NCBA Plan to Voluntarily Increase Price Discovery

Carrie Muehling

The National Cattlemen’s Beef Association (NCBA) hopes to voluntarily increase price discovery in the cattle industry with its new “75% Plan.” A shortage of price discovery, particularly in the fed cattle market, has existed because people are using alternative market agreements instead of negotiated trade in many cases, said Tanner Beymer, NCBA Director of Government Affairs and Market Regulatory Policy. …

AgWired Animal, Animal Agriculture, Audio, Beef, Markets, NCBA

Marketing Policy Session Wraps up NCBA Summer Meeting

Cindy Zimmerman

A capacity crowd of cattle producers worked for more than six hours Wednesday to agree on a policy that would help resolve concerns about live cattle marketing issues and lead the industry to more robust price discovery. The National Cattlemen’s Beef Association’s Live Cattle Marketing Committee considered several proposals, each aimed at encouraging greater volumes of cash cattle trade. After …

AgWired Animal, Animal Agriculture, Audio, Beef, Livestock, Markets

Fed Cattle Exchange Acquired by Central Stockyards

Cindy Zimmerman

Post updated with Central Stockyards CEO interview The Fed Cattle Exchange weekly fed cattle online auction has been acquired by Central Stockyards, LLC. Since 2016 the Fed Cattle Exchange has provided the cattle industry with weekly, cost-effective cattle auctions that provide a platform for price discovery through competitive bidding. The prices determined in the weekly auctions benefit the entire cattle …

AgWired Animal, Animal Agriculture, Beef, Livestock, Markets

Planted Acreage Report Surprises

Cindy Zimmerman

USDA’s planted acreage report out Friday contained some surprising numbers for the trade. The National Agricultural Statistics Service (NASS) estimates 89.6 million acres of soybeans planted in the United States for 2018, down 1 percent from last year, and corn area planted is estimated at 89.1 million acres, also down 1 percent from last year. All cotton planted area for …

AgWired Precision, Audio, Markets, USDA

Cotton Market Update from Mid-South Farm & Gin Show

Jamie Johansen

A larger cotton crop than expected sets tone for an unusual year for the cotton market. Senior Cotton Analyst, Informa Economics, Kip Butts, was on hand at the recent Mid-South Farm & Gin Show to shed light on the current cotton market, where cotton stands with farm bill changes and what 2018 will look like. “I think we will find …

Agribusiness, AgWired Precision, Audio, Cotton, Farm Shows, Markets

MGEX Records Highest Volume in 2017

Carrie Muehling

MGEX recorded its highest calendar year volume in 2017 at 2,803,549 contracts. This number broke the previous record set in 2015. In addition, MGEX options volume for 2017 nearly doubled the preceding record of 61,226 contracts set in 2002. The Exchange also set a new annual electronic volume record with numbers 22 percent higher than the previous one. The best …

Markets

FarmLead Launches GrainCents Advisory Service

Cindy Zimmerman

A new subscription service from FarmLead has been launched that can provides specific recommendations to farmers on when to sell, hold and/or hedge in various market conditions to improve balance sheets, operations, and grain marketing schedules. The new service called GrainCents also educates farmers by providing expert insights on global market conditions and how they impact farm operations for specific …

AgWired Precision, Grains, Markets

FarmLead Adds Price Discovery to Online Grain Marketplace

Cindy Zimmerman

Online grain marketplace FarmLead has announced the launch of its newest feature, Price Discovery, which provides a comprehensive view of historical and future grain price trends specific to the user’s geography, helping farmers make better decisions when selling their grain. “This isn’t just a simple price transparency tool. It is a price education tool,” says FarmLead CEO and President Brennan …

AgWired Precision, Farming, Markets

Missouri Rice Council Hosts Field Day

Jamie Johansen

The Missouri Rice Council hosted their annual Rice Field Day August 24, at the Rice Research Farm in Campbell, Missouri. Research personnel from Southeast Missouri State University (SEMO) and the University of Missouri Fisher Delta Research Center were on hand to provide area farmers a chance to see and learn about recent developments in rice research and other agricultural related …

Ag Groups, AgWired Precision, Audio, Markets, Research, Rice

Nebraska Proudly Hosts #USSoyExchange

Jamie Johansen

To kick off the 2017 U.S. Soy Global Trade Exchange, Nebraska Lieutenant Governor Mike Foley provided opening remarks to the international and domestic soybean audience. I was able to speak with the Lt. Governor who shared how proud the state is of its agricultural industry. He said, “It’s really the backbone of our economy. We like to grow things.” “It’s …

Ag Groups, AgWired Precision, Audio, Exports, Markets, Soybean, Trade, USSEC