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South American Weather and Crop Update (6-9-26)
While drier conditions still remain in South America, recent rainfall has caused a notable improvement. Allendale commodity broker Greg McBride gave an update on the latest forecasts for Brazil and Argentina. Currently, farmers in Brazil just wrapped up first crop corn harvest and are waiting to start on the safrinha crop. McBride said harvest is almost finished for the crops in Argentina as well. Here in the U.S., the grain markets are looking ahead to this month’s WASDE report, which will...
U.S. pork preferred by Mexican consumers
Mexico is a leading market for U.S. pork exports. According to Courtney Knupp, Vice President of International Market Development for the National Pork Board, the cultural connection to pork in Mexico is deeply rooted in family gatherings, which often revolve around...
A Teddy Bear of a Super Bull
Teddy Bear is the big bull of the 2024 Iowa State Fair, weighing in at 3,064 pounds and earning the win in the Super Bull Contest. The purebred Simmental bull was the heaviest of the three bulls competing and is now on display at the entrance to the Cattle Barn for...
Weekly crop progress and condition report
Iowa Secretary of Agriculture Mike Naig commented on the Iowa Crop Progress and Condition Report released by the USDA National Agricultural Statistics Service. The report is released weekly April through November. Additionally, the Iowa Department of Agriculture and...
Iowa Turkey celebrating new look and new menu items
The Iowa Turkey Federation Grill has been a go-to destination for hungry fairgoers for over four decades. They have been offering their traditional staples of a smoked turkey leg and a turkey tenderloin sandwich plus mixing in some new foods here and there. This year...
Iowa Dairy royalty wrapping up a year of representing the industry
With their year of service wrapping up this State Fair, we talked with the Iowa Dairy Princess and Iowa Dairy Princess Alternate about their experience. Ashley Elsbernd served as the 70th Iowa Dairy Princess this past year. We spoke to Ashley about her background in...
August WASDE keeping soybean prices under heavy pressure
An increase in bean acres along with high carryover values and yields has caused the soybean market to lurch lower again today. Allendale commodity broker Greg McBride said that, while the beans were poor, the corn had a positive report. The beans have not been...
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More Ag News
Lock in prices now for next year’s crop products
At this time of year, many farmers are making financial plans for the next crop season. It’s a good time to lock in some prices on inputs, especially since we can see some volatility in the global marketplace. Vince Restucci, market segment manager with Valent, said...
Mexico GMO corn ban found to violate USMCA
This year will end on a high note for U.S. corn growers as they take a victory in the trade dispute with Mexico. In February 2023, the Mexican government put out two decrees that dealt with corn imports from the U.S. Dave Salmonsen, senior director of government...
Margins improving for many hog producers
On Monday USDA published the latest quarterly hogs and pigs report. Based on the numbers from the quarterly report, hog producers are maintaining balance between production and demand. USDA livestock analyst, Michael McConnell says that margins improved for producers...
U.S. cattle on feed down slightly
Cattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 head or more totaled 12 million head on December 1, 2024. That inventory level was slightly below December 1, 2023. Placements in feedlots during November...
Argentina sees more soybeans this year
We watch what happens with our neighbors in South America regarding crop production and its effects on our markets. Brazil is the largest soybean producer and exporter in the world, and Argentina is one of our largest corn competitors. Their production capabilities...
