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Previewing the November USDA Cattle on Feed report
USDA will publish the November Cattle on Feed report on Friday November 22nd at 2pm central time. The monthly report offers data on the number of cattle on feed, placements in feedlots, and marketings. At this point in 2024 many analysts had expected to see the number of heifers retained for breeding begin to increase. That has not materialized in the latest Cattle on Feed reports and the beef cattle herd size remains historically low. Ross Baldwin is a hedging strategist with AgMarket.net and...
How will farm bill deliberations play out in 2025?
United States Senator Chuck Grassley (R-IA) is sticking with his prediction of another one-year extension of the 2018 farm bill as Congress runs short on time in 2024. Grassley says that a new five-year farm bill being completed after the elections and during a lame...
Farm Credit System income up seven percent to $5.91 billion
The Farm Credit System reported that combined net income was relatively stable at $1.98 billion for the third quarter of 2024, as compared with $2 billion for the third quarter of 2023. For the nine months ending on September 20, 2024, FCS’s combined net income...
Northern Iowa agronomist reviews 24 and previews 25
As harvest wraps up, we are taking stock of what we learned from this year. We are also having to make plans for 2025. With tighter profit margins, farmers have some very tough choices. Dekalb/Asgrow agronomist Rich Judge joins us in this featured conversation.
World Food Prize laureates receive their honor
World Food Prize week in Iowa culminated last Thursday with the award of what is considered the "Nobel Prize of Agriculture.” The laureate awards were awarded to two advocates of plant genetic diversity and global seed banks. World Food Prize Foundation President...
Farm loans soar as ag economy deteriorates
Farmers are taking out loans at a rate and scale not seen in years as weakened crop prices weigh on the agricultural sector, according to a report from the Federal Reserve Bank of Kansas City. The volume of new operating loans increased at its fastest pace since 2017,...
Rural Mainstreet Index showing lackluster results
The economy has been in a weird place. The DOW is strong, the dollar is strong, job numbers seem better than anticipated, and consumers are still paying for what they want. However, buying power is lower because prices are higher. Look no further than your local...
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U.S. Export Sales Report (11-7-24)
Strong export sales were reported again this week by the USDA. The hope is that these sales will continue past the week of the election. Allendale commodity broker Greg McBride gave an update on the latest numbers. Recent flash sales have actually lightened up a...
National FFA leadership team has wide variety of farm experience
Thirty-seven candidates vied for the honor of being elected to the 2024-2025 National FFA Leadership Team during the recent National FFA Convention. This year’s team has a wide variety of farm experience, but they all share a common passion for agriculture. Mary...
Soybean markets turning more attention to planting in South America
As harvest wraps up in the United States, oilseed markets are turning more attention to planting progress in South America. USDA Outlook Board Chairman Mark Jekanowski says the markets have a new focus. He says oil seed analysts and traders are paying close attention...
Treasury expands foreign land purchase oversight
The U.S. Treasury Department issued a final rule that significantly expands its ability to review real estate transactions by foreign persons near more than 60 military bases across 30 states. The Treasury, as Chair of the Committee on Foreign Investment in the United...
Is Ag in a recession? It depends on who you ask
We talked earlier in the week about the October Rural Mainstreet Index numbers being less than stellar. But what does that mean for the Ag industry? It all depends on who you ask. Most economists agree that things are slower and more sideways than in recent years, and...