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South American Weather and Crop Update (7-21-26)
Not much has changed in the weather patterns for Brazil and Argentina, as the conditions are still defined by a lack of rain. Allendale commodity broker Greg McBride gave an update on the latest forecasts for Brazil and Argentina. While the dry weather normally allows harvest to move along quickly, McBride said progress on the Brazil safrinha crop is actually behind last year’s pace. McBride said harvest progress in Argentina is far enough along that most concerns are behind them. The team at...
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...
Recapping a disappointing week in the grain market trade
It has been a difficult week of trade in the grains and oilseeds markets to say the least. Corn and soybeans grinded lower to begin the week and then saw significant losses on Thursday and Friday. Matt Bennett is the CEO and co-founder of AgMarket.Net and he tells the...
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More Ag News
Swine industry is combatting misinformation about California Prop 12
True animal welfare starts with supporting hog producers, not creating legislation to impede their ability to raise their livestock. As swine industry leaders push to get legislation to nullify California Proposition 12 on the Senate version of the farm bill, another...
Grassley discusses the USMCA ahead of July 1st review
Last week President Trump said that he does not plan to renew USMCA (U.S.-Mexico-Canada Agreement) ahead of its mandatory July 1 review. On Tuesday United States Senator Chuck Grassley (R-IA) was asked about the president’s comments and whether Grassley and other...
U.S. Senators call for more action against NWS
A bipartisan group of U.S. senators is urging the USDA to take additional steps to contain the growing New World Screwworm outbreak in the U.S. The lawmakers, led by Senator Amy Klobuchar of Minnesota, sent a letter to USDA expressing concern about the threat the...
USDA reports mixed red meat exports for April
USDA data release compiled by the U.S Meat Export Federation (USMEF) seemed encouraging for U.S. pork exports as a strong momentum was maintained throughout April. USMEF President and CEO Dan Halstrom reports an 8% increase in pork exports consequent to the growth in...
George Washington’s cherries reveal agricultural legacy
The story of George Washington and a cherry tree has long been part of American folklore. While historians have dismissed that tale as fiction, a recent discovery at Mount Vernon has revealed a very real connection between the nation's first president and the fruit he...
