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.
Most States Saw Growth in Net Farm Income During 2022
The U.S. saw growth of almost 31 percent in net farm income from 2021 through 2022. NFI is a broad measure of farm sector profitability. Researchers with USDA’s Economic Research Service (ERS) used data from the Farm Income and Wealth Statistics to classify states into six categories of NFI changes. The five agricultural states with the highest NFI include Texas, …
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.
Jury Rules that Egg Producers Conspired to Fix Prices
A case of a price-fixing conspiracy from over a decade ago is finally decided. That’s coming up on This Land of Ours. An Illinois jury found that several of the country’s major egg producers conspired to limit America’s supply of eggs in order to raise prices in a case that began in a federal lawsuit 12 years ago. Several large …
Peanut Market Update
With peanut harvest winding down, Tyron Spearman provides on update on what is happening with that market right now.
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.
Deere Fourth-Quarter Sales Drop Slightly
Deere & Co. sales in the fourth quarter of fiscal year 2023 fell year-over-year, though the earnings per share did increase. The company says in a report that revenue in the three months ending on September 30 was reported at $15.41 billion, one percent lower than the same quarter last year. The equipment manufacturer also says earnings rose to $8.26 …
Budget for 2024 National Peanut Programs
The National Peanut Board is preparing to start working on programs planned for 2024 peanut programs. Tyron Spearman has more details.
New Proposed California Anti-Ag Measure Could Have National Implications
A proposed northern California anti-ag measure could have an effect nationwide. The measure in Sonoma County would eliminate animal agriculture in that county. “It would outlaw all animal agriculture in the county. That would affect dairies that would affect poultry operations,” said Director of Political Affairs with the California Farm Bureau, Steven Fenaroli, who explained those are two of the …
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.