The National Pork Producers Council (NPPC) released its second quarter pork industry economic update that provides a snapshot of top pork industry issues, current trends, and market conditions impacting pig farmers. Some of the key takeaways include: “The United States is a worldwide leader in pork production and a significant contributor to the U.S. economy,” shared Duane Stateler, NPPC vice president and …
Farm Credit Reports on Ag Economy and Condition of Its System
The Farm Credit Administration recently received a quarterly update on economic issues affecting agriculture as well as an update on the performance of the Farm Credit System through 2022. Inflation continues to be a core economic issue despite recent declines. Inflation has been driven, in part, by a tight labor market and rising production costs and consumer demand. The report …
Cotton Futures Trading in a Narrow Range
Traders in the cotton market continue to see a narrow range of trading here in April. Mark Oppold has more details.
Optimism in the Ag Equipment Market
While equipment manufacturers are still recovering from the pressures of the COVID-19 pandemic, they continue working toward a state of normalcy. Association of Equipment Manufacturers (AEM) Senior Vice President, Government and Industry Relations Kip Eideberg, says supply chain pressures and a lack of workforce retention have been ongoing struggles for the industry, and individual sectors are facing their own problems …
Peanut Market Remains Quiet
There hasn’t been much action when it comes to contracts for peanut growers. As Tyron Spearman reports, the market has been quiet.
Harvesters Continue Gains, Tractor Sales Stay near Average
Combine harvester sales in the U.S. continue to grow while tractor unit sales stay close to their 5-year average according to the latest data from the Association of Equipment Manufacturers (AEM). Self-propelled combine sales grew 45 percent in March, but overall U.S. ag tractor unit sales continued to slide, despite gains in the 4WD segments, which were up 106 percent All other tractor …
Profit Tips for Cattle Producers
Cattle producers are always looking for ways to put more money into their pocket. Today, Southeast AgNet’s Will Jordan has a story looking at some ideas for better profits provided by Cattlefax.
Busy Week for Investors
Will there be another interest rate hike by the Fed in May? That’s a question many traders are pondering right now, and thus Mark Oppold notes another reason why this is a busy week for many investors.
Competitive Peanut Prices in the World Market
Prices for peanuts have really become competitive in the world market. Tyron Spearman has more details.
Grain Trade Focusing on Crop Reports
The monthly crop report will keep many grain traders and others busy today. Mark Oppold says this is especially true for those in the cotton industry.