Farmer aid is coming from the Trump administration in the New Year. The USDA released some details about the Farmer Bridge Assistance Program payments this week, but Ben Brown with University of Missouri Extension says there are still some unknowns. Find out more in this week’s Managing for Profit.

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At the Chicago Mercantile Exchange, live and feeder cattle were higher, waiting for direct business to develop. February live cattle closed $1.57 higher at $228.52 and April live cattle closed $1.47 higher at $228.37.  January feeder cattle closed $2.87 higher at $338.37 and March feeder cattle closed $2.67 higher at $332.82.  Direct cash cattle trade […]

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Milk futures closed higher and cash dairy finished steady to higher Wednesday. January Class III milk futures on the Chicago Mercantile Exchange closed 13 cents higher at $15.35.  February up 6 at $$15.40.  March gained 7 cents closing at $15.79.  April through June contracts 5 to 6 cents higher. Dry whey up $0.0150 at $0.76 […]

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Soybeans were modestly higher on short covering and technical buying. The trade continues to monitor the mostly favorable crop weather in South America. CONAB’s updated outlook for Brazil is out December 11th, while the USDA’s next round of supply, demand, and production numbers is set for January 12th. Ahead of Wednesday’s open, China purchased 136,000 […]

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