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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...
Adding value to the U.S. pork industry through innovation
Research-backed innovation uses technology, consumer trends and cuts to add value to the product. Kevin Sheehan, director of processor engagement at the National Pork Board, said innovation has been very beneficial to the packer side of the industry. Sheehan said...
Tractor manufacturers slow production as demand declines
As farmers struggle with low crop prices, relatively high interest rates and increased input costs, fewer are making big-ticket purchases like tractors, combines and farm implements, resulting in a backlog of inventory across the globe. Machinery manufacturer AGCO has...
What would a major animal disease response look like?
We talk at length about the diseases that affect the livestock industry, whether it is H5N1, PRRS, or BRD. One of the things we have been blessed to not discuss, though, is African Swine Fever (ASF) or any other foreign animal disease (FAD) of that caliber. We know...
South American Weather and Crop Update (11-12-24)
The rainy monsoon season is continuing to bring plenty of moisture to the fields in South America. Allendale commodity broker Greg McBride gave an update on the conditions in Brazil and Argentina. McBride said planting progress is continuing at a good pace as well....
Ag exports dropped slightly in FY 2024
Fiscal year 2024 ended September 30th and the final fiscal numbers of the year are now available. Total exports for the year were $174.4 billion dollars, which was slightly better than expectations. However, USDA economist Bart Kenner says export values were still...
AFBF announces first Veteran Farmer of Excellence award
A new award recognizes veterans or service members for excellence in farming and positively impacting their communities. Retired Army Colonel Joe Ricker of Indiana is the first winner of the American Farm Bureau’s Veteran Farmer of Excellence Award. Ricker served 30...
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Pork industry navigating the changing regulatory environment
The political winds in Washington D.C. are shifting after the November elections, what does that mean for policy as it affects the pork industry? Lori Stevermer is the President of the National Pork Producers Council and she says that with government leadership...
Mississippi River low during harvest for third straight year
The Mississippi River is experiencing an unwelcome three-peat with low water levels during harvest season. The “Mighty Mississip” experienced low water in both 2022 and 2023 and now once again this harvest season. Charts from the U.S. Geological Survey show...
Plenty of uncertainty in ag economy heading into 2025
2024 has been challenging for farmers and the agricultural sector. Dave Widmar, economist and managing partner with Agricultural Economic Insights, said 2024 has been full of twists and turns. Widmar said there have also been changes in the overall U.S. economy. While...
What is the outlook for meat exports in 2025?
We have had a solid year, once again, for red meat exports in 2024. Many folks are working hard behind the scenes to sustain and strengthen our existing markets and putting the same efforts into cultivating new trade opportunities around the globe. The U.S. Meat...
Biologicals provide most benefit for producers with a supplemental approach
The biological market has expanded very quickly in recent years and biological companies are striving to demonstrate their value to producers as part of a supplemental crop plan. Brent Lackey is the head of biologicals product marketing with Syngenta and he says that...