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Crop markets tumble Friday at close

Corn continued its recent slide Friday. Although Thursday’s weekly USDA Export Sales report looked bullish for corn, CBOT prices continued their recent decline into the weekend. Talk of rapid spring planting and lower demand resulting from the ongoing ‘bird flu’ outbreak clearly depressed prices. Early Friday news of a big corn sale and recent U.S. dollar losses did little to boost the market. May corn futures sank 6.25 cents to $3.645/bushel at Friday’s close, while December lost 6.25 to $3.8825.

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Trade Promotion Authority bill advancing in Congress

A bill many deem necessary to finalizing the two major trade agreements passed significant hurdles in Washington this week. The Trade Priorities and Accountability Act that would renew Trade Promotion Authority received the stamp of approval by the Senate Finance Committee and the House Ways and Means Committee.

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Ralco acquires license to Birthright Moveable Milk Cup

Recently, Ralco announced that it has entered into an agreement with Advanced Birthright Nutrition (ABN) for the exclusive worldwide rights to sell and distribute the Birthright Moveable Milk Cup. The new technology is a new in-line milk system that increases the profitability and efficiency of swine producers by allowing them to move supplementation milk cups within a farrowing facility while the system is running.

Markets

Corn market still sliding Friday at midday

Corn continued sliding Friday morning. Although Thursday’s weekly USDA Export Sales report looked bullish for corn, CBOT prices continued their recent decline through yesterday’s session and into Friday. Talk of rapid spring planting and lower demand resulting from the ongoing ‘bird flu’ outbreak are reportedly weighing on prices. Early news of a big corn sale did little to boost the market. May corn futures sank 5.25 cents to $3.655/bushel late Friday morning, while December lost 5.5 to $3.89.

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Retail diesel prices rise

Diesel prices are up throughout the country, with the U.S. average price rising three cents. This rise brought the 27-week average price to $3.15.

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Harvard University to examine food security challenges

Three groundbreaking voices in the agriculture industry will help raise awareness of one of the most pressing global challenges of the next 35 years: world hunger. A series of unique opportunities will take place at Harvard University for students, faculty, staff and members of the community to learn from these experts and others about the serious situation of global food security.

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