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South American Weather and Crop Update (5-13-26)
Despite weather concerns for the crops in Brazil, the USDA increased the crop projections for both Brazil and Argentina in the latest WASDE report. Allendale commodity broker Greg McBride said he was expecting to see a cut to the Brazil crop, which is still possible for the next WASDE report. McBride said the Brazilian forecast still contains plenty of dry weather. At the very least, the dry weather in South America is allowing for harvest progress to continue. The team at Allendale can be...
Farm production expenses rise again, net cash income drops
Farm production expenses are up again, and net cash farm income is down. However, there is still some good economic news as 2023 moves towards the finish line. Farm production costs are forecast to jump another three-and-a-half percent this year, with interest and...
Iowa Corn sponsors first NASCAR cup race in the state
The Iowa Corn Growers Association is proud to be a partner for the first-ever NASCAR Cup Series race in the state. The “Iowa Corn 350, Powered by Ethanol” will showcase ethanol’s performance at the fastest short track on the planet, which is surrounded by corn fields....
Propane supplies highest in half a decade
We have talked at length about the warm weather and the long fall, and the benefits it has given us for getting crops out of the field and fertilizers applied for next spring. One of the other aspects of the weather that is benefitting us is the lower demand for...
Butcher shop program promotes U.S. red meat in Colombia
With support from USDA, the National Pork Board and the Beef Checkoff Program, the U.S. Meat Export Federation helps Colombian butcher shops more effectively merchandise U.S. red meat. USMEF Latin America Representative Homero Recio said the butcher shops play a key...
Confluence of factors has led to frustrating year for hog producers
2023 has not been smooth sailing for anyone in the hog production industry. From increased production costs, to demand factors still affected by the lingering effects of the Covid pandemic, and policy decisions that mandate how hogs are raised there have been a lot of...
What’s real in regard to Iowa Land Values?
Some eye popping sale prices for land in the State of Iowa, no question about that, including a record set above $30,000. Yet what’s the average and how does that impacts most of us in a more realistic situation? Great question, so I asked it of Fallon Savage with...
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More Ag News
Livestock groups pushing for more traceability options
As we face threats from foreign animal diseases worldwide, livestock groups are working hard to improve the traceability of where animals have been moving around the country. This information helps detect disease origins and helps us to contain problem areas quickly....
USDA report shows export values falling, import values rising
The United States Department of Agriculture recently released its new forecast for agricultural trade for the year 2024. USDA Chief Economist Seth Meyer says the forecast for exports shows a downward trend compared to last year. The report calls for import numbers to...
Land O’Lakes donates 40,000 pounds of mac & cheese to Food Bank of Iowa
Yesterday, Land O’Lakes donated over 40,000 pounds of LAND O LAKES® Macaroni & Cheese to the Food Bank of Iowa in order to help combat food insecurity across the state. The donation was made through the Land O’Lakes First Run Program and will provide over 33,500...
USB challenges young innovators to create soy-based textiles
The Soy Checkoff recently engaged students across the country to create the next great innovation in soy-based textiles through the NEXTILE Design Challenge. United Soybean Board Director Carla Schultz was a judge during the challenge and said the future of the...
Renewable diesel production surpasses biodiesel
The Renewable Fuel Standard mandates that a specific volume of certain biofuels be used each year in transportation fuel. One category of biofuels in the mandate is biomass-based diesel. For many years, biodiesel filled that part of the mandate. Biodiesel production...
