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SA_LS850 San Angelo, TX Wed Jun 07, 2023 USDA Market News National Sheep Summary for Wednesday, June 07, 2023 Compared to last week at Sioux Falls, SD slaughter lambs 1.00-4.00 lower; slaughter ewes steady to 5.00 higher. Slaughter Lambs: Choice and Prime 2-3: Sioux... (full story)


CHICAGO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


Cotton worked lower on the midweek session, but closed 40 points to a penny off the session lows. July went home at a 33 point loss, and is now down a net 104 points for the week’s move. July was a 3.78 cent premium to Dec contracts at the close.... (full story)


The front month hog futures market dropped as much as $2.17. June stayed relatively firm with a 60 cent drop. July contracts are still at a net $2.27 gain for the week’s move. USDA’s National Average Base Hog price for Wednesday was $93.11, up by 98 cents. The 6/5 CME... (full story)
HEM23: 87.700s (-0.600), HEQ23: 83.100s (-1.400), KMM23: 89.100s (-1.300)


Cattle futures cooled off for the midweek session, ending down by $2.30 to $2.82. June fats were the exception with an 82 cent drop. The merc showed Dec 7th was the oldest dated long for June cattle, with no deliveries announced and none expected during the strong cash market rally... (full story)
LEM23: 179.000s (-0.825), LEQ23: 173.200s (-2.300), LEV23: 175.625s (-2.625), GFQ23: 239.100s (-4.150), GFU23: 242.275s (-4.250)


The Kansas City HRW wheat market closed the midweek session just fractionally to 2 1/4 cents off the daily lows on 25 to 32 1/4 cent losses. MGE wheat was also sharply lower on Wednesday, getting back below the $8 round number on 22 to 23 cent losses. Chicago wheat... (full story)
ZWN23: 616-6s (-11-0), ZWU23: 627-6s (-12-2), ZWPAES.CM: 5.6680 (-0.1099), KEN23: 788-0s (-32-2), KEPAWS.CM: 7.4826 (-0.3095), MWN23: 794-0s (-22-4)


cent gain, August was up 1 1/2 cents, and meal futures closed $1.70 to $8.50 higher. The new crop bean futures ended with 3 1/2 to 9 1/4 cent losses. Corn was weaker on the day, which left the new crop soy/corn ratio at 2.220. The insurance guarantee price ratio... (full story)
ZSN23: 1360-6s (+7-4), ZSPAUS.CM: 13.2742 (+0.0239), ZSQ23: 1267-2s (+1-4), ZSU23: 1189-6s (-3-4)


Wednesday’s session ended near the lows with 10c new crop losses. December was a 73 1/2 cent discount to the nearby July contract. July itself was 3 cents off the low for the day and closed only 3 3/4 cents in the red. NOAA’s updated 7-day QPF shows needed moisture... (full story)
ZCN23: 604-2s (-3-6), ZCPAUS.CM: 6.3019 (-0.0732), ZCU23: 525-0s (-9-4), ZCZ23: 530-6s (-10-2)


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The Illinois Milk Producers Association is kicking off June Dairy Month in an impactful way. Illinois dairy farmers and IMPA are donating more than 2,000 half gallon containers of milk and nearly 400 half gallon containers of lactose-free milk to the Central and Eastern Illinois Foodbanks. IMPA Executive Director Tasha... (full story)


Wisconsin’s Farm Technology Days next month will show off new and old technology.  The three-day farm show July 18th, 19th, and 20th is known for it’s centerpiece called Innovation Square, but coordinator Anna Maenner (MAY’ ner) tells Brownfield this year, Madison College will show the diversity of diesel power and... (full story)


An Ohio State professor would like to see the dairy industry transition away from the Federal Milk Marketing Order system.  Dr. Normand St. Pierre tells Brownfield Class One fluid milk is forward priced, and Class III for cheese and Class Iv for butter and powder is “backward priced” from the... (full story)


In a recent report it was suggested that China is considering an export ban on rare-earth magnets as a consequence of the escalating tension with the U.S. over Taiwan. (full story)
REMX: 84.14 (-0.77)


MIAMI Shipping Point Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News... (full story)


MIAMI Shipping Point Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News... (full story)


