Weather forecasts front and center in the grain trade here at midweek, but U.S. and European weather models disagree going forward. Bottomline grain analysts suggest that commodity fund traders have been looking for any reason to go long in this market, and weather was the reason this week. Now, there’s a catch. European weather models show a hot, dry August …
Well, the Stocks and Processing Report gives us more details on how peanuts are being utilized. According to USDA in their 10th month report, they said that raw peanuts in primary products are up an amazing 6.3 percent. That’s August through May compared to last year. Peanut usage is up; peanut butter usage is up 6.3 percent for the period. …
After the statement released to not renew the U.S.-Mexico-Canada agreement, the National Pork Producers Council (NPPC) shared their thoughts, saying, “Amidst the many uncertainties that come with pork production, trade has remained a bright spot for U.S. pork producers, whose neighbors to the north and south represent a third of all U.S. pork exports. Ensuring USMCA remains intact is vital …
Superior Livestock’s biggest sale of the year kicked off yesterday. It’s their week-long week in the Rockies. They expect over 240,000 head of cattle, calves, and bred-stock offered before the gavel comes down Friday afternoon, so it’s a good market test. We watched August Live Cattle and August Feeder Cattle. Both have followed a similar price path. Both reached their …
How a Young Blacksmith Changed Agriculture Forever The westward expansion of the United States brought tremendous opportunities for early settlers, but it also presented enormous challenges. Among the greatest obstacles was transforming untamed prairie into productive farmland. The invention of the steel plow in 1837 marked a turning point in American agricultural history, allowing farmers to cultivate the rich but …
By Clint Thompson The Georgia Cotton Commission (GCC) reminds the state’s growers and industry representatives that the commission’s Mid-Year Meeting and University of Georgia (UGA) Cotton Pre-Harvest Workshop is later this month, scheduled for July 29 at the Nessmith-Lane Conference Center in Statesboro. The commission requests that those interested in attending to pre-register by July 11 to assist with lunch …
Checking on the peanut market, USDA’s Peanut Stocks and Processing Report has been released. For the 10th month of the marketing year, they’re saying that commercial storage is holding 4.07 billion pounds of farmer stock peanuts. That compares to 2.54 last year billion pounds, and that is up 60% on last year, and that’s the reason the market is down. …
The U.S. Department of Agriculture is launching a new initiative aimed at strengthening America’s meat and poultry processing sector, with the goal of creating more opportunities for livestock producers and increasing competition throughout the supply chain. USDA Secretary Brooke Rollins recently announced the department’s new Small Processor Action Plan, which is designed to reduce regulatory burdens, improve access to technical …
World events certainly affect grain, and livestock markets all year long, but as we move deeper into July, weather takes more of a spotlight for both. Markets back open today after the holiday. We hope it was a great weekend for family and friends. We mentioned in a report last week that December corn historically reaches a top 10 to …
The Philadelphia and Lancaster Turnpike Opened New Opportunities for Farmers and Commerce America’s transportation system has played a vital role in the nation’s agricultural success, and one of its earliest milestones dates back more than two centuries. In this edition of American Agriculture History Minute, Mark Oppold highlights the construction of the nation’s first turnpike—a project that forever changed how …
