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Weather forecast keeping pressure on corn and soybean marketplace
While there are a lot of factors that are exerting influence on the grains in the ag marketplace, including the crude oil price and the stock market, the main influence remains the weather forecast. While the forecast is positive in terms of crop conditions and growth, that favorable forecast is keeping pressure on corn and soybeans in the market as yield expectations are beginning to climb. That is Jim McCormick, co-founder of AgMarket.net, who says that the recently released StoneX August...
Pork industry is optimistic despite trade limitations from pseudorabies
Strong export sales, particularly in Latin America, are contributing about $67 in value per every hog slaughtered and accounting for more than 30% of all U.S. pork production. U.S. Meat Export Federation (USMEF) Vice President of Economic Analysis Erin Borror said...
Growing crush capacity shifts soy demand priorities
For decades, one of the soybean industry's biggest challenges was finding new markets for soybean oil. Today, however, the conversation is changing. Growing demand from renewable diesel and other biofuel markets has helped create new opportunities for soybean oil,...
Swine industry remains cautious about NWS
Earlier this week, the USDA announced that there was an official detection of New World Screwworm (NWS) in the U.S. The pest was found in a three-week-old calf in South Texas. Since NWS is an indiscriminate parasite, all warm-blooded mammals are at risk of infestation...
Ag economy barometer drops in May
The Purdue University/CME Group Ag Economy Barometer dropped in May. Michael Langemeier, director of Purdue University’s Center for Commercial Agriculture, talked about the decline. Farmers appeared to be deeply concerned about current conditions. Langemeier said...
Recapping a disappointing week in the grain market trade
It has been a difficult week of trade in the grains and oilseeds markets to say the least. Corn and soybeans grinded lower to begin the week and then saw significant losses on Thursday and Friday. Matt Bennett is the CEO and co-founder of AgMarket.Net and he tells the...
Livestock groups react to NWS confirmation
U.S. livestock groups reacted to the USDA’s confirmation of the New World Screwworm in South Texas. “The National Cattlemen’s Beef Association and our state partner organizations have been working for more than a year to combat the incursion of the New World...
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More Ag News
China honoring trade agreement and purchasing U.S. grain
The markets have been trending upward during this shortened trading week. After a rough start to the month, some recent headlines have given the corn and soybeans something to work with. Michael Weidner, director of grain origination and producer strategy at Landus...
June forecast for meat prices
In the latest livestock, dairy, and poultry outlook from USDA, the Department of Agriculture provides the updated meat price forecasts for this month. USDA World Agricultural Outlook Board Chair Mark Jekanowski says the adjustments for cattle were slight. He says the...
Corn and soybean planting near completion nationwide
Most U.S. farmers have nearly finished spring planting as crop conditions remain generally favorable. According to USDA data reported by Successful Farming, 97% of the nation’s corn crop has been planted, while soybean planting is more than 90% complete. Kentucky,...
Check on your tires to minimize equipment downtime
Downtime in the field not only slows you down, but it also hurts your pocket. Regardless of the stage you are in during the growing season, keeping equipment in optimal conditions is crucial for maximizing its use. Greg Jones, the senior manager for field engineering...
Hesitation could hinder screwworm eradication efforts
The effort to prevent New World Screwworm from reestablishing itself in the United States continues on multiple fronts. While officials are expanding the infrastructure needed to combat the pest, animal health experts say success will also depend on vigilance and...
