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South American Weather and Crop Update (2-3-26)
The South American weather forecast has flipped from its usual pattern. Allendale commodity broker Greg McBride said the nearby forecast is now lacking rain. McBride said the longer-term forecast has the rains they are looking for. McBride added that harvest progress is continuing to move along at a good pace in Brazil. The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
Dairy checkoff partnership brings hot chocolate to schools
A dairy checkoff partnership is putting hot chocolate milk into the hands of students during a pilot with a leading school foodservice company. National Dairy Council and Chartwells K12, which serves more than two million meals daily at 700 U.S. school districts, have...
Chief Ag Negotiator says Ag Trade “has gone well” the past years
The ups and downs of trade these past few years have been at the forefront of the market prices, and the Ag economy. We have enjoyed higher prices for our goods, but that also means that our goods are expensive on the global market, and we are having to fight for our...
Overcoming trade barriers to expand U.S. beef trade
U.S. Agricultural Negotiator Doug McKalip told the National Cattlemen’s Beef Association at the group’s CattleCon 24 that doing away with non-tariff trade barriers means that face-to-face talks need to happen with some of the U.S.' biggest trading partners. McKalip...
U.S. Export Sales Report (2-9-24)
A lot of the buzz yesterday was focused on the February WASDE, but we saw the release of the weekly export sales as well. Now, the report didn’t contain any real market movers, but it’s still important to keep an eye on the export situation. Allendale commodity broker...
Farmers encouraged to attend Iowa Farm Bureau’s conference
Beginning farmers know the substantial initial investment it takes to farm, and those who currently farm are facing a projected 25% cut in their net farm income compared to last year. These situations have prompted interest in niche opportunities that require less...
Net farm income forecasted to see a record-setting decrease in 2024
The Economic Research Service forecasts that farm income will decrease by 25 percent in 2024. Danny Munch, an economist with the American Farm Bureau Federation, said it’s the largest year-to-year dollar decrease in net farm income on record. Munch said there are two...
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Smithfield foods closing its Altoona Iowa facility
Smithfield Foods will close its Altoona, Iowa, ham boning facility and consolidate the production volume at other locations to improve the efficiency of its manufacturing platform. Smithfield says it will provide transition assistance to the 314 employees at the...
July weather forecast for the Midwest and Corn Belt
With July a critical month for crop growth in Iowa, growers have their eyes fixed on the latest weather forecasts in hopes of timely rains for their crops. USDA meteorologist Brad Rippey says a cooler trend is in store for parts of the Midwest and Corn Belt to begin...
Cover Crop Business Accelerator from PFI and ISA celebrates 5 years
Practical Farmers of Iowa and the Iowa Soybean Association offer their Cover Crop Business Accelerator (CCBA) program to support cover crop adoption in the Midwest. The program is now in its fifth year, and it helps new and emerging cover crop businesses with the seed...
Class III milk futures likely to see continued choppiness
The Class III milk market has experienced significant volatility recently, with prices fluctuating and market participants seeking clear direction. Kathleen Wolfley, an agriculture broker with Ever.Ag, provided insights into the current dynamics and future outlook for...
Independence Day means so much more than a day off
Today, as most of us enjoy a day off work, we should take the time to reflect on what the 4th of July means. 248 years ago, men from across a fledgling nation sat in a small room in Philadelphia and found a way to put aside their differences and come to an mutually...
