Agriculture takeouts from last night's State of the Union http://t.co/4zYafe85 -- AgWebEditor (@AgWebEditor)
Wednesday, January 25, 2012
Farm Sale this Friday
TWO BIG SALES IN ONE DAY AND ONE LOCATION
We'll be covering both auctions live on the blog this coming Friday afternoon Jan. 27th, 2012. Stay in the know about land prices in our area with late breaking coverage live on the News From The Coffee Shop Blog!
Real Estate on Hold
"If I consider myself a caretaker of the land (not an investor who gets in and out of the market), my best recommendation is to get out of debt. Then it doesn't matter what happens to land prices. One way or another, we will need to deal with the federal budget deficit and agriculture will be a target for policy makers," Malanga warned.
Click to read the Full Article by Elizabeth Williams
Click to read the Full Article by Elizabeth Williams
Tuesday, January 24, 2012
Monday, January 23, 2012
S:GROWERSEDGE.MOBI M:CORN MAR2 620+8.5s
BEANS MAR2 1217.5+30.5s
LCAT FEB2 124.725+0.175
LHOG FEB2 86.475+1.15
BEANS MAR2 1217.5+30.5s
LCAT FEB2 124.725+0.175
LHOG FEB2 86.475+1.15
Eastern IA Farmland Auctions
TWO BIG SALES IN ONE DAY AND ONE LOCATION
We'll be covering both auctions live on the blog this coming Friday afternoon Jan. 27th, 2012. Stay in the know about land prices in our area with late breaking coverage live on the News From The Coffee Shop Blog!
Opening Calls
CORN: Corn futures are called 1 to 6 cents higher this morning based mostly on overnight Globex activity, Brugler Marketing reported Monday morning. The euro is stronger vs. the dollar, while the Chinese yuan is weaker. Corn was up 12 cents last week in the old crop March contract. Informa Economics raised their 2012 corn plantings estimate to 94.75 million acres up from the previous estimate of 94.4 million.
SOYBEANS: Soybean futures are expected to start the day session 10 to 15 cents higher. Nearby beans were up 28.75 cents for last week, according to Brugler Marketing. Informa Economics lowered their soybean plantings estimate for 2012 to 74.568 million acres. The IGC lowered projected global soybean production for 2011/12 to 256 MMT, putting Brazil at 71.8 MMT and in line with the CONAB estimate.
Hogs, cattle expected to be 20 cents higher
HOGS: Pork in Cold Storage the end of December was at 481,673,000 pounds versus 475,829,000 pounds in December 2010, Brugler Marketing said. IA/MN hogs were up $0.14 on Friday. The CME Lean Hog Index was at $84.96. Weekly slaughter is estimated at 2.064 million head compared to 2.083 million for the same period last year. Pork trading was slow to moderate with light to moderate demand and offerings. The Carcass cutout was higher Friday on 62.13 loads.
CATTLE: Brugler Marketing reported the monthly Cattle on Feed report on Friday showed January On Feed at 103% vs. the average trade estimate of 103.3%, December Placement estimates were 94.1% vs. 94.2% for the average guess and the December marketings were 98.1% vs. the average guess of 97%.
SOYBEANS: Soybean futures are expected to start the day session 10 to 15 cents higher. Nearby beans were up 28.75 cents for last week, according to Brugler Marketing. Informa Economics lowered their soybean plantings estimate for 2012 to 74.568 million acres. The IGC lowered projected global soybean production for 2011/12 to 256 MMT, putting Brazil at 71.8 MMT and in line with the CONAB estimate.
Hogs, cattle expected to be 20 cents higher
HOGS: Pork in Cold Storage the end of December was at 481,673,000 pounds versus 475,829,000 pounds in December 2010, Brugler Marketing said. IA/MN hogs were up $0.14 on Friday. The CME Lean Hog Index was at $84.96. Weekly slaughter is estimated at 2.064 million head compared to 2.083 million for the same period last year. Pork trading was slow to moderate with light to moderate demand and offerings. The Carcass cutout was higher Friday on 62.13 loads.
CATTLE: Brugler Marketing reported the monthly Cattle on Feed report on Friday showed January On Feed at 103% vs. the average trade estimate of 103.3%, December Placement estimates were 94.1% vs. 94.2% for the average guess and the December marketings were 98.1% vs. the average guess of 97%.
Sunday, January 22, 2012
Friday, January 20, 2012
Thursday, January 19, 2012
Grain Markets Higher
Old Crop Corn + 12.5
New Crop Corn + 8
New Crop Corn + 8
Old Crop Soybeans + 13.5
New Crop Soybeans +8
Cattle Futures
Live Cattle futures are called 10 to 20 cents higher after closing
slightly lower yesterday, Brugler Marketing said. Lean Hogs are called
slightly higher after closing firmer yesterday.
slightly lower yesterday, Brugler Marketing said. Lean Hogs are called
slightly higher after closing firmer yesterday.
As seen on marketwatchonline.com
Wednesday, January 18, 2012
80 acre farmland auction
80 acres of prime farmland sells in 15 minutes south of Vinton, IA!
Stay logged on to the blog for live updates from the auction!
Tuesday, January 17, 2012
Eastern Iowa Farmland Auction
80 acres sell tommorrow Jan. 18, 2012 at 10am
Located south of Vinton, IA with avg CSR 85.
Check the blog tommorrow beginning at 9:45 for live updates.
Iowa's 2011 Ethanol Production
Iowa's 41 ethanol refineries distilled 3.7 billion gallon, up 200,000
from 2010...
