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South American Weather and Crop Update (6-23-26)
Once again, the weather forecasts in South America are leaning more towards drier weather. Allendale commodity broker Greg McBride said both Brazil and Argentina should see a lack of rain. McBride said that, once the El Nino weather pattern kicks in more, South America could see even more dry weather. Right now, however, the dry weather won’t impact much directly, as both Brazil and Argentina are going through harvest. McBride said harvest in Brazil is still in the very early stages. McBride...
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...
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...
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More Ag News
New World Screwworm prompts vigilance, not panic
The confirmation of New World Screwworm cases in Texas and New Mexico has put cattle producers across the country on alert. However, veterinarians and livestock industry leaders say producers in the Midwest should remain vigilant without overreacting. New World...
President Trump says he is “not looking to renew” USMCA
Speaking at the White House today, President Trump stated that he is not looking to renew the U.S.-Mexico-Canada Agreement, saying that “we don’t need anything that Canada has, we don’t need anything that Mexico has.” However, this statement comes as the ag industry...
Concerns rising as U.S. oil reserves decline
While still elevated, oil prices have dipped slightly, well off the high-water mark we saw back in April. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, says there are several things helping oil prices. Oil prices are also being helped by China,...
Congressman calls for quicker ARC, PLC Payments
House Ag Committee Republican Rick Crawford asked for support from USDA Secretary Brooke Rollins at a recent hearing to help speed up ARC and PLC payments. Arkansas Representative Rick Crawford says that payments can sometimes be delayed by up to a year. Crawford told...
Work underway on a year-round E15 bill in the Senate
Efforts to secure year-round nationwide sales of E15 ethanol fuel remain active in the U.S. Senate, offering renewed hope for corn growers seeking expanded demand for their crop. Senate Majority Leader John Thune of South Dakota said that lawmakers are working on new...
