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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 caution is also showing up in investment behavior. Breakeven prices are expected to climb in 2026. About two-thirds of producers in the survey say they expect war in Iran to impact their bottom lines this...
U.S. Export Sales Report (5-14-26)
This week’s export sales were mostly a repeat of recent trends once again. However, there were a few notable differences. Allendale commodity broker Ben Breisch said old crop corn sales were lacking, but that market has been so strong recently that this is a minor...
Latest Cattle on Feed Report hints at minor herd rebuild
April’s USDA Cattle on Feed Report provided a breakdown of steers and heifers on feed with heifers falling to 37 percent of the total on-feed inventory. Typically, this is the initial signaling of herd rebuilding. ShayLe Stewart, a livestock market analyst with DTN,...
Year-round E15 passes House by the skin of its teeth
After years of delays, temporary waivers, court battles, and political fights, the U.S. House approved nationwide year-round E15 legislation Wednesday evening, though not without another dramatic procedural showdown along the way. The House passed the measure by a 218...
South American Weather and Crop Update (5-13-26)
Despite weather concerns for the crops in Brazil, the USDA increased the crop projections for both Brazil and Argentina in the latest WASDE report. Allendale commodity broker Greg McBride said he was expecting to see a cut to the Brazil crop, which is still possible...
Farm Bureau leader sounds alarm on fertilizer prices
As planting season is in full swing across the country, fertilizer prices are burdening farmers and ranchers. Kentucky Farm Bureau president Eddie Melton spoke to the Senate ag committee Tuesday and expressed his concerns. Melton said there are actions Congress can...
Previewing President Trump’s visit to China and ag trade topics
United States President Donald Trump and Xi Jinping, the President of China, are scheduled to meet this week in Beijing. The meetings will take place on May 14th and 15th with the two sides expected to discuss trade and tariffs, the conflict in Iran and the Strait of...
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More Ag News
Meat demand is rising even as prices climb higher
As the summer grilling season kicks off, consumers may find higher prices at the meat counter. However, those prices might not reduce demand. Bernt Nelson, an economist with the American Farm Bureau Federation, said consumers are eating more meat than ever before as...
South American Weather and Crop Update (5-19-26)
After several weeks of dry weather that started to raise concerns over crop conditions, farms in Brazil finally found some relief in some timely rains. Allendale commodity broker Ben Breisch said that rain may have still come in a little too late, however. Breisch...
Grassley discusses what’s next for farm bill in the Senate
United States Senator Chuck Grassley (R-IA) says there is little room for bargaining in the Senate on a key farm bill demand from Democrats. Grassley says that Senate Ag Democrats are asking for too much in farm bill negotiations. Grassley argues that forcing states...
Right-to-repair settlement gets preliminary approval
A federal court has granted preliminary approval to John Deere’s proposed $99 million antitrust settlement involving farmer right-to-repair lawsuits. DTN said that clears the way for producers to review or challenge the agreement before final approval later this year....
NCBA says Prop 12 language critical for cattle producers
The National Cattlemen’s Beef Association says language dealing with California’s Proposition 12 law has become one of the most important livestock issues tied to the Farm Bill debate in Washington. During the recent NAFB Washington Watch event, NCBA’s Sigrid Johannes...
