Markets Articles
Farm Economy Moderates
Published August 18, 2023
Despite high interest rates and a pullback in the economy, farmland values remained strong during the second quarter. According to a report from the Federal Reserve Bank of Kansas City, the value of non-irrigated cropland is up seven percent from…Grain is Moving on the Danube River
Published August 18, 2023
During the first two weeks of August, Ukraine exported 820,000 metric tons of grain through its ports on the Danube River. This became the primary shipping route after Russia pulled out of the Black Sea Grain Initiative. Earlier this week,…Colombia Wants a FTA ‘Redo’
Published August 18, 2023
Colombian President Gustavo Petro wants to renegotiate its free trade agreement with the United States. Petro said he needs to protect his farmers from the influx of lower-priced U.S. imports. The U.S.-Colombian Trade Promotion Agreement has been in place for…First Ship Successfully Moves Through ‘Grain Corridor’
Published August 18, 2023
A container ship filled with grain left the Ukrainian port of Odessa Wednesday and arrived in Turkey. This is the first ship to use the temporary Black Sea shipping corridor created by Ukraine. While the first shipment was successful, the…Butter Market Rallies
Published August 17, 2023
Cash butter reached a 2023 record high price Thursday. It was also the day with the highest volume of trades for a single session since 2004. DairyVisor President Joe Spader says the butter supplies are short causing the market to…Feeder Cattle Market Influenced by Tight Supplies
Published August 16, 2023
This is a time of the year when feeder cattle prices typically see seasonal weakness. Van Ahn and Company market analyst Steve Witt does not expect that to happen this year. Cattle numbers are tight and it will take time to…An Alternative Route for Ukrainian Grain
Published August 16, 2023
Due to the war time dangers on the Black Sea, discussions are underway to promote different routes to export grain out of Ukraine. There is a plan to move four million tons of grain per month through the Danube River.…A Good Time to Sell Cattle
Published August 15, 2023
If these early prices are an indication of what's to come, Napoleon Livestock Auction owner Paul Bitz is looking forward to the fall feeder run. "A 900-pound steer can bring $2.50-$2.55 and an 800-pound steer is at $2.55-ish. The market…Time Needed to Assess Land Value Trends
Published August 14, 2023
The USDA recently released farmland data, highlighting another year of increased values. Acres and Shares broker Jayson Menke says it is too early to get a handle on current trends. “Most of the farmland is sold from fall until spring…