Top Stories
Chinese trade deal framework may not be as bullish as it seems
With the lack of government reports we’ve seen during the shutdown, the ag marketplace is desperately searching for any news to react to. The Chinese trade deal framework provided a decent shot of energy to the market prices, but the deal may not be as bullish as it seems. Allendale commodity broker Greg McBride said it would be difficult for China to follow through on some of their commitments within this deal. Additionally, it will still be difficult for the U.S. to compete with Brazil since...
Pork Checkoff rates may be lower, but mission remains the same
The Pork Promotion, Research, and Consumer Information Act mandates the Pork Checkoff. It requires a promotion fee to be collected any time a hog is sold. The rate had been 40 cents per hundred dollars, but a vote earlier this year reduced that rate to 35 cents per...
FSA Emergency Relief Program Phase 2 being worked out
Farmers have to deal with many unknowns when they put in the crop each year. That is why they purchase crop insurance and take advantage of programs from the United States Department of Agriculture (USDA) to help them in times of need. The Federal Government has...
Rabobank: Fertilizer prices lower in 2023
Fertilizer consumption suffered in 2022 due to market volatility and record-high prices. However, a new Rabobank report says a recovery in consumption is possible in some regions next year, with fertilizer prices lowering and commodity prices at historically high...
South American Weather and Crop Update (12-6-22)
The weather in Brazil is still looking good, and the weather in Argentina is still dry. Allendale commodity broker Greg McBride provided an update on the latest weather patterns down in South America.McBride said that the stellar weather in Brazil could produce a...
Merck Animal Health advancing animal care with greater focus on technology
As more of a biopharma company, Merck Animal Health is always focused on the wellbeing of livestock. Recently, Merck has taken that goal even further by placing a greater emphasis on creating new technologies that can detect illnesses in advance and allow farmers to...
Grassley gives update on workforce modernization act discussion in U.S. Senate
Labor shortages have been a critical issue in the agriculture sector in recent years.On his weekly conference call on Tuesday, Iowa U.S. Senator Chuck Grassley was asked about the Farm Workforce Modernization Act. The act has passed the House of Representatives twice...
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U.S. pork and beef exports gaining momentum
Led by another outstanding month in Mexico and robust demand for variety meat, exports of U.S. pork continued to gain momentum in May, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). USMEF President and CEO Dan Halstrom said...
World Dairy Summit returns to the USA
There are many countries that produce dairy in the world, and even though we compete, there are common issues that need to be talked about. This is why events like the World Dairy Summit are important. This year?s summit is returning to the United States, and there...
U.S. Export Sales Report (7-7-23)
This week?s export sales were an improvement on what we?ve seen lately, but there?s still no support for the old crop market. Allendale commodity broker Greg McBride provided a breakdown of this week?s U.S. Export Sales Report.McBride added that there have been some...
EPA is leaving potential carbon reductions on the table
Growth Energy, the nation?s largest biofuels trade association, recently submitted comments to the EPA on its proposed tailpipe emissions standards for light- and medium-duty vehicles for model years 2027 through 2032. Growth Energy CEO Emily Skor said the proposal is...
More options for Iowa?s beef producers
Senator Chuck Grassley (R-IA) says that in meeting with Iowans on his 99-county tour, he has heard many concerns about consolidation in the beef processing industry and its effect on Iowa producers.USDA recently announced it will award $25 million towards the...
