Combine harvester sales finished 2022 with healthy gains in unit sales, but ag tractors ended with sales below 2021 levels. According to new data from the Association of Equipment Manufacturers (AEM), total U.S. ag tractor unit sales fell for both the month of December as well as the year as a whole compared to 2021. The sub-40hp segment lead the losses in …
Higher Stocks May Mean Good Ending to the Year
There is an old market rule which notes higher stocks for the first few days of a new year may indicate how that year will end. Mark Oppold has more details. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Food Prices Drop in December BUT …..
Food prices were a little lower in December, but still higher than the year before. That’s coming up on This Land of Ours. The United Nations Food and Agricultural Organization’s Food Price Index dropped during December, but 2022 food prices were 18 percent higher than in 2021. The December index averaged 132.4 points, 2.6 points below November, the ninth-straight monthly …
Pork Exports Continue to Gain Momentum; Beef Export Value Sets Annual Record
According to new data released by the U.S. Department of Agriculture (USDA) and compiled by the U.S. Meat Export Federation (USMEF), November exports of U.S. pork were the largest of 2022 in both volume and value, while beef exports were below the large year-ago totals. But, 2022 beef export value already set a full-year record of nearly $11 billion. USMEF President and …
Price Erosion Expected in the Grain Trade
Price erosion is expected in the grain trade this week. Mark Oppold explains why. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farmer Sentiment Rebounds at Year End on Stronger 2022 Income
Producer sentiment improved sharply in December as the Purdue University-CME Group Ag Economy Barometer Index reading of 126 was 24 points higher than a month earlier. Although U.S. farmers were more positive regarding both the current situation and the future, the biggest improvement was in their assessment of current conditions. The Current Conditions Index reached 135, 37 points higher than …
Peanut Farmers Looking for Their Bonus
Peanut farmers always look for a bonus if their peanuts brought more more than their contract. That’s what has happened this past year. Tyron Spearman explains what the bonus is all about, and what they are expected to receive. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Rise in Gasoline Prices
Recent news in the energy market doesn’t add up to the jump we are seeing in gasoline prices at the pump. Southeast AgNet’s Mark Oppold has the story. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Eggs Double in Price During 2022
Eggs are more expensive than they were in 2021. Marketplace says the Bureau of Labor Statistics reports the price of a dozen Grade A eggs jumped from $1.82 in 2021 to almost $3.60 in 2022. While part of the increase is due to the rising price of chicken feed, the real culprit is highly pathogenic avian influenza. It’s infected more …
Report Shows Price Increases for Different Food Types
How did prices increase for different types of food? That’s coming up on This Land of Ours. A new USDA report shows retail food prices increased 8.9 percent in the first seven months of this year. That increase is higher than the rate over the same period last year and 2020. All 13 food categories in the USDA report experienced …