How are U.S. animal protein sectors performing? Mark Jekanowski, World Agricultural Outlook Board Chair, discusses beef, pork, and broiler production in USDA’s latest forecasts.
Hoping for Better Market Performance This Week
Last week was pretty disappointing for many financial and commodity markets. Due to that, Mark Oppold notes traders are hoping for a better market performance this week.
Beef and Pork Exports Bring Nice Returns to Corn and Soybean Producers
New information released by the U.S. Meat Export Federation (USMEF) shows beef and pork exports last year at $18.1 billion had a significant impact on the corn and soybean industries. The numbers, from an independent study conducted by The Juday Group, notes U.S. pork and beef exports contributed an estimated total economic impact of 14.6% per bushel to the value of corn …
Tracking Various Agricultural Commodities
Now that we’ve wrapped up the month of March, Mark Oppold looks at how some of the agricultural and energy commodities have done the first three months of 2024.
California Pork Prices Higher After Prop 12 Implementation
Pork prices are higher in California now that Prop 12 is implemented. That’s coming up on This Land of Ours. Prop 12 is already raising the price of pork in California. In effect for just over six months, pork sales have dropped across the state. That’s from data compiled by the USDA’s Office of the Chief Economist (OCE). The OCE …
NPPC Pleased with USDA Purchase of Pork for Nutrition Programs
Using funds from its Commodity Credit Corporation, the U.S. Department of Agriculture (USDA) announced it is purchasing an additional 33.5 million pounds of pork. The more than $78.6 million buy is for pork products for distribution to various food nutrition and assistance programs. The National Pork Producers Council (NPPC) applauded the USDA purchase and says the organization will continue working with the …
Pleased with Recent Corn Rally
Many traders were pleased to see the recent rally in the corn market. Mark Oppold has more details.
Predicting Factors for the Upcoming Growing Season
A new report looks at some factors that could affect various crops in the upcoming growing season. Mark Oppold has more on that, but first looks at how some commodities are trading thus far this year.
Preparing for Various Agricultural Reports
A variety of new reports will be coming out over the next few weeks. As Mark Oppold notes, one will be released today.
Tracking Various Agricultural Commodities
We saw various agricultural commodities really struggle late last year. So, with the markets closed today for the President’s Day holiday, Mark Oppold takes time to look at how some of those are trading the first few weeks of 2024.