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Markets Results

Good news for the cattle industry

Tuesday, August 5, 2008

URBANA, Ill. — Better days are likely ahead for the cattle industry, according to a Purdue University Extension marketing specialist. “As numbers keep dropping, producers adjust inventories downward in the face of high feed and forage prices,” said Chris Hurt. “At mid-year, the number of all cattle and calves was modestly lower than the two […]

USDA increases limits for direct loans

Tuesday, July 29, 2008

WASHINGTON — Agriculture Secretary Ed Schafer has put into place a new farm bill provision, increasing the limits on loans to $300,000 — up from $200,000 — for direct farm ownership and operating loans. Farm Service Agency (FSA) loan limits remained unchanged since 1984. “Our Farm Service Agency has already started making loans with today’s […]

Acreage report: Some Ohioans switched to soybeans

Monday, July 21, 2008

Ohio’s farmland planted to corn is down 13 percent from 2007; soybeans up 11 percent.

Grain and oilseed prices continue to rise in June

Monday, July 21, 2008

Ohio’s June corn price of $6.67 per bushel is up $1.13 from May, and the state’s June soybean price of $13.90 per bushel is up $1.80 from May, and $6.18 above what was received at the same time last year.

Forecast favorable for Midwest corn pollination

Tuesday, July 15, 2008

Weather during the end of July can make or break the Midwest corn crop.

U.S. beef and pork riding export wave

Tuesday, July 15, 2008

May pork sales set yet another monthly record while beef exports reached their highest levels since December of 2003.

Corn stocks higher than expected

Friday, July 11, 2008

The USDA’s July report shows a tight supply and demand situation for both corn and soybeans.

Farmers have until Aug. 15 to report acres

Friday, July 11, 2008

SPRINGFIELD, Ill. — The USDA’s Risk Management Agency is giving additional time, until Aug. 15, for submitting acreage reports for all 2008 crop year spring-seeded acreage in areas impacted by flooding and extreme weather conditions. Because of the possible difficulty in timely reporting due to disruptions in communications and other important infrastructure, the agency has […]

Pioneer’s new Y Series soybeans hit market

Friday, July 11, 2008

Pioneer Hi-Bred launched a new generation of soybean varieties with a 5 percent yield advantage.

Ag economist puts farm bill into more user-friendly terms

Wednesday, July 9, 2008

COLUMBUS — With more than 600 pages and 15 titles, grasping a firm understanding of the 2008 farm bill can be daunting. But Ohio State University agricultural economist Carl Zulauf has made things a bit easier. Zulauf has summarized the titles and accompanying provisions of the farm bill through a series of Web-based documents. The […]

July starts with falling corn prices

Wednesday, July 9, 2008

By Mike Roberts Commodity Marketing Agent, Virginia Tech BLACKSBURG, Va. — Corn on the Chicago Board of Trade finished limit down again July 7, with the exception of the July 2008 contract. Falling corn prices were a result of long liquidation, minor profit taking and forecasts for better weather in the Corn Belt. The July […]

USDA issues advance direct payments

Monday, July 7, 2008

U.S. farmers will receive up to $1.15 billion in 2008 advance direct payments.

Damaged crop costs top $8 billion

Saturday, July 5, 2008

Crops have incurred more than $8 billion in estimated weather-related damage so far in 2008.

USDA’s CCC boosts lending rates for July

Tuesday, July 1, 2008

WASHINGTON — The USDA’s Commodity Credit Corporation announced interest rates for July 2008 on July 1.

USDA: More grain stocks than thought

Monday, June 30, 2008

URBANA, Ill. — The USDA’s June Grain Stocks and Acreage reports revealed larger numbers than generally expected. These current estimates were negative for corn prices, but provided some support for soybean prices. “Taken together, the USDA reports were negative for corn prices,” said Darrel Good, University of Illinois Extension economist. “With a slowdown in corn […]

Congresswoman calls for an end to market manipulation of oil, gas markets

Friday, June 27, 2008

WASHINGTON — Connecticut Congresswoman Rosa L. DeLauro is focusing on congressional action to close loopholes that may be responsible for market manipulation of the oil and gas markets and/or excessive speculation. DeLauro spoke on the floor of the U.S. House or Representatives in support of Energy the Markets Emergency Act expected to be passed by […]

U.S. pork exports jump 200 percent

Thursday, June 26, 2008

DENVER — Ten years ago, the U.S. exported 1.116 billion pounds of pork, making our nation the source of about 1 pound of every 6 pounds of pork traded globally. How times have changed. In the first four months of 2008 alone, the U.S. pork industry already has exported 1.389 billion pounds of pork products […]

Soybean enemies’ days are numbered

Thursday, June 26, 2008

DES MOINES, Iowa — DuPont business Pioneer Hi-Bred says it has identified and incorporated new proprietary molecular markers into its soybean research program. The new markers significantly enhance the company’s ability to bring to market soybeans resistant to three common destructive soybean pests: Asian soybean rust, soybean aphids and frogeye leaf spot. Boosting yields “These […]

Many simply can’t afford corn prices under current circumstances

Wednesday, June 25, 2008

WEST LAFAYETTE, Ind. — Inexpensive and abundant corn helped move the ethanol industry onto the alternative fuels fast lane. With corn prices now at record highs, demand outpacing supply and crop losses inevitable with the Midwest floods, ethanol production could soon be stalled, a Purdue University Extension agricultural economist said. As corn prices continue climbing, […]

Has grain market reached its peak?

Monday, June 23, 2008

Livestock market reacts with mixed signals: Higher futures may dampen liquidation expectations.

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