Quarterly Grain Stocks Report Bullish for Most Commodities
With more countries beginning to reopen from the COVID-19 shutdowns, export demand for U.S. commodities is increasing, a fact highlighted in USDA’s latest Quarterly Stocks report.
USDA
Soybean Acreage Increases Highlight Annual Prospective Plantings Report
Once every year, USDA releases their estimates on prospective plantings in the United States. For 2021, that report places the expectations for soybean plantings at 91.1 million acres, a 5 percent increase over last year.
Pork Stocks Expanding, Prices Improving, Export Demand Growing
USDA is projecting ending stocks for pork in the United States during February 2021 to grow 24 percent above levels last February.
Allendale’s Annual Acreage Estimates Ahead of USDA Report
Traders, and analysts are preparing for two reports from USDA.
USDA Announces Restart to CFAP Under New Program
USDA unveiled their new Pandemic Assistance for Producers program this week, establishing new programs and efforts to bring financial assistance to farmers, ranchers, and producers who felt the impact of COVID-19 market disruptions.
March 1 Cattle Inventory Second Highest on Record
Cattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 or more head totaled 12.0 million head on March 1.
Agribusiness Report: Ken McCarty
The longest-running farm program in West Texas, the AgriBusiness Report is our daily interview program with decision-makers in the world of Agriculture. Today’s guest is
Agribusiness Report: Tom Vilsack
The longest-running farm program in West Texas, the AgriBusiness Report is our daily interview program with decision-makers in the world of Agriculture. Today’s guest is
U.S. Pork Exports Stumble While Lamb Exports Improve
January pork exports, in volume, slipped 9 percent in January compared to one year ago and export values fell 13 percent according to the latest data from USDA.
Good Export Sales Report for Most U.S. Commodities
USDA’s Foreign Agriculture Service released the latest Weekly Export Sales Report on Thursday which highlighted positive growth in wheat, corn, soybeans, and cotton.
U.S. Red Meat Exports Struggle to Find Traction
U.S. beef and pork exports opened 2021 below the large volumes posted a year ago, according to January data released by USDA and compiled by the U.S. Meat Export Federation.
Latest World Agricultural Supply and Demand Report Neutral
According to USDA’s latest WASDE Report, white wheat exports are raised on continued strong sales and shipments to China and South Korea.
Spring Crop Insurance Prices Favor Soybeans Over Corn
New spring crop insurance prices for corn, cotton, and soybeans are at the highest levels in at least eight years, according to the American Farm Bureau Federation.
USDA Extending Deadline for Quality Loss Adjustment Program
USDA is extending the deadline for producers interested in applying for the Quality Loss Adjustment Program to April 9.
Three Decades Later, CCC Borrowing at 56% Loss
New legislation would give a much-needed boost to the Commodity Credit Corporation’s annual borrowing limit.
Changes Announced Relating to Mexico’s Cattle Export Program
USDA Veterinary Services recently announced changes to the bovine tuberculosis testing requirements for certain imported cattle from Mexico, which went into effect last Monday.
Vilsack Returns to Lead USDA While Making History
For the first time in the history of the United States, a former Secretary of Agriculture will be returning to the Whitten Building as the leader of USDA.
USDA Releases Latest Monthly Cattle on Feed Estimates
According to USDA feedlots have their second-highest inventory in 25 years.
Record-Setting Year of Exports Ahead According to USDA
USDA released their Outlook for U.S. Agricultural Trade Thursday morning during their 97th Agricultural Outlook Forum, held virtually for the first time ever.
Corn and Wheat Prices Increase on Tightening Supplies
Futures prices — the price of a contract to deliver a commodity at a certain time in the future – for wheat, corn, and soybeans have been trending higher since August 2020.
Agriculture Experiences Best Export Sales Year Since 2014
According to a recent report from USDA, agriculture trade through exports has increased 6.6 percent over the past year – reaching their highest levels since 2014.
USDA Offers Assistance to Producers Weathering Winter Storms
As a deadly winter storm crawls across the country, USDA is reminding rural communities, farmers, ranchers, families, and small businesses affected by the recent weather that the Federal government has programs that provide assistance to those in need.
Climate Change Headlines USDA’s 97th Annual Outlook Forum
USDA’s 97th Annual Agricultural Outlook Forum gets underway this week with the first presentation coming from Chief Economist Dr. Seth Meyer, who just returned to the Department after having been away for a few years.
Farmers Encouraged to Make ARC/PLC Election Before Deadline
The 2018 Farm Bill put into place safety net programs to help farmers survive substantial drops in crop prices or revenue. In order to participate, a producer must sign a 2021 enrollment contract before March 15.
USDA Expecting Higher Prices for Wheat and Corn
USDA released their latest World Agricultural Supply and Demand Estimates report Tuesday morning, and it appears the supply and demand outlook for U.S. wheat is largely unchanged this month.
