Top Stories
Soybean marketplace remains quiet despite positive export news
Despite good news for the soybean complex in terms of export demand this week, the markets have not responded with bullish price movement. China has secured at least seven million tons of U.S. soybeans after multiple purchases during the past two weeks. That puts China over halfway towards the 12-million-ton purchase agreement the country made with the United States. Matt Bennett is the CEO and co-founder of AgMarket.Net and he says that despite the good news for the soybean complex, traders...
Low demand hurting dairy so far in 2024
The dairy industry just seems to never be able to catch a break these past few years. Regulations, trade disputes, labeling products that aren’t dairy as though they were, and the list goes on and on. As we move through these first three months of 2024. We see that...
South American Weather and Crop Update (3-12-24)
Drier weather in Brazil is providing less-than-ideal conditions for the safrinha crop that has been planted so far. Allendale commodity broker Greg McBride gave an update on the latest South American weather patterns. On the other hand, that dry weather is allowing...
Tyson Foods to close Perry pork packing plant
Tyson Foods has signaled that it will permanently close its pork packing plant in Perry in late June. Tyson is the biggest employer in the city of Perry and the closing of the facility will leave 1,276 plant workers without jobs. The Worker Adjustment and Retraining...
USDA finalizes “Product of the USA” labeling rule
The Department of Agriculture this week finalized a rule related to voluntary labeling claims of ‘Product of the USA.’ USDA’s final ‘Product of the USA’ rule will allow farmers to label meat, poultry, and egg products when they are born, raised, and processed in the...
Crop insurance deadline nears
Farmers not yet enrolled in the Agriculture Risk Coverage or Price Loss Coverage programs for the 2024 crop year have until March 15, 2024, to revise elections and sign contracts. Both safety net programs, delivered by USDA’s Farm Service Agency, support to farmers...
Effects from cattle losses in Texas wildfire could be felt for a while
Wildfires in Texas have been burning for some time. Even with the fire reported to be over 70% contained, the loss of property and life is terrible. Cattle spread across both of those spectrums. While they are livestock property of ranches, they are also lives being...
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More Ag News
How high can steer prices climb?
Despite very low overall numbers of beef cattle in the country, United States beef producers have continued to produce more beef than analysts expected. Here is USDA Chief Economist Seth Meyer. That contraction taking place from 2024 to 2025. Meyer continues by saying...
Pork producers make a big impact in international markets
The U.S. Red Meat Symposium took place in Mexico City last month. Pat Bane, board member of the National Pork Board, said they toured different types of consumer markets. Bane visited Mexico City to represent U.S. Pork at the US Meat Export Federation inaugural event....
EIA: SAF production capacity will continue to grow
The Energy Information Administration is predicting the production capacity of sustainable aviation fuel in the U.S. to increase from 2,000 barrels a day to 30,000 barrels a day this year. That’s if all announced capacity additions manage to successfully come online....
ISU studying HPAI in raw milk
A recent study at Iowa State University investigated how Highly Pathogenic Avian Influenza (HPAI) is being detected in raw milk. Dr. Rahul Nelli of the ISU Veterinary Diagnostic Laboratory talked with us about the collaboration that went into this project. Nelli gave...
Holding old crop grain could be “playing with fire”
We are unofficially halfway through the growing season, and we will be harvesting before we know it. Before we start, there are a few decisions that must be made. One is dealing with any old crop grain you still have in the bin. The quarterly grain stocks report at...
