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U.S. Export Sales Report (6-4-26)
There was a disappointing aftertaste to this week’s export sales report. Allendale commodity broker Greg McBride said this week’s corn sales are lower than what we’ve been getting used to. While the soybean sales saw an improvement this week, McBride said they are still lagging behind overall. Interestingly, the grain markets had a sharp negative tone today. McBride said there were a few factors weighing in on this negative activity. The team at Allendale can be reached by calling...
Two beef industry bills signed into law by Governor Reynolds
Wednesday, Gov. Kim Reynolds signed two bills into law that were high priorities for the Iowa Cattlemen’s Association (ICA). Showcasing the importance, a large crowd gathered at Pat and Laura Blomme’s farm to witness this notable event. The Meat Integrity Bill (S.F....
Building trust in the dairy industry through the checkoff
The dairy industry has faced some scrutiny as of late, especially as it pertains to the safety of products and H5N1, formerly known as “bird flu” and “High-Pathogenic Avian Influenza”. The United States Department of Agriculture and the Food and Drug Administration...
Highlighting ag trade during World Trade Month
May is World Trade Month, and trade is an important conversation topic for the U.S. Grains Council (USGC). Brent Boydston, USGC Chair, said World Trade Month is a significant event for the Council. Boydston said the USGC contributes to improving international trade...
U.S. Export Sales Report (5-16-24)
Corn and soybeans sales came in within estimates, but they are still leaning towards the lower side of the range. This is not what we want to see with both markets trending lower already. Allendale commodity broker Greg McBride gave an update on the latest export...
EPA’s Regan hears counter argument to EVs in Senate hearing
During a recent Senate hearing in Washington D.C., Environmental Protection Agency Administrator Michael Regan heard criticisms from lawmakers regarding the Biden administration’s push for increased electric vehicle use via regulation. Wyoming GOP Senator Cynthia...
Grassley and Ernst lead Iowa delegation in asking for federal aid
Senators Chuck Grassley (R-IA) and Joni Ernst (R-IA) led the state’s delegation in calling on USDA Secretary Tom Vilsack to swiftly approve Iowa’s request for federal assistance. Governor Kim Reynolds and Iowa Secretary of Agriculture Mike Naig made the request on...
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More Ag News
U.S. corn production up while soybean production drops
Friday’s USDA Crop Production Report showed corn production is forecast at 15.2 billion bushels, up less than one percent from the previous forecast, but down one percent from last year. Soybean growers are expected to increase their production by ten percent from...
A Christmas miracle amid a September hurricane
For a few weeks, we have been focused on the aftermath of Hurricane Helene in North Carolina, Tennessee, Florida, and Georgia. We have stories of loss and destruction. The disruption of lives has been breaking our hearts and leaving us all struggling to find ways to...
Chefs across Vietnam gather for Porkstars competition
Chefs from across Vietnam recently competed in Porkstars, a cooking competition designed to promote creative uses of U.S. pork. Now in its third year, the livestreamed event is a collaboration between the U.S. Meat Export Federation, the National Pork Board, the...
Gas prices should remain mostly unaffected by Hurricane Milton
Back-to-back hurricanes in the southern United States are taking a tremendous toll on everyone involved. One of the few places that likely won’t feel as big of an effect is the price of gas. Patrick DeHaan of GasBuddy.com said Milton, the latest hurricane, likely...
Ag trade deficit continues to grow
The ag trade deficit continues to grow, based on USDA’s latest trade figures for fiscal year ’24 through August. USDA Economist Bart Kenner says US farm exports continue to decrease. Imports on the other hand are on the upswing. That’s nearly twice the farm trade...
