Now that USDA has relaxed some of the rules for the use of cover crops, farmers are struggling to find enough cover crop seed. Patrick Reed from LaCrosse Seed discusses cover crop seed availability now and later this summer on today’s Managing for Profit. Patrick Reed on Managing for Profit Continue reading Cover crop seed …
Category: Ag News
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Jun 29
U.S. and China to resume trade negotiations
President Trump and Chinese president Xi have agreed to restart trade talks that stalled more than a month ago, and Trump says no new tariffs for now. “We’re holding on tariffs, and they’re going to buy farm product.” Trump called the meeting with his Chinese counterpart excellent and says purchases of U.S. ag goods will …
Jun 29
Trump says China talks back on, no new tariffs
President Trump and Chinese President Xi Jinping have agreed to restart trade talks that stalled more than a month ago, and Trump says the next round of planned tariffs on Chinese goods is on hold. Trump says American farmers will start to benefit soon, saying China will be purchasing additional farm products before a trade …
Jun 28
NASS will resurvey crop producers
The USDA will resurvey crop farmers in 14 states on their planted acres. Lance Honig with the National Ag Statistics Service says there was excessive rain all spring long, so planting intentions couldn’t be turned into actual planting in the first two weeks of June, “You know we had a lot more – at least …
Jun 28
Feeder cattle higher on sharply lower corn
At the Chicago Mercantile Exchange, live cattle futures closed lower on the weak cash trade and weakening wholesale values. Feeder cattle closed higher on the day’s sharply lower move in corn. August live cattle closed $1 lower at $104.35 and October live cattle closed $.90 lower at $105.42. August feeder cattle closed $1.05 higher at …
Jun 28
ODA Director requests help from Ag Secretary Perdue for Ohio farmers
Ohio Department of Agriculture Director Dorothy Pelanda sent a letter to Ag Secretary Sonny Perdue today, supporting Ohio Governor Mike DeWine’s request for a Secretarial disaster designation. The ODA says record rainfall has devastated Ohio farmers and is crippling the state’s agriculture economy. DeWine and Pelanda have been meeting with farmers across the state. As …
Jun 28
NCBA urges Congress to ratify USMCA in new campaign
The National Cattlemen’s Beef Association has launched a campaign urging Congress to ratify the U.S. Mexico Canada Agreement. Kent Bacus, director of international trade and market access with NCBA, says the agreement keeps the framework for trade with the two countries in place and provides the beef industry with certainty. “It does codify some …
Jun 28
Soybeans higher, corn lower after USDA numbers
Soybeans were higher on commercial and technical buying, helping contracts post a week to week gain. The USDA has acreage at 80 million acres, down 10% from 2018, with a 47% year to year jump in stocks, with supplies hitting a June 1st record. That acreage number will likely change with a USDA resurvey and …
Jun 28
Soybean stocks at record levels
The USDA says there was record amount of soybeans in storage on June 1st. Stocks in all positions were up 47% on the year at 1.790 billion bushels, with a large 2018 crop and slow export demand canceling out improved second quarter usage; the indicated March through May 2019 disappearance of 937 million bushels was …
Jun 28
USDA to resurvey producers in 14 states
The USDA says it will be resurveying producers in 14 U.S. states to get a more accurate assessment of planted acreage because of the historically slow planting place. That includes corn and soybean producers in Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin, in addition to Kansas, New York, and North …