Last week Mark Oppold talked about various agricultural commodities and how November was not a very friendly month for many of them. Today he looks at how they’ve performed so far this year.
USDA Works to Expand Asian Export Markets
by Will Jordan It’s no secret that U.S. Beef is the preferred protein domestically and abroad. Asia is ever expanding as a major market for U.S red meat exports. As market access expands export trade adds more value to cattle on the hoof. I visited with Alexis Taylor, USDA Under Secretary for Trade and Foreign Agricultural Affairs, to learn more …
Farm Bureau Testifies at FMMO Hearing
Farm Bureau Chief Economist Roger Cryan testified on behalf of the group’s membership at the Federal Milk Marketing Order Pricing Formula hearing. His testimony underscored the need for updating Class 1 and Class 2 price differentials to bring fairness for farmers back into the Federal Milk Marketing Orders. Class 1 differentials are meant to incentivize the movement of milk to …
Many Agricultural Commodities Struggle in November
Like the past couple of months, November was not a very friendly month for many of the agricultural commodities. Mark Oppold looks at how trading did this past month.
Differing Price, Production Prospects for Beef vs Pork
Even though pork and broiler production is expected to increase next year, total meat output will decline. According to a story from Gary Crawford, that’s due to a cutback in beef production.
Watching the Corn and Soybean Trade
Grain traders are watching both corn and soybean futures this week. Mark Oppold notes that despite the lack of lack of fresh news, there has been some movement.
Dairy’s Long-Term Outlook is Bright
The future of America’s dairy farming is bright as global growth and American production capacity and innovation combine to create a “powerhouse.” Gregg Doud, the incoming president and CEO of the National Milk Producers Federation (NMPF) said, “In terms of the protein world, dairy is a huge part of the future. As a former Chief Agricultural Negotiator for the U.S. …
Leaders Say Battle Over Canadian Dairy Trade Policy Will Continue
The U.S. lost its latest challenge against Canadian dairy trade practices, but there may be more of a fight ahead. U.S. dairy organizations along with elected officials and ag leaders are expressing disappointment over Friday’s decision by the USMCA dispute panel in the challenge against Canada’s dairy trade quotas. The U.S. charged that the quotas don’t line up with the …
Small Hikes Expected for 2024 Milk Production and Prices
USDA has a new forecast for 2024 milk production and prices. Gary Crawford has more details.
Ag Trade Somewhat Limited This Week
Grain and livestock trading is somewhat limited this week due to a lack of fresh news. Mark Oppold has more details.