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Kevin Oppermann grazes cattle on 28 acres of pasture at his home farm near Fitchburg, Wisconsin. To accommodate his expanding herd he also began in 2017 converting 24 acres of cropland to permanent pasture at the Fitchburg-area farm his grandparents once owned. The farm is now owned by Oppermann’s parents.

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So far in the Pro Farmer’s crop tour (where they’ve gone thorugh Indiana, Nebraska and Illinois), yields are being pegged all over the place. Indiana is being put around a 161 bushels per acre mark, while Nebraska is showing around 173 bushels per acre.

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Steve Hyde of CHS Hedging said choppy trade is “likely to continue” with trade looking at crop results and weather.

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The lean hog market is technically oversold, holding a larger than normal discount to the cash market, The Hightower Report said.

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The upcoming days will feature a pair of livestock reports, as we will get the Cold Storage report on Thursday. Allendale is projecting 633.631 mln pounds of pork for the end of July, an 11 mln pound increase. Beef is estimated at 397.410 mln pounds, which would be 18% below last year’s mark, but a 3 mln increase from last month.

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“Lower prices may be needed to spur demand,” John Payne of Daniel’s Trading said. “The world has an abundance of exportable wheat and the competition between the EU/Ukraine and Russia is likely to keep prices low for the foreseeable future.”

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Packers “appear poised to make up for the lost production” with strong profit margins, in the wake of the closed packing house, The Hightower Report said. “This opens the door for a more normal trade and a more normal relationship between cash and futures.”

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Support for grains is being found in the ongoing Crop Tour, adding to concerns about the crop not being as good as the USDA is projecting. However, “traders are cautions, as higher trade overnight does not necessarily translate to day session gains,” Allendale said.

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LANCASTER, Wis. – The rolling hills of Lancaster were not always home to Stone-Front Farm. Elam and Barbara Buttles were managing a 70-cow dairy 14 years ago at the opposite side of the state in Racine County. Not exactly farm country, the location between Chicago and Milwaukee is better-suited for interstate traffic than dairy farming.

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