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Thursday’s closing cash grain bids

June 9th, 2016

St Joseph

 

Yellow Corn

3.95 – 4.01

White Corn

no bid

Soybeans

11.17 – 11.32

LifeLine Foods

4.04

 

 

Atchison

 

Yellow Corn

4.02  – 4.05

Soybeans

11.06

Hard Wheat

 4.29

Soft Wheat

4.60

 

 

Kansas City Truck Bids

 

Yellow Corn

 4.10 – 4.15

White Corn

 4.53 – 4.60

Soybeans

 11.36 – 11.41

Hard Wheat

 4.64

Soft Wheat

 4.60

Sorghum

 6.63

For more information, contact the 680KFEQ Farm Department.
816-233-8881.

Racial, ethnic diversity increasing in rural America

tractor 2USDA’s Economic Research Service reports ethnic and racial diversity is increasing in rural parts of the nation. Racial and ethnic minorities made up 21 percent of rural residents in 2014. USDA said this week Hispanics, who may be of any race, and Asians are the fastest growing minority groups in the United States as a whole and in rural areas. Over 2010-2014, the rural Hispanic population increased 9.2 percent, and their share of the total rural population rose from 7.5 to 8.2 percent. Asians and Pacific Islanders represent a small share of the rural population, about one percent, but their population grew by 18 percent between 2010 and 2014, while rural Native American and Black populations grew at more modest rates. Meanwhile, the rural non-Hispanic White population declined by 1.7 percent between 2010 and 2014. USDA says overall rural population loss, which was down 0.2 percent for the period, would have been much higher if not for the growth in the rural racial and ethnic minority groups.

USDA extends organic livestock and poultry rule comment period

chicken poultry birdsUSDA this week extended the comment period for the agency’s proposed rule regarding revised organic livestock and poultry production standards. The extension comes following a request by the House and Senate Agriculture Committee’s last month. The lawmakers say their constituents were concerned about possible unintended consequences like reduced access to organic products, substantially increased organic food costs for consumers, increased exposure to disease and mortality for organic poultry, according to The Hill. The rule, first proposed in April, clarifies how organic producers and handlers must treat livestock and poultry throughout the animals’ lives, including when they are transported and slaughtered. The comment period will be extended 30 days to July 13th, 2016.

Monsanto formulating plan for handling xtend soybeans

MonsantoMonsanto is working with the U.S. farm sector to keep Xtend soybeans separate from varieties approved in all major export markets, according to Jim Sutter, CEO of the U.S. Soybean Export Council. Xtend soybean seeds have been engineered to resist the herbicides glyphosate and dicamba. The variety was launched before garnering approval of shipments from Europe, something that has yet to come. As a result, Pro Farmer’s First Thing Today reports some of the world’s top grain handlers have said they will reject deliveries of such soybeans engineered to resist the herbicides glyphosate and dicamba. Richard Wilkins, president of the American Soybean Association, also said the company is working on a plan for Xtend soybeans in case approval from Europe does not come over the summer as expected.

Farmer sentiment lower in May compared with April

farm from PH commercialFarmers are growing more pessimistic regarding the overall agriculture economy, according to the latest Agriculture Economy Barometer by Purdue University and CME Group. After a surge in producer sentiment in April, spurred in part by a favorable swing in commodity prices, producer sentiment settled lower in May at a value of 97. The dip in May brings the index back in line with readings provided by producers in January and February of this year, reading 98 and 96. The base period score is 100. So if the index falls below 100, the measure would indicate sentiment has declined. A score greater than 100 means sentiment regarding the health of the agriculture economy has increased. Some of the decline in producers’ sentiment during May was attributable to changing perceptions about the livestock sector. Further, just 10 percent of the 400 farmers surveyed said they expect profitability to improve in the next year. However, the outlook on farmland prices was more favorable as 52 percent respondents rated farmland favorably and nearly one-quarter of survey respondents provided a neutral rating for farmland as an investment.

Groups continue push for GMO labeling compromise

GMO logoThe Coalition for a Safe Affordable Food Supply and the National Association of State Departments of Agriculture this week called on lawmakers to make a deal to block the Vermont labeling law. The groups made the push as Senate Agriculture Committee Chairman, Republican Pat Roberts of Kansas, and ranking member Debbie Stabenow of Michigan, are meeting to discuss a compromise on the labeling of genetically modified foods, according to the Hagstrom Report. Roberts said at a Bloomberg Government event that the agreement is down to three sticking points, but did not elaborate. In a joint news release, the groups expressed confidence “that a Roberts-Stabenow compromise will get 60 votes in the Senate and will be passed by the House” before the Vermont law goes into effect on July first. However, the groups add, for this to happen, “a Roberts-Stabenow compromise must be reached this week.”

Higher hog prices battling higher feed costs

American hog farmers are caught between higher prices from growing exports and the higher cost of feed due to lower South American corn and soybean production and weather concerns for U.S. crops. In the first quarter of 2016, U.S. corn farmers got $3.60 per bushel and the cost of protein meal in Decatur, Illinois, was at $276 per ton. Today those prices are at $4 per corn bushel and nearby meal futures are at $400 per ton. Chris Hurt at Purdue University said hog prices are getting a fortunate boost thanks to increasing pork demand in China. A recent herd reduction due to poor margins created a retail shortage and prices are at record highs. China will soon likely take the place of Japan as the world’s top pork importer. USDA forecasts exports to grow by five percent this year to 5.2 billion pounds, and that number could go higher as China’s imports continue to grow.

European Union vote on glyphosate use fails

The future of glyphosate as a tool to kill weeds in the European market is in doubt after a proposal to extend its sales authorization didn’t get enough votes. Glyphosate’s EU license expires at the end of this month, and reauthorizing the weed killer is running into opposition from member states as conflicting scientific reports about its ability to cause cancer continue to circulate. The majority of member states backed the extension, but because the more populous countries like France, Germany and Italy abstained from voting, the extension didn’t meet the 65 percent population threshold requirement. The EU’s executive arm had proposed extending the sales license by 12 to 18 months. That would have allowed the European Chemicals Agency to come up with a finding on the health impact of glyphosate, the main ingredient in Monsanto’s Roundup.

Hong Kong takes action after avian influenza outbreak

chicken breastsHong Kong officials plan to cull thousands of poultry after recent fecal samples confirmed the presence of the H7-N9 avian influenza strain at the city’s only poultry market. The Shanghai Daily says 4,500 birds at the market will be culled, and the government plans to take samples from 30 other chicken farms. Live poultry trade had already been suspended over the weekend after secondary tests confirmed the findings. The source of the virus or it’s pathogenic status aren’t clear. No human infections have been reported so far.

Butterweed is a threat to livestock

A yellow flower called Butterweed is popping up in hay and wheat fields across a good chunk of the country and it’s poisonous to livestock. A DTN report says the winter annual often pops up in no-till corn and soybean fields. It’s native to the United States and found from Texas east into Florida, up the east coast through Virginia, and back west all the way to Nebraska. The plant is poisonous to grazing animals like cattle, horses, sheep, goats, and to humans as well. Burndown herbicides are used in the spring when the plants are smaller, but that’s not an option in forage crops and in wheat. The plant is most poisonous during the bud-to-flower stage, and most likely to affect the first cuttings of alfalfa. It doesn’t typically regrow after the first alfalfa cutting of the season. Bales that wind up with a lot of butterweeds in them should immediately be discarded.

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