story)

Corn gains dipped late morning, but a late session rally brought prices back to within 8 cents of the intraday high. Settlements were 10 to 13 ¾ cents higher on the day. Ethanol plants averaged 1.106 million barrels per day in output during the week that ended 10/22. That was... (full story)

Soybean futures dropped from their early session highs and were briefly a dime in the red. Late session strength left the board 1 1/4 to 2 1/4 cents higher for the close. Soymeal also ended the day off the highs, with $3.40 to $4/ton gains. BO bounced back from triple... (full story)

Lean hog futures continued lower on Wednesday, with 60 to 87 cent losses. USDA’s National Average Base hog price for Wednesday was another 62 cents weaker to $63.19. CME’s 10/25 Lean Hog Index $82.66, down by another 32 cents. Pork cutout futures gave back another 20 to 65 cents on... (full story)

Wheat closed higher. CBT SRW futures ended the day with 7 3/4 to 9 3/4 cent gains. In KC wheat, the board’s bounce back left futures 5 1/4 to 97 3/4 cents higher. MPLS wheat gained a half cent in December to 4 1/4 cents by July ’22. March contracts... (full story)

Closing near the high of the day, cotton futures’ afternoon strength pushed the board triple digits higher for the midweek session. December closed 181 points in the black, above $1.10 but still ~6 cents below the LOC high. Broad inflation driven commodity buying is being noted after similar selling a... (full story)

MIAMI Shipping Point Prices as of 27-OCT-2021 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

MIAMI Shipping Point Prices as of 27-OCT-2021 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

In an update from the Federal Reserve Bank of Kansas City earlier this month (“Larger Livestock Loans Boost Farm Lending“), Nathan Kauffman and Ty Kreitman stated that, “Demand for livestock loans […] (full story)

Interesting Levels (full story)

Nitrogen fertilizer prices continue to rise. The average anhydrous ammonia price now is over $1,100 per ton, having increased over $278 per ton in the last two weeks. Overall, these […] (full story)

Several Missouri farm groups are teaming up with the Ecosystem Services Market Consortium to launch a biodiversity credit program that pays farmers in the state for conservation practices. Missouri Corn and Soybean’s Clayton Light compares the... (full story)

Sometimes markets simply defy gravity. For those occasions, I developed Newsom's Market Rule #4A to offer as an explanation. (full story)

In its October Livestock, Dairy, and Poultry Outlook report, the USDA’s Economic Research Service (ERS) indicated that, “U.S. beef exports in August set a new record of 325 million pounds, […] (full story)

A group of soybean farmer leaders and others with the United Soybean Board Staff have completed training with the Center for Food Integrity on the benefits of gene editing in agriculture. The CFI’s Amy te Plata Church tells Brownfield the training... (full story)

Farmland prices across the Midwest have soared 20% or more in some areas, and that will continue for at least the next year, and possibly two, according to Steve Bruere, president of Clive, Iowa-based Peoples Company.  Bruere’s comments are... (full story)

The Barchart Chart of the Day belongs to the property management company Collier International (NASDAQ: CIGI ). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month then used the Flipchart feature to review the... (full story)

Soybean harvest has already kicked off in Missouri and it is important that farmers test their fields for soybean cyst nematode (SCN). The SCN is the most yield-limiting pathogen of […] (full story)

The world’s largest meat importing nation recently submitted a formal application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and it continues to draw a lot of attention. Joel Haggard, senior vice... (full story)