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The Meat Demand Monitor and consumption trends
Kansas State University publishes the publicly available Meat Demand Monitor. Glynn Tonsor, a Kansas State professor and economist, says the monitor follows consumption trends and price expectations. He says pork consumers are a diverse group, and the Meat Demand Monitor helps to cast a wide net to capture consumer sentiment. The Meat Monitor and NPB Consumer Segmentation Study appear to support each other’s results. That’s Dr. Glynn Tonsor of Kansas State University. Google Meat Demand...
John Deere pleased with S7 combine performance this year
At Commodity Classic in March, we talked to Bergen Nelson at John Deere about their new S7 combines. These combines take the technology of the X9 and bring it to a smaller scale for smaller farming operations. Now, this fall, we have caught up with Bergen for his...
CLAAS innovating its forage technology to celebrate 50 years
This year marks 50 years of the CLAAS JAGUAR forage harvester, and they have spent the year celebrating by continuing to innovate. Next year will bring even more improvements, with an earlage adapter and an enhanced chopping drum. Daryl Theis, head of sales and...
How long will this time of low crop profit margins continue?
USDA is projecting that 2024 will be the second straight year of falling crop prices and slim profits. How long should farmers expect this trend to continue? USDA Chief economist Seth Meyer says that to break out of this negative pattern, the United States ag markets...
John Deere announces more Iowa layoffs
John Deere has another round of layoffs scheduled at its plant in Iowa. The facility in Waterloo Works, Iowa, is the company’s largest plant. The state’s Worker Adjustment and Retraining Notification, or WARN, website says the company will lay off more than 100...
House hearing focuses on improper labeling of dairy products
The Food and Drug Administration performs the critical task of providing consumers with clear nutritional information by enforcing labeling standards, but there is still work to be done on the misuse of terms on labels. Wisconsin Senator Tammy Baldwin said she’s...
Settling into a long-term period of low commodity prices
It’s no surprise to you that market prices for grains are low. They’re nowhere near what we enjoyed a few years ago. Many factors are driving this situation, but understanding them doesn’t necessarily make it any easier. The main question I Have been hearing farmers...
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A surprisingly active December WASDE report to end the calendar year
The December WASDE report, which is normally rather tame, was surprisingly active this time around. Allendale commodity broker Greg McBride said the numbers were almost definitively bullish for this month’s report. When you consider the fantastic demand for U.S....
Extension professionals getting their boots dirty to support farmers
The National Pork Board’s Swine Extension and Outreach Professionals Group is made up of university professors and-or extension professionals at U.S. colleges and universities. Sarah Schieck-Boelke, swine extension educator at the University of Minnesota, says this...
Grassley sees improved farm bill chances in next Congress
United States Senator Chuck Grassley (R-IA) says that a new Congress and unified party control should improve the chances of a new five-year farm bill in 2025. Grassley says that hardline GOP budget hawks in the House had an excuse this year not to give the Speaker...
USGC issues corn harvest quality report
The U.S. Grains Council’s 2024-2025 Corn Harvest Quality Report says the 2024 U.S. corn crop is projected to be the third largest on record with the highest 100-kernel weight in the history of the report. The 2024 crop also has lower broken corn and foreign material...
How long will beef prices ride this high?
Cattle prices have been riding a long high. It’s been amazing mainly because it’s during a time when the consuming public has been having their wallets stretched tighter. For some reason though, purchasers are still willing to pay higher prices on beef products. All...