Markets Articles
Basis Swings Could Happen
Published July 25, 2018
Van Ahn and Company CEO Jim Emter says be mindful of basis level which could swing widely with trade uncertainty and harvest fast approaching. "With St. Louis really being the only bid for the PNW market right now, which would be…Sign-Up Program Details for USDA Program TBD
Published July 24, 2018
USDA’s Chief Economist Rob Johansson says USDA is working on details of a sign-up program. This will be part of a rule making action in a few weeks with estimated payment rates. USDA’s Assistant Deputy Administrator for Farm Programs Brad…Cold Storage Report Confirms Record Meat Supplies
Published July 24, 2018
There is a record amount of meat in cold storage. USDA reports as of June 30, there’s eight percent more beef supplies in cold storage than one year ago at 448.6 million pounds. Total red meat supplies in freezers are…Cold Storage Report Shows Strong Demand
Published July 24, 2018
INTL FCStone Chief Commodities Economist Arlan Suderman says there may be a record supply of meat in storage, but USDA’s cold storage report shows strong demand. "We had a bigger draw down in particularly the beef than I think was what…Trifecta of Uncertainty Impacting Livestock Markets
Published July 23, 2018
As of late, there are three major factors influencing livestock markets: weather, record high production and trade uncertainty. That’s according to NDSU Extension livestock economic Tim Petry. "The beef side is experiencing record exports, but we have to keep those…Neutral COF Report
Published July 23, 2018
Friday’s USDA Cattle on Feed report came in about as the trade expected with placements up one percent from a year ago at 1.8 million head. Marketings in June are up one percent and right at the trade guess at…MN Trade Team Heads to Taiwan
Published July 19, 2018
Minnesota Agriculture Commissioner Dave Frederickson will lead a trade trip to Taiwan at the end of this month. Frederickson will continue a relationship that was developed a couple years ago. "At that time, I had told them I hope you'll…Farm Lenders Preparing for Trade Uncertainty
Published July 16, 2018
Farm lenders are preparing to deal with trade uncertainty this fall. Barry Hanson, Executive Vice President, United Valley Bank, believes calmer heads will prevail. "I think China needs us. Maybe I'm just being naive and hopeful, but I think it…Not Much Optimism for China Trade Talks
Published July 14, 2018
Valley City, North Dakota farmer and American Soybean Association director Monte Peterson says the China trade dispute and the status of the North American Free Trade Agreement are top-of-mind. He met with the Chief Agriculture Negotiator in the office of…