Articles tagged under: USDA
USDA Makes LRP Improvements for 2021
Published January 19, 2021
USDA's Risk Management Agency has made changes to the Livestock Risk Protection (LRP) insurance plan for 2021. The program includes improvements for feeder cattle, fed cattle and swine. “These changes are a direct reflection of that feedback and will improve…Bronough is the Nominee for USDA Deputy Ag Secretary
Published January 18, 2021
President-elect Joe Biden announced sub-cabinet positions today, including Deputy Ag Secretary nominee Jewell Bronaugh. Bronaugh currently serves as the commissioner of the Virginia Department of Agriculture and Consumer Services. She’s been a former State Executive Director for the Farm Service…Vilsack Meets with Lawmakers and Ag Groups Ahead of Confirmation
Published January 13, 2021
Ahead of the confirmation process, Agriculture Secretary Nominee Tom Vilsack is meeting with lawmakers and agriculture groups. Minnesota Senator Tina Smith met with Vilsack via Zoom. The conversation centered around rural broadband, biofuels and the implementation of COVID-19 relief. "I…Stocks Tighten
Published January 13, 2021
In USDA's Quarterly Stocks report, the agency lowered U.S. corn ending stocks by five million bushels to 11.32 billion bushels from the December report. Soybean stocks are reported at 2.93 bullion bushels, down 319 million bushels from December. Wheat stocks…Grain Markets Expected to Remain Firm Longer-Term
Published January 12, 2021
Clayton Pope Commodities President Clayton Pope expects the grain markets to remain firm longer term now that the January report is out of the way. Pope wonders if the details of the report even matter given the amount of outside…Friendly USDA Report Brings Higher Market Close
Published January 12, 2021
Friendly numbers from the January WASDE report caused grain markets to close higher on Tuesday. Progressive Ag Marketing market analyst Brian Strommen says the old crop corn months closed limit higher. "The lower production number, lower ending stocks and the…USDA Lowers Global Corn, Soybean and Wheat Production
Published January 12, 2021
USDA lowered global corn production 9.3 million tonnes in the January Supply and Demand report to 1,438 million metric tons. The crop declines in Argentina and Brazil will more than offset increased production in China and India. USDA lowered global…USDA Lowers U.S. Corn and Soybean Production
Published January 12, 2021
The latest USDA estimate for 2020 corn and soybean production was below last month's report and the average trade guesses. U.S. corn production is at 14.2 billion bushels compared to December’s estimate of 14.5 billion bushels. Corn yield is at…National Potato Council Meets with Vilsack
Published January 9, 2021
National Potato Council CEO Kam Quarles and others in the fruit and vegetable industry met with Agriculture Secretary Nominee Tom Vilsack. The session was organized by the Biden Transition Team to get a better understanding of potato industry priorities. Quarles…