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Morning Farm Report: Cattle prices moving up

Live cattle prices increased from $144.65 on Thursday to $146.53 on Friday. The $1.88 jump brought the 27-day average price to $146.46. Feeder cattle prices also saw an increase of $2.05 to hit $202.40 on Friday, bringing the 27-day average price to $211.73.

Lean hogs did not fare quite as well, dropping 62 cents to hit $66.43. The 27-day average price now rests at $73.40.

Wheat prices faltered Friday, dropping seven cents to $4.77, while corn saw a one-cent drop to $4.77.

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NPPC urges delay in WOTUS rule

Following Thursday's federal court injunction against a new Clean Water Act (CWA) rule, the National Pork Producers Council strongly urged the Obama administration to delay implementation of the regulation, which would adversely affect hundreds of thousands of farmers, businesspeople and landowners. The organization also again asked the administration to withdraw it and to work with the agriculture and business communities to craft a rule ensuring the cleanliness of the nation’s rivers, streams and other waterways that the public can understand and with which it can easily comply.

Markets

U.S. gasoline and diesel fuel prices decrease

The U.S. average retail price for regular gasoline decreased eight cents from the previous week to $2.64 per gallon on August 24, 2015, down 82 cents from the same time last year.

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Estate Planning: How to get started

Daunting is one way to describe estate planning, said Heather Gessner, SDSU Extension Livestock Business Management Field Specialist. "This is one reason farm families have avoided implementing a plan for their farms and families," said Gessner.

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