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.
USMCA Dispute Panel Limits Canadian Market Access
Last Friday, a ruling was made by a U.S-Mexico-Canada Agreement (USMCA) dispute panel allowing Canada to restrict the dairy access that the U.S. negotiated for in the USMCA pact. And according to the National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC), the ruling weakens the agreement’s value to the US dairy industry. An earlier panel ruled in January 2022 that Canada had improperly restricted …
Prices Show Heat as Temperatures Cool
As cattle supplies appear to remain tight, prices look to retain heat. Anticipated precipitation from weather patterns across the Wheat Belt could signal a shift in markets and encourage prices. Southeast AgNet’s Will Jordan spoke with Holden Ramey, market analyst for CattleFax, who shares more.
CattleCon24 Registration Still Underway
Registration and housing continues for the 2024 Cattle Industry Convention and NCBA Trade Show being held January 31-February 2, 2024 in Orlando, Florida. CattleCon24 is where cattle producers from across the country will gather for business meetings, educational sessions, engaging speakers, and family fun. Attendees can take part in a variety of educational opportunities including the CattleFax Outlook Seminar, weather and industry …
Trade Volumes Lower This Week
With this being a holiday week, trade volumes are quite a bit lower than normal. Mark Oppold has more on that along with a few numbers from a recent video cattle auction.
U.S. Cattle on Feed Up 2 Percent
The USDA released their November Cattle on Feed Report, which shows the number of cattle and calves on feed for the slaughter market in the U.S. for feedlots with capacity of 1,000 or more head totaled 11.9 million head on November 1, 2023. That is 2 percent above November 1, 2022, and as Gary Crawford reports, indicates the beef cattle herd …