Top Stories
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, which, over the past couple of months, reduced its import consumption dramatically, falling from 11 million barrels of oil a day before the war to a little over nine million barrels in April. DeHaan added that those numbers could drop...
Grassley speaks about the headwinds facing the ag economy
The United States agriculture economy is facing numerous headwinds as the final quarter of the year approaches. Commodity prices are on the decline year over year, USDA is forecasting a record ag trade deficit, ag equipment manufacturers are laying off workers, and...
Sama, Seymour tryout for ‘Purchase Moore Hamann Bacon’ campaign
Iowa State sophomore running back Abu Sama III and freshman offensive lineman Isaiah Seymour became the first students to participate in tryouts to join the popular ‘Purchase Moore Hamann Bacon’ initiative. The campaign is part of an innovative promotional agreement...
Syngenta ready to fight SDS & SCN with Victrato®
We often say that farmers need multiple tools in their toolboxes to take on weeds, pests, and diseases. It takes time to get new products, treatments, and hybrids through the pipeline. Many trials must be run before it can be submitted for approval by the EPA and...
Grassley says farm bill score shouldn’t undercut new farm bill
The House GOP farm bill may cost more than it was originally funded, but Senator Chuck Grassley says that should not be a ‘showstopper.’ United States Senator Chuck Grassley (R-IA) agrees the Congressional Budget Office farm bill’s final score of $33 billion over...
Weekly corn, soybean export sales surge
Sales of corn and beans for delivery in the 2024-2025 marketing year, which starts on September 1, jumped during the week ending on August 22. The Ag Department says corn sales in those seven days were reported at 1.49 million metric tons, up from 1.29 million a week...
Latin American buyers tour meat industry in Nebraska
The U.S. Meat Export Federation (USMEF), with support from the National Corn Growers Association and the South Dakota Soybean Checkoff, brought importers from Mexico and Central and South America to the University of Nebraska-Lincoln for a global meat processing...
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More Ag News
Long-term contract reached for East and Gulf Coast ports
On Wednesday night, the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced that they reached a tentative agreement on all items for a new six-year master labor contract covering ports on the East and Gulf Coasts. The...
Farmers may shift grain acreage in 2025
Early indications are that U.S. farmers will increase planted grain acres this year despite continuing low prices. That’s according to a survey done by Farm Futures magazine. In the survey conducted in December, farmers in major corn-producing states seem swayed by an...
America’s farms and ranches at a glance
USDA’s “America’s Farms and Ranches at a Glance” report studies many categories of the American farm. One of those categories is farm income. One of the report’s authors, Katherine Lim, discusses some of the 2023 farm income trends. She expands on the negative farm...
USDA FAS leads successful trade mission to Morocco
The USDA’s Foreign Agricultural Service led a trade mission to Morocco on the African continent in early December. FAS Administrator Daniel Whitely says the mission was a big success. Morocco has a large livestock industry, so they need a lot of feed for their...
National Pork Board marketing to a new brand of customer (Pt2)
Yesterday, we discussed the work being done by the National Pork Board (NPB) to change its marketing approach as we work to inform a new generation of consumers. The goal is to work closely with dieticians and medical professionals to highlight how pork is part of a...