Increases in 2020 Net Farm Income at Risk
Despite the challenges faced by agriculture producers over the past few years, inflation-adjusted net cash farm income is expected to increase nearly 24 percent in 2020.
USDA Announces Extension for General CRP Signup Period
The cornerstone of government conservation initiatives is the Conservation Reserve Program from USDA.
China Remains Top Buyer for Many U.S. Commodities
USDA’s Foreign Ag Service released their latest Weekly Export Sales Report based on reports from exporters for the period January 22-28.
Families Operating 96 Percent of All U.S. Farms
Family farms represent 96 percent of all U.S. farms, according to the 2017 Census of Agriculture Farm Typology report released last week by USDA’s National Agricultural Statistics Service.
Former Secretary Vilsack Returns to Senate Ag Committee
In a unique and somewhat unprecedented approach, the Senate Agriculture Committee met on Tuesday to consider the nomination of Tom Vilsack to become the next Secretary of Agriculture.
Producers Input Prices Increase in December, Receipts Decrease
USDA’s National Agriculture Statistics Service reports the December Prices Received Index decreased from November but increased slightly from December 2019.
USDA Institues Changes to LRP Insurance for 2021
According to the Risk Management Agency, the changes include increasing livestock head limits for feeder and fed cattle to 6,000 per endorsement, or 12,000 annually.
USDA’s Export Sales Report Shows Continued Strong Demand
USDA’s Foreign Agriculture Service released their Weekly Export Sales Report on Thursday, for the week ending January 21, 2021.
USDA Temporarily Suspends Some Past-Due Collections and Foreclosures
USDA has announced a temporary suspension of past-due debt collections and foreclosures for distressed borrows under the Farm Storage Facility Loan and Direct Farm Loan programs administered by the Farm Service Agency.
Unique Circumstances Delay Confirmation Hearing of Agriculture Secretary
Though President Biden has already selected his nominee for Secretary of Agriculture, Senate approval may take some time.
Good Week for Exports Sales Reported by USDA
USDA released their latest Weekly Export Sales Report on Friday, a day later than normal due to the Martin Luther King, Jr. Holiday on Monday.
Monthly Cattle on Feed Report Falls Within Expectations
Traders walked away from Friday afternoon’s monthly Cattle on Feed Report from USDA unfazed by the latest numbers.
USDA Deregulates Cotton Variety Resistant to Lygus Bugs
USDA’s Animal and Plant Health Inspection Service announcing the deregulation of a cotton variety that uses genetic engineering for resistance to certain insects, primarily tarnished plant bugs.
USDA Announces Final Rule Regulating Commercial Hemp Production
The final rule incorporates modifications to regulations established in October 2019 and is based on public comments and lessons learned during the 2020 growing season.
Growing Interest for Hemp Fueling Demand for Education
What is the newest old crop today? According to USDA, it’s hemp.
New USDA Tools Used for Meeting Innovation Challenges
USDA has released its U.S. Agriculture Innovation Strategy Directional Vision for Research summary and dashboard that will help to guide future research decisions within USDA.
USDA Announces Changes and Revisions to CFAP Program
The new round of CFAP, announced Friday, will expand eligibility for some producers and commodities.
2021 Agricultural Outlook Forum Theme: “Building On Innovation”
USDA is rolling out details of the 97th annual Agricultural Outlook Forum, to be held virtually in mid-February.
USDA Investing $12 Million for Feral Swine Control
USDA is investing $11.65 million in 14 projects to help agricultural producers and private landowners trap and control feral swine as part of the Feral Swine Eradication and Control Pilot Program.
USDA Projects Reduced Stocks For All Major Crops
USDA end of year stocks estimate for all major crops is fairly easy to report: all are lower than in 2019. Specifically, corn stocks are slightly lower while wheat stocks are down 9 percent, soybeans are off 10 percent and sorghum stocks are down 12 percent as of December 1.
2020 U.S. Pork Exports Continue Record-Setting Pace
November was a strong month for U.S. pork exports, according to data released by USDA and compiled by the U.S. Meat Export Federation, as totals have already surpassed the full-year volume and value records set in 2019.
USDA Increases Season-Average Price for Most Crops
Markets reacted favorably to USDA’s latest monthly World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday. Corn, soybeans, wheat, and cotton all closed higher on the overall positive news for 2021.
Larger Grain and Oilseed Crops in 2020, Lower Cotton
In what was the equivalent of a data dump of crop information on Tuesday, USDA rounded out their reports with an annual crop production summary for 2020.
During Transition Period, Career Staff Will Lead USDA
As the Federal government begins a slow transition to a new administration, Agriculture Secretary Sonny Perdue has announced interim staffing to guide USDA through the process.
Record Beef Exports in November, Annual Exports Lower
U.S. beef exports posted one of the best months on record in November, according to data released by USDA and compiled by the U.S. Meat Export Federation.