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Upcoming USDA reports to feature key data for hog producers
USDA livestock reports can offer valuable insights into the hog industry. Lee Schulz, Ph.D., chief economist of Ever.Ag, says that reports such as the annual livestock slaughter report, set for release on April 22, can give producers a snapshot of the state of the industry and allow them to make plans for their operations. Another key report for hog producers is the Meat Animal PDI, which Schulz calls the final balance sheet for the year. He says that when breaking down the disappearance data,...
USDA releasing over $700 million to improve rural internet access
The U.S. Department of Agriculture is offering $714 million in grants and loans to connect thousands of rural Americans to affordable, high-speed internet. The funds will benefit projects that connect residents, farmers, and business owners in 19 states to reliable...
Demand stays low as prices remain high
Understanding that we are in a weather-dominated marketplace right now. It?s easy to see why as the rain never seems to fall across much of the state. Some of our eastern neighbors have seen a little, but it?s not always enough to keep them growing. This is going to...
Soybean stocks rise higher in June
The Economic Research Service issued its June Oil Crops Outlook that predicted higher soybean ending stocks for the month. A higher carryover raised the 2023-2024 U.S. soybean ending stocks forecast by 15 million bushels to 350 million bushels. The increase in...
EPA set to release Renewable Fuel Standard RVOs
The Renewable Fuel Standard deadline for the Environmental Protection Agency to publish its final ruling on the amounts of renewable fuels that can be blended into transportation fuel in the coming year has arrived. These blending requirements are called Renewable...
South American Weather and Crop Update (6-13-23)
Rain is finally back in the South American weather forecast. Allendale commodity broker Greg McBride provided an update on the latest conditions in Brazil and Argentina.In Brazil, McBride said they are just getting their second crop corn harvest underway.As for...
Pork industry preparing for Prop 12 consequences
Following the disappointing decision from the Supreme Court, the pork industry is now getting ready to deal with the consequences of Prop 12. Pork industry leaders are working as fast as they can with Congress to pass some countering legislation, but for now,...
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Iowa native Taylor leading trade mission to India
USDA’s Undersecretary for Trade and Foreign Agricultural Affairs Alexis Taylor will lead an agribusiness trade mission to India from April 22-25. USDA is now accepting applications from U.S. exporters who wish to join the trade delegation. “There is no larger untapped...
Some family farms included in Corporate Transparency Act
Many family farms are not structured the same as they used to be. It used to just be enough to say you owned the land, the assets, and the livestock. However, we have come to learn that to relieve the tax burden and also to keep the family farm safe as a separate...
Making the best crop insurance decisions for 2024
Even though the new year just started, it’s already an ideal time for farmers to think about what they need from crop insurance this year. Doug Burns, regional vice president of insurance with Farm Credit Services of America, said most farmers would benefit from...
Another layer of protection for grain already in the bin
High yield numbers are the goal of every farmer who wants to give themselves the best chance to turn a profit and chalk up another successful growing season. However, just because harvest is over, and grain is in the bins doesn’t mean the work of protecting that grain...
Mexico extends duty exemptions for beef, pork, and poultry imports
The Government of Mexico recently issued a decree extending zero-duty treatment of certain food imports – including pork, beef, and poultry – from all eligible suppliers through the end of 2024. Erin Borror, U.S. Meat Export Federation (USMEF) vice president of...
