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Congress wanting more action on trade
Trade is a topic of much discussion in agriculture. Our industry thrives on what we send overseas, and other countries depend on our goods that help to feed the world. However, the economic situation around the globe, and especially here at home, has made for some hurdles in getting more sales, because we are higher priced than our competitors in the market. This means that we must offset this by trade deals, negotiations, and trade policy. That is why farmers and ranchers are asking their...
U.S. Export Sales Report (4-12-24)
On top of the disappointing WASDE report, export sales were not great this week. Allendale commodity broker Greg McBride started off his analysis with the corn numbers. While this is the first disappointment we’ve seen in the corn exports in a while, McBride said this...
How El Niño and La Niña patterns will affect the growing season
Farmers Business Network recently released a report detailing how El Niño will impact U.S. farmers this year. This growing season farmers are set to face a unique combination of El Niño in the spring and early summer and then a transition to La Niña conditions in the...
End of July Cattle Report will hurt beef industry
The USDA National Agricultural Statistics Service (NASS) recently announced it will no longer issue the July Cattle Report. Additionally, the agency is discontinuing the county estimates for crops and livestock and the Cotton Objective Yield Survey starting in the...
U.S. ethanol industry comments on Brazilian ethanol tariffs
The U.S. Grains Council, Growth Energy, and the Renewable Fuels Association jointly submitted comments to the Brazilian Chamber of Foreign Trade regarding the Brazilian tariff on imported U.S. ethanol. In October 2023, Brazil’s association of fuel importers formally...
Pork producers cautious but optimistic
The pork industry has been dealing with a lot of headwinds as we end the first third of 2024. While prices are going a little higher, consistency has been an issue. Markets have seen many radical shifts, many of which have not been good. However, uncertainty has not...
April WASDE sees little change to South American crops
The April WASDE report came and went with little to remark. This was largely anticipated, though, and the markets are ready to focus back on planting and the weather. Allendale commodity broker Greg McBride said the corn numbers were on the low side of expectations....
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Conservation efforts having a real impact on emissions
The EPA recently released the Inventory of U.S. Greenhouse Gas Emissions and Sinks: 1990-2022, which shows that the ag industry decreased its greenhouse gas emissions in 2022. American Farm Bureau Federation Economist Danny Munch explains the results. The EPA...
Consumer education increasing pork demand in Central America
U.S. pork exports to Central America were outstanding last year and the momentum has continued in 2024. Lucia Ruano, U.S. Meat Export Federation (USMEF) representative in the region, said that consumer education workshops, funded through support from USDA and the...
Senators continue pushing for summertime E15 waiver
Senators Chuck Grassley (R-IA), John Thune (R-SD), and Dick Durbin (D-IL) are calling on the administration to permit nationwide E15 sales this summer. They sent a letter underscoring the geopolitical importance of uninterrupted biofuel access and noted that the...
Carbon pipeline agreement reached in Nebraska
Carbon pipelines have been a hot topic across the Midwest these past years. Companies that want to produce lower-carbon ethanol for sustainable aviation fuel (SAF) need a way to get rid of the carbon that is produced. The pipelines are planned to go across the Midwest...
Expanded soybean processing capacity bringing added value to growers
The number of soybeans that can be processed to feed the growing biofuels market is ever increasing thanks to expanded infrastructure that is in place or being built in the next few years. That is Grant Kimberley, the senior director of market development with the...