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WEST LAFAYETTE, Ind. — Agriculture in the United States is caught in the web of uncertainty being created by the financial crisis of 2008. The cattle industry is no exception, as both domestic and foreign demand for beef is related to consumer incomes, according to Chris Hurt, an Extension economist at Purdue University. Where the […]
TUCSON, Ariz. — Limited credit availability, volatile currency exchange rates and global economic uncertainty will create an uphill climb for U.S. beef and pork exports in many foreign markets for the remainder of the year. This was the common theme provided by directors of the U.S. Meat Export Federation’s international offices at the federation’s Strategic […]
URBANA, Ill. — A recovery in corn and soybean prices over the next six months is generally expected, making ownership of the crops beyond harvest prudent, said a University of Illinois Extension marketing specialist. “The current price structure in the corn and soybean markets suggests holding physical inventory is the preferred way of owning corn, […]
WASHINGTON — The U.S. Department of Agriculture’s National Agricultural Statistics Service released a corrected U.S. Crop Production report Oct. 28. Supply and demand The department also issued an abbreviated global supply and demand report to reflect the revisions and is now projecting the 2008/2009 corn harvest at 12.03 billion bushels, down 167 million bushels from […]
URBANA, Ill. — Nervous cattle producers have received a bit of advice from a Purdue University Extension marketing specialist — don’t panic. “Odds favor a recession and not a depression,” said Chris Hurt in a report distributed by University of Illinois Extension. “Understanding the magnitude of the recession is becoming easier as the impacts of […]
HARRISBURG, Pa. — Based on conditions as of Oct. 1, Pennsylvania’s production of soybeans, all other dry hay, Maryland-type tobacco and grapes is expected to be above last year according to the Pennsylvania field office of USDA’s National Agricultural Statistics Service. Production of corn for grain, dry alfalfa hay, Pennsylvania seedleaf tobacco, Burley tobacco, and […]
Ohio’s corn grain production is down 14 percent from last year’s state production total.
REYNOLDSBURG, Ohio — Ohio’s old crop corn stocks in all positions Sept. 1 totaled 75.4 million bushels, 83 percent above the 41.3 million bushels stored one year ago. On-farm stocks, at 27 million bushels, accounted for 36 percent of the total stored and increased 93 percent from the 14 million bushels last year. Off-farm stocks […]
WASHINGTON — Higher corn yields are expected in China for 2008 compared to 2007 resulting in 6 billion bushels, said Cary Sifferath, U.S. Grains Council senior director in China. Sifferath and Charles Ring of the Texas Corn Producers Board toured corn fields in the Northeastern provinces of Heilonjiang and Jilin, China to assess the corn […]
WASHINGTON — The House of Representatives passed bipartisan legislation to suspend for the 2008 crop year a farm billprovision that required producers to have a minimum of 10 base-acres to receive program benefits. The House and Senate each passed by unanimous consent the Senate amendment to H.R. 6849, originally sponsored by Congressman Bob Etheridge of […]
DENVER — U.S. pork and beef exports continued their strong performance in July, as pork exports remain on an all-time record pace for the year and beef exports are achieving levels of success not seen since 2003. The torrid pace of 2008 pork exports has been largely attributed to skyrocketing volumes of pork destined for […]
STATE COLLEGE, Pa. — The AccuWeather.com Agricultural Forecast Center reports a scattered frost may nip the soybean crop in the upper Midwest early next week.
CHAMPAIGN, Ill. — An ethanol-fueled spike in grain prices will likely hold, yielding the first sustained increase for corn, wheat and soybean prices in more than three decades, according to new research by two University of Illinois farm economists. Price surge Corn, an ethanol ingredient which has driven the recent price surge, could average $4.60 […]
COLUMBUS — After the wind storm from Hurricane Ike, Ohio farmers are finding their corn in one of two states: either standing relatively well or taking a beating. It pretty much depends on the stage of maturity as to how difficult the crop will be to harvest. Wind damage appears most severe in drought-stressed corn […]
WASHINGTON — U.S. agricultural exports surpassed expectations in 2007, generating a record $82 billion for U.S. farm families and the economy in general. According to the USDA’s 2007/2008 marketing year-end report released Sept. 12, feed grains exports in 2008 largely surpassed 2007 numbers. U.S. corn exports totaled 59.9 million metric tons (2.35 billion bushels) up […]
REYNOLDSBURG, Ohio — Based on conditions as of Sept. 1, Ohio’s average corn yield is forecast at 152 bushels per acre, down 8 bushels from the Aug. 1 forecast but 2 bushels above last year’s state yield of 150 bushels per acre. Total production is forecast at 478.8 million bushels, down 12 percent from 2007. […]
“The cost of growing corn, soybeans and wheat increased dramatically for the 2008 crop and substantial increases are expected again for the 2009 growing season.” Bruce Erickson, Purdue Extension Cropping Systems Management director WEST LAFAYETTE, Ind. — A Purdue University agricultural economist recently gazed into his crystal ball and saw big dollar signs representing input […]
URBANA, Ill. — Early USDA forecasts for the 2008-09 corn and soybean marketing year project substantial declines in U.S. exports from the record levels reached in the 2007-08 marketing year, said a University of Illinois marketing specialist. “The sharpest decline is projected for corn,” said Darrel Good. “With U.S. corn and soybean stocks expected to […]
ST. LOUIS — LibertyLink® soybeans (A2704-12), from Bayer CropScience, have received final approval from the European Commission for importation into the European Union (EU) for food and feed use. This will allow the commercial launch of LibertyLink soybeans in the U.S. for the 2009 planting season. It’s been 10 years “It has been more than […]