Cattle & Ranch Report October 3, 2024   Live Cattle: Today’s price action in live cattle is a different story compared to yesterday as more confirmation of a higher cash trade is needed to continue yesterday’s move which was influenced by some light cash trade starting at 186 in TX and 187 in IA/MN on 68…

Here is some info on an energy improvement program through USDA Rural Development. Below is a snippet from the link below on how funds can be used. Loan guarantees on loans up to 75% of total eligible project costs, grants for up to 50% of total eligible costs, or a combined grant/loan guarantee funding up…

Fall Planted Crops If you have intentions on seeding and insuring fall seeded crops that include but not limited to Rye, Winter Wheat, Forage. Please call the office immediately, the sales closing deadline for these crops is September 30th.   Silage Appraisals Chopping corn for other than intended usage (grain) needs to have an appraisal done…

ARC and PLC Payments for 2023 The 2023 marketing year for wheat ended on May 31st and PLC and ARC payment rates have been published by FSA. The marketing year for corn and soybeans does not end until August 31st, so payment rates remain estimates based on information currently available. ARC and PLC program data…

QUALITY: Unfortunately, there are no discount factors for low protein.  But there is vomitoxin, scab, aflatoxins, and falling numbers. I have included the charts for Vomitoxin, Falling Numbers for Durum and Wheat as that is what is showing up most common this year. For example, if you harvest 50 bu wheat with 5.5ppm vomitoxin your…

  With Small grain harvest well under way though out the Dakota’s we wanted to make sure to report on the findings as well as the current price tracking. Northwest (Minot area) bushels are running 60-100bu on average inclusive of drown out acres with Protein running 12-14 (heavily discounted) Northeast bushels are running 90-120 with…

Cattle & Ranch Report August 9, 2024    Live Cattle: I expect a little house cleaning today as traders have been through a whirlwind of volatility this week.  Margin clerks will be expected to wrap up everything before the close so Monday will start with a clean slate.  Today’s reprieve from selling should help to give…

First, a couple weeks ago, USDA announced a final deadline for sign up for the ’22 ERP disaster program. That deadline is about a week away from today, August 14, 2024!  This deadline will apply to Track 2 applications. Beware – ERP ’22 is a very messy program… the ground has shifted and it will likely shift again because…

Cattle & Ranch Report July 31, 2024    Live Cattle: Bonds made a new high from contract low today.  A signal of a need to lower rates, or better stated, stimulate.  Energy is believed initiating a bear market trend.  Consumers are believed to have begun to shift again, although resilience in beef demand appears to…