A risk-on move was slammed after the Bank of Canada hiked rates. The rotation continued though and E-mini Russell futures added another 2% although the E-mini S&P lost nearly 0.5%. Crude gained on China Import news, but metals were bludgeoned. (full story)


FRESNO Shipping Point Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News... (full story)


PHOENIX Shipping Point Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News... (full story)


Smoke from Canadian wildfires filled skies across a large swath of the U.S. on Thursday, causing air quality issues for people residing in the Northeast.  Residents from New England to as far south as Texas reported seeing and smelling smoke from... (full story)
FLN23: 2.37500s (-0.03000), ZCN23: 604-2s (-3-6), ZCPAUS.CM: 6.3019 (-0.0732)


Click to view report lsddcbs.pdf in PDF format (full story)


At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking.  Markets continue to watch direct cash business develop, which has been at mostly, sharply higher prices.  August lives closed $2.30 lower at $173.20 and October lives closed $2.62 lower at $175.62.  August feeders closed $4.15 lower at... (full story)


REPORTING OFFICE: WASHINGTON JUN 07 2023 TRUCK, AIR, BOAT AND IMPORT SHIPMENTS FOR: TUE JUN 06 2023 ... (full story)


REPORTING OFFICE: WASHINGTON JUN 07 2023 TRUCK, AIR, BOAT AND IMPORT SHIPMENTS FOR: TUE JUN 06 2023 ... (full story)


Click to view report lsdcbbs.pdf in PDF format (full story)


NW_LS410 Des Moines, IA Wed, Jun 07, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $296.32 $275.08 ... (full story)


MD_DA440 Butter - Western U.S. Report 23 - Released on June 07, 2023 In the West, although cream multiples are pushing upward, plenty of volume is available for processing needs. A few butter manufacturers have reduced amounts of outside cream taken in ... (full story)


MD_DA840 Cheese - Western U.S. Report 23 - Released on June 07, 2023 Retail and food service demand is steady for varietal cheeses. Block cheese inventories are reportedly slightly looser by a few manufacturers. Spot market activity and contract sales ... (full story)


MD_DA431 Butter - Central U.S. Report 23 - Released on June 07, 2023 Butter makers say cream remains readily available. They do relay that multiples have begun to shore up somewhat following the Memorial Day holiday weekend two weeks ago, which created a... (full story)


Click to view report fvdidnop.pdf in PDF format (full story)


SAN FRANCISCO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


SAN FRANCISCO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


SAN FRANCISCO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


SAN FRANCISCO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


SAN FRANCISCO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


SAN FRANCISCO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


SAN FRANCISCO Terminal Prices as of 07-JUN-2023 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)


Explore how to apply new Mexican F-TIIE futures to efficiently hedge interest rate risk on Mexico’s BONDES F coupons (full story)


Milk futures on the Chicago Mercantile Exchange were higher Wednesday supported by continued strong cash markets and a weaker dollar. June Class III milk up six cents at $15.30. July 24 cents higher at $16.53. August up 20 cents at $17.37. September 32 cents higher at $18.19. October through December... (full story)


Jul. corn closed at $6.04 and 1/4, down 3 and 3/4 centsJul. soybeans closed at $13.60 and 3/4, up 7 and 1/2 centsJul. soybean meal closed at $405.20, up $8.50Jul. soybean oil closed at 50.47, down 45 pointsJul. wheat closed at $6.16 and 3/4, up 11 centsJun. live cattle closed... (full story)


The National Milk Producers Federation says a recent bill to remove trade barriers on baby formula imports would be a burden for the U.S. dairy industry. Shawna Morris tells Brownfield the Formula 3.0 Act is a misguided response to the infant formula shortage last year from a temporary production crisis.... (full story)


REPORTING OFFICE: PHOENIX JUN 07 2023 TRUCK, AIR, BOAT AND IMPORT SHIPMENTS FOR: TUE JUN 06 2023 *MODE IS TRUCK... (full story)


REPORTING OFFICE: FRESNO JUN 07 2023 TRUCK, AIR, BOAT AND IMPORT SHIPMENTS FOR: TUE JUN 06 2023 *MODE IS TRUCK... (full story)


REPORTING OFFICE: FRESNO JUN 07 2023 TRUCK, AIR, BOAT AND IMPORT SHIPMENTS FOR: TUE JUN 06 2023 * MODE IS TRUCK UNLESS OTHERWISE STATED ... (full story)