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December WASDE didn’t bring much for the grain markets
As expected, the December WASDE report did not bring much news for the corn and soybean markets to react to. The most significant change came to the corn carryout numbers, which caused the prices to move up slightly. Allendale commodity broker Greg McBride gave a breakdown of the numbers. McBride said this report will hopefully put a bottom in on the corn markets. Moving forward in the short term, McBride said there likely won’t be any huge changes to the market trends yet. Instead of USDA...
New research shows benefits of expanded ethanol access
If Congress passed legislation that allowed for year-round, nationwide access to E15 fuel, corn use in ethanol could increase by 50 percent at full implementation, supporting a higher market price for corn. New analysis from the National Corn Growers Association says...
Strong potential for U.S. beef and pork in UK
U.S. Meat Export Federation (USMEF) Chair-Elect Jay Theiler, executive vice president of corporate affairs for Boise-based Agri Beef Co., recently traveled to the United Kingdom on a trade mission with Idaho Governor Brad Little. Theiler said the group met with...
From Ames to Iowa City, everyone cheers for Iowa dairy
Fall is well known for its tailgating fun at sporting events across the country, and nowhere is that tradition stronger than right here in Iowa. Whether you are grilling up cheeseburgers outside Jack Trice Stadium or reaching for the ranch and blue cheese to go with...
Markets are looking for news as government shutdown persists
There’s no clear end in sight yet for this government shutdown, and the markets are desperately looking for news headlines to trade. While there are a few things worth looking at, there’s not much solid news to trade on even outside of government reports. Allendale...
AFBF asks Congress and White House for farm aid
Farmers and ranchers are facing extreme economic pressures. The overall U.S. farm economy is in very bad shape, and the long-term viability of the sector is in danger. Brian Glenn, director of government affairs for the American Farm Bureau Federation, said costs have...
AI in agriculture is here and assisting farmers each day
AI, or artificial intelligence, is beginning to be applied to agriculture in tangible ways that can assist farmers with day-to-day tasks. Heather Hampton Knodle, president of Knodle Farms in Illinois, recently spoke about AI at the Rural Economic Outlook Conference at...
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ICA responds to President Trump’s comments on the cattle industry
Yesterday, President Trump made a post to his Truth Social account regarding U.S. cattle producers and his plan to increase beef imports from Argentina in an effort to lower beef prices for consumers. The post is causing what the Iowa Cattlemen’s Association (ICA)...
FSA offices resume limited service during shutdown
Farm Service Agency offices are reopening on a limited basis despite the government shutdown. The USDA made this move despite the ongoing stalemate in funding the federal government. Brian Glenn, director of government affairs for the American Farm Bureau Federation,...
Grassley urges shift from temporary waivers to permanent E15 legislation
Sen. Chuck Grassley, R-Iowa is continuing to seek President Trump’s support of Grassley’s bipartisan year-round E15 legislation. Grassley says that at a time when farmers are set to receive aid because of the trade war and low prices for commodities, year-round E15...
Despite challenges, beef demand at 40-year high
For the past year, the drumbeat across cattle country has been lower herd numbers, market fluctuations and rising input costs. Total beef supply tightened by 3% and beef retail prices climbed to an average of $8 per pound. Yet consumer demand for beef surged to a...
Tariffs pressure sheep industry, but opportunities remain
Over the past week, we have been looking at how tariffs and trade disputes have affected several parts of American agriculture, from soybeans and pork to dairy. But those are not the only producers feeling the impact. The American sheep industry has also been caught...
