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Trends and takeaways from the October Cattle on Feed Report
USDA published the October Cattle on Feed Report on Friday and the report provided us clues on the direction of the United States cattle herd. The placements number was below trade expectations; USDA livestock analyst Anthony Fischer provides the data. Fischer says that the heifer retention rates do not show a substantial effort to rebuild the cattle herd right now. He says that a rebound in prices in recent weeks could be a factor in the heifer numbers. That was USDA livestock analyst Anthony...
Poll reveals record voter support for E15
A new national survey shows record-high voter support for expanding access to E15, the 15 percent ethanol fuel blend, and making it available year-round. The Renewable Fuels Association says 75 percent of registered voters support wider availability of E15, while more...
Farmers remain cautious about AI technology
Artificial intelligence is becoming a larger part of agriculture, but many farmers remain cautious about adopting the technology, according to the latest Purdue University CME Group Ag Economy Barometer. The monthly survey asked producers about artificial intelligence...
Looking for profits amid heightened grain market volatility
The markets are already volatile at this time of year, but when you add a few global news headlines on top of that, you get what we are currently seeing in the ag marketplace: chaos, chaos, and more chaos. Michael Weidner, director of grain origination and producer...
Cattle marketplace continues to grind lower
While the grain side of the ag marketplace has seen some price relief in recent days following the most recent USDA reports, soybean purchases by China, and weather premium being priced into the market due to heat concerns, the cattle side of the ag marketplace is a...
Dairy leaders push for ag labor reform on Capitol Hill
Dairy farmers from across the country took their message to Capitol Hill this week, urging lawmakers to advance agricultural labor reform and other key dairy priorities. More than three dozen advocates participated in the National Milk Producers Federation's State...
Brazil farmers facing a “perfect storm” of financial conditions
Brazil, the top global competitor to U.S. corn and soybeans, just wrapped up another huge harvest, but the next crop might have a less favorable fate. Dr. Michael Cordonnier, President of Soybean & Corn Advisor in Hinsdale, Illinois, describes a combination of...
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Rainfall supports higher yield estimates for Iowa crops
Another round of rain has gone through the state, and this time the western region finally got some relieving moisture. As indicated by the August producer survey from StoneX, this may lead to a strong crop for most Iowa farmers. Dan Bjorklund, technical agronomist at...
U.S. bison gains duty-free access to European Union
Under a newly implemented tariff rate quota (TRQ), U.S. bison now has duty-free access to the European Union. The TRQ is for 3,000 metric tons annually. As National Bison Association Executive Director Jim Matheson explains, U.S. bison has been gaining interest in the...
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...
Record ethanol blend rate lowers fuel costs for drivers
The average ethanol content in U.S. gasoline reached a record 11.29 percent in May, according to new data from the Energy Information Administration. The Renewable Fuels Association says the increase was driven by strong blending economics as ethanol sold at a...
Tight margins make financial analysis critical
As many farmers continue to navigate a difficult economic environment, understanding the financial health of their operations has become increasingly important. While many producers complete financial statements to satisfy their lenders, one agricultural attorney says...
