Agriculture

The U.S. Trade Representative has requested a second dispute settlement action for Canada’s restriction of dairy trade under the USMCA agreement. Katherine Tai says the United States is challenging Canada’s dairy tariff-rate quota (TRQ) allocation measures, which deny allocation access to eligible applicants, including retailers, foodservice operators, and other types of importers.  She says Canada has also imposed new conditions on the allocation and use of the TRQs.  The USTR is […]

Photo provided by American Dairy Association Indiana The winning driver of the Indianapolis 500 will be greeted in Victory Circle with an ice-cold bottle of milk this Sunday. American Dairy Association Indiana’s 2022 Veteran Milk Man Tim Haynes will deliver that bottle of milk.   “The closer I get, the more it creeps up on me the importance of this and how honored I am to be representing the 750 […]

A north Iowa farmer is more at ease with marketing now that planting is behind him. Casey Schlichting grows corn and soybeans near Clear Lake. “I always try to have something going, especially with the way prices have been, trying to get on the Board a little bit. But you have a little more piece of mind going forward with the crop in the ground.” He finished planting May 15th.  […]

Jul. corn closed at $7.72 and 1/4, up 1/2 centJul. soybeans closed at $16.81, down 12 centsJul. soybean meal closed at $424.20, down $2.90Jul. soybean oil closed at 78.92, down 120 pointsJul. wheat closed at $11.48 and 1/4, down 6 and 1/2 centsJun. live cattle closed at $132.30, down 42 centsJun. lean hogs closed at $109.05, up 2 centsJun. Class III milk closed at $24.20, up 5 centsJul. ...

Soybeans were mostly lower. While the contracts that did lose ground were well above session lows, that overall move came despite the continued tight supply and solid demand. Cash basis levels are strong and more near-term planting delays are probable in some areas, but most of the region is expected to make solid progress. The USDA’s next set of supply, demand, and production numbers is out June 10th. Soybean meal […]

Milk futures were up and cash dairy prices were mixed on the Chicago Mercantile Exchange Wednesday. May Class III milk was up $.03 at $25.11.  June closed up $0.05 at $24.20.  July closed up $.12 at $24.45.  August was up $0.25 at $24.20.  September through March contracts ranged from ten to twenty-four cents higher. Dry whey was up $.0050 at $0.50.  Three sales were recorded at that price. Cheese Blocks […]

The USDA says poultry production during April was 4.038 billion pounds. That’s down 4% on the year following declines in both processing and live weights. Most of the monthly total was chicken at 3.381 billion pounds, 3% lower, with turkey accounting for 253.843 million pounds, a drop of 11%. The chicken slaughter was 746.295 million head and the turkey slaughter was 16.545 million head, decreases of 3% and 4%, respectively. […]

The head of the USDA’s World Agricultural Outlook Board says there’s uncertainty in evaluating Ukraine’s new crop production. Mark Jekanowski says Ukraine is a major global exporter of wheat, corn, and sunflower oil. “We have to put together some assessments of what we think that new crop year is going to look like, how much of that crop is going to be planted, how it’s going to be harvested, and […]

A north-central South Dakota cattle rancher says his pastures are benefiting from recent rains. Troy Hadrick says they received over six inches of moisture from April 23rd through the middle of May. “The pastures are coming along just incredibly well,” he said. “They look better now than they ever did last year, so that’s certainly a good thing.” He tells Brownfield because pasture conditions have improved, they are able to […]