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Consumers shrug off high beef prices
When retail prices for any product reach record-high levels, the demand usually plummets quickly. U.S. beef appears to be the exception to the basic rule of economics. Retail grocery store prices for beef skyrocketed and show no signs of descending. But demand hasn’t softened. A new report from CoBank says the allure of beef, even at high prices, is likely the result of several factors currently shaping consumer buying behaviors. The all-fresh retail beef prices surged by nine percent, hitting...
Friday WASDE report to detail late planted acres
On Friday USDA will release the August World Agricultural Supply and Demand estimates report.Friday?s WASDE report is set to include re-survey results of acreage for North Dakota, South Dakota, and Minnesota because of the late planting season in 2022.Naomi Blohm,...
First-half beef exports on a billion-dollar pace
America?s beef exports remained on a red-hot pace during June, topping $1 billion for the fifth time this year. Data compiled by the U.S. Meat Export Federation also shows that pork exports stayed below last year?s totals during June while lamb exports continued...
Iowa Soybean Association continues to work hard for producers
As we enter the first week of the State Fair, we are reminded of the importance of advocacy and sharing the story of agriculture with consumers at these types of events. It is also critical to catch up with producers to hear their concerns at events like the Farm...
Potential growth for U.S. beef in Africa is worth investing in
Africa may not be the largest customer for U.S. red meat, but it holds tremendous potential for export growth. Of the $5 billion of U.S. beef exported around the world through May of this year, only $8 million has been sent to Africa. There is also growing interest in...
Senate may be warming up to the Farm Workforce Modernization Act
The push is continuing to convince enough Senators that the Farm Workforce Modernization Act needs to be passed. The passage of this bill will provide certainty for both the farm owners and workers when it comes to battling inflation.U.S. Representative Dan Newhouse...
USDA expanding access to high-speed internet for rural Americans
Access to high-speed internet is not as much of a certainty for rural Americans as it is for those in urban areas. The United States Department of Agriculture is continuing its push to make high speed internet more readily available for those in areas outside of urban...
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New Fendt tractor brings flexibility to farmers
The Fendt 200 Vario series tractor was introduced to North America in early 2023 and brings more options to farmers and their operations. David Soliday a senior marketing manager for Fendt tractors says that the 200 series offers a lot of versatility for farmers.The...
U.S. Export Sales Report (3-17-23)
Export sales are starting to look better with the latest report. Total sales are still down, but things are starting to improve. Allendale commodity broker Greg McBride provided an analysis of this week?s U.S. Export Sales Report.McBride said we?ve also seen three...
Iowa Senator Ernst questions Ag Secretary Vilsack on grant programs
Since the pandemic, USDA has offered grants to farmers and co-ops that are looking to start meat processing facilities. This is an effort to open up competition against the ?Big-4? processors and the hold they have had on the livestock marketplace. This hold caused a...
SHIC and NPB collaborating for swine health
Protecting the health of the U.S. swine herd through disease monitoring and research is a goal of the National Pork Board (NPB) and the Swine Health Information Center (SHIC). Dr. Paul Sundberg with SHIC said the program was started back in 2015 using Pork Checkoff...
Commodity brokerage firm predicts corn and soybean planted acres
A farmer survey by commodity brokerage firm Allendale says America?s farmers are expected to plant 90.41 million acres of corn and 87.76 million acres of soybeans this year. Those projected corn planting acres would be below the USDA?s Outlook Forum forecast of 91...