Tweeted by Farmland Network
from 2010...
Tweeted by Farmland Network
Bred Heifer Prices on a Roll
Special Cattle Sale
Monday Jan 16, 2012
836 Head
Monday Jan 16, 2012
836 Head
Bred Heifers
7-1067-2250.00
5-1047-2200.00
10-1041-2200.00
8-1065-2150.00
10-1074-2150.00
5-1038-2150.00
6-1094-2150.00
10-1006-2150.00
10-1060-2125.00
10-1185-2100.00
5-1229-2100.00
5-1104-2100.00
6-1031-2100.00
5-1138-2100.00
7-1082-2100.00
5-982-2100.00
5-1076-2100.00
6-1103-2100.00
5-1178-2100.00
5-1133-2100.00
8-993-2050.00
10-1162-2050.00
10-1215-2025.00
5-1170-2025.00
5-1179-2000.00
8-1153-2000.00
5-1177-1950.00
5-1159-1950.00
9-1171-1950.00
10-1114-1950.00
10-962-1950.00
10-1154-1950.00
5-1098-1900.00
8-1033-1900.00
10-1030-1875.00
5-1033-1875.00
6-1078-1875.00
10-1039-1850.00
8-1039-1850.00
5-1103-1700.00
6-920-1625.00
10-962-1575.00
10-954-1550.00
8-971-1550.00
13-865-1375.00
Monday, January 16, 2012
Farmland Auction @ 10am
CHECK BACK OFTEN OVER THE NEXT HOUR FOR LIVE COVERAGE OF THIS FARM SALE!
February 3, 2012 @ 10am in Vinton, IA
Tama Livestock Feeder Calf Sale
Tama Livestock
Friday Jan 13, 2011
1947 hd
Friday Jan 13, 2011
1947 hd
Strs
5-358-200.00 4-378-197.00 3-488-193.00 10-438-193.00
8-471-191.00 4-478-188.50 5-497-186.00 3-498-179.00
12-562-166.50 15-591-162.25 67-584-161.00 10-577-160.50
4-601-160.00 11-601-158.50 11-635-158.00 10-624-158.00
6-643-158.00 11-620-157.00 11-643-158.00 11-620-157.00
24-615-157.00 15-646-157.00 12-598-156.25 13-610-156.00
15-618-156.00 78-672-155.50 16-654-155.50 13-679-155.25
25-692-155.00 13-637-154.50 24-614-154.25 14-592-154.00
24-626-154.00 18-685-153.25 49-726-153.00 8-651-151.00
9-748-149.50 10-718-148.50 15-737-148.50 70-766-147.00
8-774-146.50 9-709-146.50 32-759-146.50 76-778-146.00
10-769-146.00 7-774-144.50 6-762-143.50 44-828-141.50
62-800-138.75 7-825-138.50 18-882-138.50 10-877-135.00
30-909-132.75 7-907-131.00 36-867-130.00
Hfrs
3-398-169.00 9-348-167.50 4-371-163.00 4-443-156.00
21-686-153.00 10-645-151.00 9-482-150.00 7-696-148.00
15-647-147.50 19-621-147.00 6-641-147.00 9-563-146.50
15-492-146.50 11-523-145.75 7-594-145.50 8-533-145.50
15-582-145.25 28-583-145.00 15-573-145.00 26-577-144.50
7-664-144.25 8-638-144.00 7-640-144.00 28-626-143.00
7-615-142.00 47-707-142.00 24-671-140.75 44-699-140.00
7-742-137.00 65-708-135.25 10-720-134.50 13-747-134.50
57-799-134.00 6-688-133.00 26-764-132.25
As seen on tamalivestock.com
Flooding Could Not Have Been Avoided
Full Report below anaylzing the 2011 Flooding on the Missouri River!
http://www.nwd.usace.army.mil/docs/MRIndependentReviewPanel.pdf
We're interested in your thoughts!
Send your feedback to prburmeister@gmail.com
Creeping Inputs!
-- Federal crop insurance guarantees for most spring-planted crops
won't be set until late February, but any winter rally in futures
prices will only alleviate revenue risk. If corn's guarantee averages
below $5.80 and soybeans $11.80, a typical Illinois operator still
could face losses under some low-yield scenarios, noted University of
Illinois economist Gary Schnitkey.
won't be set until late February, but any winter rally in futures
prices will only alleviate revenue risk. If corn's guarantee averages
below $5.80 and soybeans $11.80, a typical Illinois operator still
could face losses under some low-yield scenarios, noted University of
Illinois economist Gary Schnitkey.
The issue would be compounded if operators leased most of what they
farm and committed to cash rent of $350/acre or more. Without a $5.80
or better crop insurance guarantee on corn, "high cash rent farms can
bleed a lot if the market turns against them," Schnitkey added.
As seen on www.dtnprogressivefarmer.com
Ag Interest Rate Snapshot
DTN Ag Interest Rate Snapshot
TODAY - LAST WEEK
as of: 1/13/12
TODAY - LAST WEEK
as of: 1/13/12
REAL ESTATE
5-Year Adjustable 3.30
15-Year Fixed 4.20
20-Year Fixed 4.60
10-Yr. Treasury 1.89
OPERATING
Libor Indexed 3.50
1-Year Adjustable 3.66
Variable 3.60
Prime Rate 3.25
CCC Loan Rate 1.250
As seen on www.dtnprogressivefarmer.com
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