Land & Livestock Report
A giant in the U.S. beef industry passed away last week — Henry Gardiner of Ashland, Kansas. A long-time Angus breeder who truly understood the needs of the commercial cattleman and produced the kind of cattle that improved ranchers' bottom-line.
Of course the commodity markets were closed yesterday for the New Year Holiday. Best wishes to you in 2015 for happiness, health and prosperity. Unlike that not so good prices news in the grains market from a year ago — the cattle market has been moving higher.
The commodity markets were closed yesterday in honor of the Memorial Day Holiday so there are no grain or cattle prices to report instead we are going to check in with Henry Kornegay of Jackson Commodities to give us an overview of what has been happening concerning the wheat futures markets.
Farm of the Future
CME Group will be using a new methodology for determining daily price limit procedure in CBOT grain and oilseeds products, including corn, soybeans, CBOT wheat, Kansas City wheat, soybean meal, soybean oil, oats, and rough rice.