Below you'll find a list of all posts that have been categorized as “Economy”
Average trade estimates show grain analysts expect a lower corn acreage number from USDA today and a slightly higher soybean number. In March, USDA put corn at 95.3 million acres. We expect a number at or just below 95 million today. Planters rolled nearly nonstop, especially in this area, resulting in a few more soybean acres nationwide. We think 85 …
President Donald Trump is asking Congress to approve more than 11 billion dollars in additional agricultural assistance, including 10 billion dollars in economic aid for producers across the country and another 1.1 billion dollars specifically for Florida farmers recovering from devastating winter storms and freezes. The request is part of a larger supplemental funding package now before Congress. Florida Farm …
The U.S. The Department of Agriculture recently released the annual Supplemental Nutrition Assistance program payment error rates. These rates are a measure of how accurately states determine eligibility for SNAP. According to a press release from the USDA “The national payment error rate for fiscal year (FY) 2025 is 10.62%, far surpassing the congressional threshold of 6%. While this is …
A headline from Bank of America caught our attention late week saying the Fed is fed up with continued inflation and about to do something about it. Bank of America financial analysts say the Fed has tolerated annual inflation above its 2% target going on five years now. And they forecast the Fed will raise interest rates by a quarter …
The end of June brings another round of quarterly reports as the second quarter comes to a close, and that starts today, the quarterly hogs and pigs report. By the way, I wonder if pork is going to be on the menu at the White House today. President Trump hosting farmers and ranchers from 12 states at a dinner in …
Outside of ag commodities at midweek, the dollar index posting its highest level in 13 months, two-year treasuries trading at 16-month highs, while crude oil continues lower, now the lowest since early in February. Grain trade not the only sector battling support in here at midweek. Bottom line analysts point to the tech sector under pressure early week with those …
World Agricultural Outlook Board Chair Mark Jekanowski discussed the USDA price forecast for different milk categories this month. Jekanowski said, “A small reduction in our cheese price forecast for 2026 down 4 cents per pound, butter nearly steady up 1 cent per pound. We made a fairly large adjustment to our nonfat by milk price, lowered that by 7 cents …
The Fertilizer Institute recently released a statement on the reopening of the Strait of Hormuz. The organization called the Strait of Hormuz, “a critical transit route for fertilizer and energy markets. Significant volumes of fertilizer products and raw materials transit the region each year, making stability and predictability essential to agricultural supply chains worldwide.” TFI President and CEO, Corey Rosenbusch …
JBS USA has recently announced the closure of two facilities located in Pennsylvania and Tennessee. According to the JBS website, “The closures include: Beef production facility in Souderton, Pennsylvania (a suburb of Philadelphia) and Value-added facility in Memphis, Tennessee” Wesley Batista Filho, CEO of JBS USA said, “These decisions are never easy because they directly affect our team members and …
Markets are closed tomorrow for the Juneteenth government holiday, as are banks and post offices. As a result, USDA is releasing the monthly cattle on feed report after the close today. Average trade estimates generally agree the total number of cattle on feed will be up one to two percent, but there is nowhere near consensus on the number of …
