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Federal Reserve is concerned about the Iran war’s impact on commodity markets
The war with Iran is causing upheaval in the commodity markets. The early volatility has seen an increase in the price of corn and soybeans, but it has also included sharp setbacks. Even more concerning is the risk presented to U.S. farmers and consumers as the conflict in the Middle East drives energy and fertilizer prices higher. During his press conference on Wednesday, Federal Reserve Chairman Jerome Powell says the impact is concerning. While oil price spikes immediately drove up headline...
Weather may be more impactful than Cattle on Feed report
Last week’s Cattle on Feed Report didn’t appear to be a market mover. Kyle Bumsted, a livestock market analyst from Allendale, said the report had a very neutral tone. Bumsted said there were signs of early heifer retention late last year, but that doesn’t appear to...
Economic issues impact small communities the hardest
Declining farm income, reduced equipment sales, rising inventory and financing pressures, and trade uncertainty all create ripple effects that impact farmers and the communities they are a part of. A recent hearing with the Senate Committee on Small Business and...
U.S. beef attracts global interest at Gulfood show
With support from USDA and the Beef Checkoff Program, the U.S. Meat Export Federation (USMEF) is promoting U.S. beef at Gulfood in Dubai, United Arab Emirates (UAE). Gulfood is one of the world’s largest annual food trade shows, attracting prospective buyers not only...
Cattle on Feed Report shows continuing tight supplies
USDA published the first Cattle on Feed Report of the year on Friday January 23rd with few surprises included. USDA livestock economist Michael McConnell says that tightening cattle and beef supplies were demonstrated in the numbers. McConnell says placements in...
U.S. soy exports continued growing in marketing year 2024-2025
The United States exported 68.7 million metric tons of U.S. soy, which included whole soybeans, soybean meal, and soybean oil, during the marketing year 2024-2025. That represents a 12.8 percent increase year-over-year and a 2.95 percent gain over the five-year...
Iowa farmers unlikely to see diesel relief from Venezuelan oil
Recent headlines surrounding Venezuela and its oil supply have raised questions across rural America, especially after the United States intervened in the country, removed a leader many viewed as a dictator, and announced it would temporarily control Venezuela’s oil...
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More Ag News
U.S. Export Sales Report (2-5-26)
The markets didn’t stay calm for long, as this was an extremely busy week for major ag news. While the weekly export sales weren’t huge, other news from the Trump administration had a massive impact on grain prices. Allendale commodity broker Greg McBride said this...
Representing the Iowa cattle industry at CattleCon
The cattle industry convention and NCBA trade show is in Nashville Tennessee this week and the Iowa Cattlemen’s Association is in attendance to represent Iowa’s producers. Bryan Whaley is the CEO of the ICA and says that Iowa’s producers and ICA staff are in Nashville...
Will the cattle cycle turn in 2026?
The CattleFax Outlook Seminar, held as a part of CattleCon 2026 in Nashville, Tennessee, said there are signals showing changes ahead in 2026. The U.S. cattle and beef industry enters 2026 with strong but volatile market conditions, as historically tight cattle...
Cutting nitrogen inputs without cutting yields
As input costs continue to rise, farmers are looking for ways to reduce costs while maintaining yields. Nitrogen is one of the costliest inputs, and fortunately there is a way to reduce the amount of nitrogen you apply without kneecapping your yields. Mark Peterson, a...
As Iowa farmers hold grain, crop protection continues
With grain prices under pressure and supplies heavy, many Iowa farmers are making the decision to hold grain in storage longer while waiting for better marketing opportunities. According to the USDA, ample production combined with softer demand has kept prices below...
