News
USDA to Purchase Pork and Pinto Beans for Nutrition Assistance
Published May 25, 2018
USDA has announced up to $177 million in purchases for federal nutrition assistance programs. A new streamlined system is beginning, which is designed to offer a more consistent process to monitor market conditions and make food purchases. A large variety…Hormel Reports 2Q Financials
Published May 25, 2018
Hormel Foods reports second quarter profits of $237 million. That’s up nearly 13 percent from last year, but it was below trade expectations. The truck shortage is driving up costs for the Minnesota-based company. The Jennie-O Turkey Store business has…CN Rail Makes Long-term Investment
Published May 25, 2018
Following the passage of transportation legislation in Canada, CN Rail announced it will move forward with plans to purchase 1,000 new grain hopper cars over the next two years. Older, lower-capacity cars will be phased out over time.H-2A Visa Improvements Proposed
Published May 25, 2018
USDA, the State Department, Labor Department and the Department of Homeland Security are proposing changes to the H-2A Agricultural Worker Visa program. The goal is to modernize and simplify the program. There will also be incentives for farmers to use…FY19 Ag Appropriations Bill Approved by Senate Committee
Published May 25, 2018
The Senate Appropriations Committee has approved the agriculture spending bill. The bill maintains support for crop insurance and other farm bill programs. It fully funds the expected demand for Farm Service Agency direct and guaranteed loan programs. There is language…U.S.-China Trade Negotiations Planned for Early June
Published May 25, 2018
According to the Chinese news agency, U.S. Commerce Secretary Wilbur Ross will be in China June 2-4 for another round of trade negotiations. Trump Administration officials have said the trade war with China is “on hold” but the trade dispute…Drought Monitor Updated
Published May 25, 2018
According to the Drought Monitor, severe drought conditions continue in north-central North Dakota, along the Canadian border. Moderate drought extends through a large share of northern North Dakota and most of western North Dakota and South Dakota. The recent rains…The Sugarbeet Report
Published May 24, 2018
The Sugarbeet Report is brought to you by SESVanderHave, HELM Agro US and Dow AgroSciences. This week, NDSU and U of M Extension sugarbeet agronomist Mohamed Khan provides a sugarbeet progress update.Grains and Livestock Close Lower
Published May 24, 2018
The grain market gave up its gains Thursday at the close. RML Trading President Bob Lebacken provides market commentary.