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USDA supply & demand report sparks grain gains

Soybeans were able to gain support following USDA’s World Ag Supply and Demand report that came out ahead of midday on Friday. USDA’s estimated soybean ending stocks fell 25 million bushels from last month to 260 million. The Buenos Aires Grain exchange recently lowered its soybean ratings further, adding support into the market. CONAB, Brazil’s equivalent of the USDA, recently lowered its soybean production estimate to 122.4 million metric tons. […]

todayApril 8, 2022 21

Brownfield

Industry professionals encouraged to consider filling ag education career gaps

The agriculture education sector is turning to industry professionals to fill a large number of open teaching positions. Lisa Oellerich, President of the Illinois Association of Vocational Agriculture Teachers tells Brownfield in their state alone, “We have 68 openings and there are approximately 30 graduates to fill those openings.” She says the teaching vacancies are from retirements, teachers leaving the field during and after the pandemic, and growth in ag […]

todayApril 8, 2022 69

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USDA raises soybean export projections

The USDA has left the ending stocks for US corn unchanged, tightened soybean supplies, and raised wheat supplies. Corn came out at 1.44 billion bushels, unchanged from March.  USDA did move 25 million bushels from feed use to ethanol use.  The average farm price is estimated at $5.80, up $.15. Soybeans are seen at 260 million bushels, 25 million less than last month on higher export projections. The average farm […]

todayApril 8, 2022 55

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USDA leaves rice and cotton ending stocks unchanged

The USDA has left its outlooks for U.S. rice and cotton ending stocks unchanged from March. Rice ending stocks are projected at 34.5 million hundredweight, unchanged from last month, changes to domestic use and residual offset each other. The average farm price is estimated at $15.70 per hundredweight, down $.20. There were no changes to the domestic balance sheet for cotton, with an average estimated farm price for upland cotton of […]

todayApril 8, 2022 63

Brownfield

USDA lowers total red meat and poultry production

The USDA has lowered its 2022 forecast for total red meat and poultry, with a reduced forecast for pork and poultry offsetting higher projections for beef.  Beef production is seen at 27.7 billion pounds, 140 million more than in March due to higher placements and an increased slaughter pace for both fed and non-fed cattle.  The average price of $139.50 per hundredweight, is unchanged from last month.  Beef imports grew […]

todayApril 8, 2022 63

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April likely to stay wet

An ag meteorologist says April’s cooler and wetter than normal start in the Midwest is bringing relief and delays to many regions. State climatologist for Michigan Jeff Andresen says expected rain in the coming weeks should knockout dryness across much of the Upper Midwest that carried over from last season. “That is expected to gradually decrease or dissipate with time,” he says. He says Michigan has already seen some major […]

todayApril 8, 2022 63

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Dairy leader says ag export program funding needs to double

The U.S. Dairy Export Council is encouraging Congress to significantly expand support of trade programs in the next farm bill. During a recent House Ag Subcommittee hearing, President and CEO Krysta Harden testified while the industry has become more dependent on trade, USDA funding of the Market Access Program (MAP) and Foreign Market Development (FMD) Program has remained stagnant. “Given their critical missions and their impressive results, USDEC urges Congress […]

todayApril 8, 2022 55

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USDA raises dairy price and production expectations

USDA raised its expectations for milk production in 2022 for the first time in several months on expected herd growth. In its April supply and demand report, USDA raised butter and cheese prices because of tighter stocks and firm demand.  Nonfat dry milk prices were only increased fractionally, and whey prices were lowered because of competitive prices internationally.  The Class III price was raised with higher cheese prices more than […]

todayApril 8, 2022 58