A U.S. Representative from Iowa says she’s concerned about the rising number of ag equipment companies reducing workforce. “Anyone who has lost their job, my heart goes out to them,” Republican Ashley Hinson said. Hinson says the ag economy has been impacted by several factors. “The inflation that people have seen, the input prices people…… Continue Reading
Closing Grain and Livestock Futures: August 7, 2024
Sep. corn closed at $3.83 and 1/4, down 5 and 1/2 centsSep. soybeans closed at $10.05 and 1/4, down 8 and 3/4 centsSep. soybean meal closed at $323.60, down $7.00Sep. soybean oil closed at 42.07, up 122 pointsSep. wheat closed at $5.38 and 1/4, down 5 centsOct. live cattle closed at $179.27, up 22 centsSep.…… Continue Reading
Treating tar spot or losing yield loss
An Ohio agronomist says the hot and dry weather has helped prevent the fast spread of tar spot. Agrigold’s Scott Bugg tells Brownfield the disease was found a month earlier in the crop. “We just need the environment for it to spread and we will get that at some point and tar spot can move relatively fast on a…… Continue Reading
Soybeans, corn stay on lower trend
Soybeans were lower on speculative and technical selling. Near-term forecasts for most of the region look mild, but some areas do need rain to ensure the full success of the crop. The USDA’s national condition rating remains above a year ago and while that’s not a 1:1 guarantee for crop size, the trade seems to…… Continue Reading
USDA’s carbon verifier proposed rule possible before 2025
An ag lobbyist says she expects to see a proposed rule from USDA soon as the agency works to create a new carbon market verification program. Samantha Buchalter with the Russell Group helps manage the Food and Agriculture Climate Alliance. “We’re all working together to advance voluntary and incentive-based policies,” she says. The USDA recently…… Continue Reading
Broiler hatchery numbers continue to rise
The USDA’s weekly broiler hatchery numbers continue to imply a year-to-year increase in chicken production. 250.597 million broiler-type eggs were put into incubation last week, 2.163 million higher than the week before and 4% above a year ago, with average hatchability improving slightly to 79.5%. 190.778 million broiler-type chicks entered meat production, a decline of…… Continue Reading
Taylor Swift Concerts Potential Target of Planned ISIS Attack
Police say the two men arrested had formed an allegiance with ISIS. Continue reading…… Continue Reading
USDA official says 45Z guidance is progressing
An official with USDA says progress is being made in developing guidance for sustainable aviation fuel tax credits. USDA undersecretary for farm production and conservation Robert Bonnie says there’s pressure to finalize the 45Z tax credit. “We want to move as quickly as we can because we know farmers need certainty. There’s sort of three…… Continue Reading
Economist says ag economy will continue to face pressure
An ag economist says he doesn’t expect the outlook for the farm economy to improve anytime soon. University of Missouri’s Scott Brown says profitability in the sector hasn’t been this slim since 2018-2019. “Input costs continue to be fairly high for producers of almost all our commodities, and labor stays high,” he says. “From a…… Continue Reading
Ethanol production dips, exports highest on record
U.S. ethanol production declined last week. The U.S. Energy Information Administration says production averaged 1.067 million barrels a day, down 42,000 from the previous week’s all-time high, but up 44,000 from a year ago. Iowa State University’s Center for Agricultural and Rural Development says estimated operating margins for the average Iowa plant remain in the…… Continue Reading
