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When rebuilding the herd, quality must be the focus
For the Angus cattle industry, business has been very good recently. Casey Jentz, Chief Operating Officer at the American Angus Association, says that Angus currently have 80 percent of the market share in the commercial space. He adds that if Angus ranchers could produce more product, they would sell more. Jentz says that a focus on quality genetics has led to a great product, and that focus on genetics will be key as the industry tries to rebuild the national herd. Jentz says it’s important...
Fertilizer price probe opens as farm margins tighten
The Federal Trade Commission has opened an industrywide investigation into fertilizer prices after sharp increases during spring planting. Reuters reported that FTC Chairman Andrew Ferguson said the agency is using civil investigative demands to gather documents and...
USMEF says African Growth and Opportunity Act could help create trade access
The Africa Growth and Opportunities Act (AGOA), which was created to incentivize two-way trade between the U.S. and sub-Saharan African countries, allows the president to offer duty-free access to certain nations. However, some of the countries benefitting from AGOA...
Interior official highlights ranchers’ stewardship role
When I was in Washington, D.C. recently, I had the opportunity to speak with Karen Budd-Falen, Associate Deputy Secretary at the Department of the Interior, about several issues affecting western livestock producers. One topic that generated significant discussion was...
Grain markets could see another price rally in June
After making recent highs, the corn and soybeans prices have been somewhat in the red, leading some farmers to wonder if they missed out on potential profits. However, they may have another chance to take advantage of a price rally. Micheal Weidner, director of grain...
U.S. Export Sales Report (5-29-26)
This week’s export sales were on the lower end for both corn and soybeans. However, Allendale commodity broker Greg McBride said the corn sales are still at elevated levels. McBride said that the soybean sales, on the other hand, are still lagging behind. McBride said...
Domestic food trade shows open foreign market opportunities
A recent food trade show in Chicago illustrates the importance of such events in promoting U.S. farm and food goods to customers from across the globe. USDA Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg says that there are other ways to...
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Supporters plot E15 strategy in the Senate
Supporters of year-round E15 gasoline sales are making another push in Congress, but significant hurdles remain before the measure can become law. Backers of the proposal are working to attach E15 language to a larger must-pass bill in hopes of advancing the policy...
Pork industry is optimistic despite trade limitations from pseudorabies
Strong export sales, particularly in Latin America, are contributing about $67 in value per every hog slaughtered and accounting for more than 30% of all U.S. pork production. U.S. Meat Export Federation (USMEF) Vice President of Economic Analysis Erin Borror said...
Growing crush capacity shifts soy demand priorities
For decades, one of the soybean industry's biggest challenges was finding new markets for soybean oil. Today, however, the conversation is changing. Growing demand from renewable diesel and other biofuel markets has helped create new opportunities for soybean oil,...
Swine industry remains cautious about NWS
Earlier this week, the USDA announced that there was an official detection of New World Screwworm (NWS) in the U.S. The pest was found in a three-week-old calf in South Texas. Since NWS is an indiscriminate parasite, all warm-blooded mammals are at risk of infestation...
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...
