Markets Articles
Weather Still Significant to the Grain Trade
Published June 13, 2021
U.S. Commodities President Don Roose says the rain that moved through the Dakotas and Minnesota set the grain market on edge Friday. “This market is so weather sensitive and with the surprise rains coming through, this spooked the bulls and…USDA’s June Acreage Report Top-of-Mind
Published June 13, 2021
The June USDA Supply and Demand report did not have much for the grain trade. AgriSompo North America market analyst Sterling Smith says all eyes will be on the acreage numbers coming out on June 30. The crop progress and…Inflation on the Rise
Published June 11, 2021
The rate of inflation in the United States has reached its highest level since 2008. The Labor Department report put the consumer prices index at an annual rate of five percent in May. That’s up from 4.2 percent in April…Ag Groups Cite the Importance of Infrastructure
Published June 10, 2021
Thirty-plus farm groups have signed off on a letter to congressional leadership, highlighting the importance of an infrastructure bill for agriculture. Farm products make up nearly 25 percent of freight moved by all modes of transportation, making agriculture the single…U.S. Beef Exports Breaks Records During March
Published June 10, 2021
U.S. beef export values topped $808 million for the month, up 35 percent from one year ago. Beef export volumes rose 23 percent. A record amount of beef exports went to South Korea and China. U.S. pork exports were also…Investigating Vulnerabilities in the Meat Packing Sector
Published June 9, 2021
South Dakota Senator John Thune went to the Senate floor Wednesday to discuss the ransomware attack on JBS. Thune said the JBS hack resulted in a temporary shutdown. Thune said that ongoing possibility creates a serious problem for farmers, ranchers…IDFA Highlights Dairy Industry’s Economic Influence
Published June 9, 2021
The U.S. dairy industry has a $753 billion economic impact and supports 3.3 million jobs. Cheese is the biggest dairy product in the Upper Midwest and the International Dairy Foods Association’s study found cheese has a $55 billion direct economic…Market Transparency is Needed
Published June 8, 2021
The big spread between packer profits and cash cattle prices continue to deliver heartburn to the beef industry. American Farm Bureau Federation President Zippy Duvall says more market transparency is needed. "We need a fair price for our cattle." AFBF,…Consider an Options Strategy to Market During Drought Conditions
Published June 7, 2021
Production uncertainty due to drought means farmers are reluctant to market the new crop. NAU Country Vice President of Farm Services Rich Morrison says an options strategy will help farmers take advantage of high prices without committing bushels to an…