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New World Screwworm influence in the ag markets
The initial reaction in the ag marketplace to the first detection of New World Screwworm in a calf in south Texas in early June was a bit surprising to many market analysts. Generally, a negative headline can send the markets to the downside in a dramatic way, at least until the situation stabilizes and further information is digested. While the detection of NWS in the United States did send the cattle markets lower initially, there was almost an immediate bounce back for the prices and not a...
Supporters plot E15 strategy in the Senate
Supporters of year-round E15 gasoline sales are making another push in Congress, but significant hurdles remain before the measure can become law. Backers of the proposal are working to attach E15 language to a larger must-pass bill in hopes of advancing the policy...
Pork industry is optimistic despite trade limitations from pseudorabies
Strong export sales, particularly in Latin America, are contributing about $67 in value per every hog slaughtered and accounting for more than 30% of all U.S. pork production. U.S. Meat Export Federation (USMEF) Vice President of Economic Analysis Erin Borror said...
Growing crush capacity shifts soy demand priorities
For decades, one of the soybean industry's biggest challenges was finding new markets for soybean oil. Today, however, the conversation is changing. Growing demand from renewable diesel and other biofuel markets has helped create new opportunities for soybean oil,...
Swine industry remains cautious about NWS
Earlier this week, the USDA announced that there was an official detection of New World Screwworm (NWS) in the U.S. The pest was found in a three-week-old calf in South Texas. Since NWS is an indiscriminate parasite, all warm-blooded mammals are at risk of infestation...
Ag economy barometer drops in May
The Purdue University/CME Group Ag Economy Barometer dropped in May. Michael Langemeier, director of Purdue University’s Center for Commercial Agriculture, talked about the decline. Farmers appeared to be deeply concerned about current conditions. Langemeier said...
Recapping a disappointing week in the grain market trade
It has been a difficult week of trade in the grains and oilseeds markets to say the least. Corn and soybeans grinded lower to begin the week and then saw significant losses on Thursday and Friday. Matt Bennett is the CEO and co-founder of AgMarket.Net and he tells the...
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USMCA trade agreement vital to Iowa’s ag trade
The USMCA (United States–Mexico–Canada Agreement) is a free trade agreement between the United States, Mexico, and Canada. The agreement lasts for 16 years, with reviews every six years. With the July 1st renewal deadline drawing near Farmers for Free Trade held a...
IDALS issues guidance to protect animals from New World Screwworm
The Iowa Department of Agriculture and Land Stewardship (IDALS) issued the following guidance for livestock producers, pet owners, and veterinarians to help protect animals from the parasitic New World Screwworm (NWS) fly. The guidance comes after multiple cases of...
USDA reports new screwworm cases in Texas, New Mexico
Additional cases of New World Screwworm have now been confirmed in both Texas and New Mexico, prompting USDA to further expand its response efforts. During a briefing on Monday, USDA Secretary Brooke Rollins outlined the latest detections and provided an update on the...
Iowa livestock producers should be tracking NWS cases
Recently, New World Screwworm (NWS) was officially confirmed in the U.S. after it made its way closer to the border through Mexico. Now that it is in the U.S. cattle herd, we have also seen our first case of NWS in a different mammal- a dog in Lea County, New Mexico....
Secretary Rollins talks ag trade with lawmakers
The Agriculture Secretary Thursday discussed agricultural trade opportunities and gains with House Agriculture Committee members. Secretary Rollins began by touting trade deals that have been made by the current administration to increase U.S. farm and food export...
