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Markets Results

What triggered high milk prices? Exports

Friday, February 14, 2014

As a percentage of total U.S. production, we are now exporting more dairy products than corn. (We exported the equivalent of 31.2 billion pounds of milk, or more than the total annual milk production from New York, Ohio and Pennsylvania combined.)

Deere hits record first quarter earnings of $681 million

Thursday, February 13, 2014

Coming off a booming year, lower farm income expectations in 2014 will slow sales of John Deere agricultural machinery in the U.S. and Canada. Deere expects sales to be down 5 to 10 percent for the year.

Chesapeake Energy targets growth of 2-4 percent

Thursday, February 6, 2014

Chesapeake Energy is estimating 2014 production growth of 2 to 4 percent, targeting an average daily production rate of 680,000-695,000 barrels of oil equivalent.

N.Y.-based Dairylea merges with Dairy Farmers of America

Thursday, February 6, 2014

Members of Dairylea Cooperative Inc. approved a proposed merger with Dairy Farmers of America (DFA).

Beef expansion continues, but profit margins will still be tight

Wednesday, February 5, 2014

CattleFax expert: Cattle prices are expected to average $135 compared to $126 during 2013, an increase of 7 percent.

Vilsack and Sherrod Brown team up to push farm bill as economic driver

Wednesday, February 5, 2014

U.S. Sen. Sherrod Brown, D-Ohio, and U.S. Agriculture Secretary Tom Vilsack highlighted the 2014 farm bill in a sweep through Ohio Jan. 31 that included the Ohio Farmers Union annual meeting in Columbus.

Cash prices will barely cover direct costs of raising corn

Wednesday, January 22, 2014

There’s been shift in profit centers on some Midwestern dairy farms for a couple years, one that is likely to shift again in 2014.

House, Senate approve $1.1 trillion omnibus spending bill; ag research gets boost

Friday, January 17, 2014

This is the first comprehensive spending proposal for the federal government since the 2012 omnibus spending bill. The good news is that the bill increases discretionary funding for major ag programs.

Perdue closing chicken plant in Fredericksburg, Pa.

Wednesday, January 15, 2014

Perdue is closing a chicken production plant in Fredericksburg, Pa., and its related distribution center in Denver, Pa.

Pa. governor signs bill that classifies high tunnels as ‘temporary structures’

Thursday, December 26, 2013

Pa. Gov. Tom Corbett signed into law Dec. 23 a measure introduced by Sen. Elder Vogel that ensures high tunnel greenhouses are not considered permanent structures and categorized as real estate for tax purposes.

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