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September WASDE leaves analysts scratching their heads
This month’s WASDE report was not as friendly as projected, but the markets still moved higher to end the week. A few factors, including the recent end of the old crop marketing year, may be influencing the markets in confusing directions. Allendale commodity broker Greg McBride said a deep dive into the report shows why the markets may have moved the way they did. McBride said the USDA is likely factoring in the China trade situation for the soybean adjustments. McBride also noted that the...
U.S. Export Sales Report (11-3-22)
Not much excitement in this week?s export sales. The corn and soybean numbers were both neutral, and the only disappointment came from soybean meal and oil sales. Allendale commodity broker Greg McBride provided a breakdown of this week?s U.S. Export Sales Report.Once...
Annual dairy discussions seminar to focus on cybersecurity for farmers
ORANGE CITY, Iowa - The Iowa State University Extension and Outreach Dairy Team will host its annual Dairy Discussions Seminar on Thursday, Dec. 1 from 10 a.m. to 2 p.m. at the ISU Extension and Outreach Sioux County Office in Orange City.This year?s focus is on...
Supply and demand driving gas and diesel price differences
The price difference between diesel and gas has many scratching their heads. On October 31, the average diesel price was $5.32 per gallon, while the average gas price was $3.86. American Farm Bureau Federation Senior Economist Veronica Nigh sums it up as an issue of...
Markets still walking a steep ledge in a strong wind
Looking at the market screen during the writing of this article, I am seeing a lot of red in the grain markets. Lower prices are nothing new in the marketplace. We all know that what goes up usually comes down. However, in the current economic climate, the trip down...
Precision Agriculture Loan Program Act aims to get new technology out to farmers
In September, we had the Farm Progress Show in Boone. The event was a great showcase of the advancing technologies in the ag industry, but even with all of that new equipment, one issue remains: how do we get it into the hands of farmers? Iowa 4th District Congressman...
USDA investing in strengthening supply chain and improving processing capacity
Agriculture is built upon our rural communities. As such, the U.S. Department of Agriculture (USDA) is aiming to increase business opportunities in those communities by leveling out the playing field for producers. U.S. Ag Secretary Tom Vilsack announced that the USDA...
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Exports providing optimism for red meat industry
While the U.S. red meat industry is facing challenges in 2023, exports provided some optimism at the U.S. Meat Export Federation Spring Conference in Minneapolis. Mexico tops the list of export markets where beef and pork purchases have continued to grow this year....
Bureau of Land Management?s proposal raises concerns
The Bureau of Land Management?s recent conservation proposal would be a major shift in public land management. Shelby Hagenauer, American Farm Bureau Federation Senior Government Affairs Director, said the proposal could change the way farmers and ranchers operate in...
Debt deal could mean little new farm bill money
The United States has never defaulted on its debt but time appears to be running out for both sides of the aisle to come together on a debt limit deal. United States Treasury Secretary Janet Yellen says that by June 5th the United States will reach its debt limit...
Former House Ag Chair Peterson says Farm Bill can be extended
As we get ready to move into the summer growing season, we know that there is a deadline looming large, and that is the Farm Bill. Every five years, congress sets the funding and policy for the agriculture and food sectors. It?s safety net guidelines, SNAP benefits,...
Corn and soybean planting nearing completion in Iowa
Iowa Crop Progress and Condition ReportMay 22 - 28, 2023DES MOINES, Iowa (May 30, 2023) ? Iowa Secretary of Agriculture Mike Naig commented today on the Iowa Crop Progress and Condition Report released by the USDA National Agricultural Statistics Service. The report...
