U.S. ethanol production reaches its highest weekly level since January, while diesel costs remain elevated, livestock feed-price ratios weaken and federal grazing policy shifts toward greater use of understocked allotments.
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Today’s Ag News Highlights
– U.S. ethanol production rose to 1.14 million barrels per day, the highest level since early January.
– Refining bottlenecks and tight diesel supplies continue limiting fuel-cost relief for farmers.
– Livestock feed-price ratios weakened as animal prices fell and feed costs increased.
– Interior officials are targeting greater use of vacant and understocked federal grazing allotments.
– Rising butter production is building inventories and keeping dairy prices under pressure.
– Early Thanksgiving food-cost estimates vary widely, with major retailers offering lower-cost meal promotions.