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AgWeb.com 05/31/2020 08:00
By Dan Kelley: Normal, Illinois. At a time when millions of Americans are losing their jobs, many farmers are feeling blessed to have work. But that doesn’t mean that the coronavirus hasn’t hurt us. The prices we receive for what we grow. had already declined significantly over the last few years, and now the pandemic is making 2020 even more financially difficult. We have lost markets due to trade wars, tariffs and disease. African Swine fever decimated pork herds across China and South Asia, obliterating the need for feed like the soybeans their producers were sourcing from the U.S. Lower fuel costs help when we fill our gas tanks, but we also rely on the ethanol industry. as customers. . Ethanol is produced from corn and its use has decrease.
AgWeb.com 05/29/2020 17:20
Market Watch with Alan Brugler. May 29, 2020. Science Experiments. If you compress solids, liquids or gasses into smaller spaces, you typically get higher heat and pressure. If there are any gaps or weak spots in the containing vessel, you get bubbles, jets and fountains of escaping material! The US and global economies have been slowing because of COVID-19 and various measures to slow the spread and limit the fatalities. That’s putting pressure on household budgets, and distorting distribution and demand channels. There is lots of money chasing food and toilet paper, less chasing airline tickets and stadium seats. It is also putting mental pressure on people, with calls to crisis prevention lines and drug overdoses rising. The central banks a.
AgWeb.com 05/29/2020 16:46
Many of the same principles that apply to making a business successful, apply to operating a successful dairy. One fundamental factor for any business is establishing and maintaining a strong team. While the team behind a dairy may look different than that of a traditional business, they all have the common goal of making their companies profitable. The team behind a dairy consists of individuals focused on improving and maintaining herd health, because a dairy is only successful if its animals are healthy and producing. The individuals who comprise this team must be able to provide the skills and expertise needed to develop practices to maintain healthy animals. The farm manager, veterinarian and nutritionist are typically the individuals
AgWeb.com 05/29/2020 15:57
Tensions are growing between the U.S. and China. President Donald Trump held a press conference on Friday, May 29, throwing out a laundry list of actions by China – actions the President says needs to stop. The White House accused China of theft and blamed China for its mishandlings of coronavirus in the beginning, including accusations China withheld information. The Trump Administration even announced the decision to terminate the Unite States’ relationship with the World Health Organization because of it. While the President announced actions against China and some Hong Kong leaders on Friday, including suspending the entry of certain foreign nationals from China who are deemed a security risk, the he says all actions are to protect the
AgWeb.com 05/29/2020 15:39
Finally, the grain markets provide some good news. For the week ending May 29, July corn prices were up nearly 8¢, July soybean prices were up 7.5¢ and July wheat prices were up 12.25¢. “I’ve been advocating patience for the past three weeks in making any major decisions, as soybeans and corn prices have been in a sideways choppy trading affair awaiting more information,” says Jerry Gulke, president of the Gulke Group. May was essentially a choppy and go-nowhere month, he explains. If you look at the soybean price chart below, you’ll see prices ended the month no better than where the month started. “Corn has been positive for quite a while, but it hasn't gone anywhere,” he adds. June is a critical month for crop production and price direct.
AgWeb.com 05/29/2020 11:52
Your federal government spent $22 million in 2018 on a development grant to subsidize the production of Sjenica cheese – a unique creamy white cheese produced only in the rural highlands of southwest Serbia. Yes, Serbia, the landlocked country of 7 million people in southwestern Europe. We know about Uncle Sam subsidizing Sjenica cheese because of Kentucky Senator Rand Paul’s “Waste Report,” an annual summary he produces as part of an ongoing project for the Subcommittee on Federal Spending Oversight and Emergency Management. At the time the Waste Report was published, the United States was sitting on a 1.4 billion-pound cheese surplus – largely created by increasing dairy production and a decline in consumption of milk and cheese. As Eric
AgWeb.com 05/29/2020 11:29
Recent reports from Fortune magazine state plaintiff attorneys received a verbal agreement from Bayer for a $10 billion settlement for 85,000 lawsuits in relation to glyphosate. The lawsuits claim the weed killer caused non-Hodgkin lymphoma. “Given that even a summary of the settlement terms has not yet been released by Bayer or the plaintiffs’ attorneys, it is important to be circumspect in commenting on the leaked terms of the Bayer deal, which lack real detail. Although it is likely that individual recoveries are tiered, based on varying case factors, little can be said about what this means for the thousands of plaintiffs whose claims may be at stake without more information,” says Robert King a partner with Korein Tillery, LLC. Bayer s.
AgWeb.com 05/29/2020 10:58
The U.S. is at a pivotal threshold. All 50 states are beginning to reopen in some form or fashion after the coronavirus (COVID-19) sent the country into lockdown. See how all 50 states are reopening in . Since the COVID-19 crisis began, epidemiologists have warned of a potential second wave of cases. Will one emerge as states reopen? A developed at the University of Missouri provides a continuously updated 14-day snapshot of new cases of COVID-19 in every county in the nation, helping the public monitor trends in cases as local stay-at-home restrictions are lifted and other measures are gradually repealed. See the tracking tool:. The dashboard versions were developed by MU Extension’s Center for Applied Research and Engagement Systems (CARES.
AgWeb.com 05/29/2020 10:54
There is certainly no shortage of proverbs that instruct us to be patient. That could speak to the fact that we as a species are not very good at that, particularly in this era of instantaneous reward. "You mean I cannot have it delivered today?" We have heard them all before; Patience is a virtue, to everything there is a season, a penny saved is a penny earned, and of course, good things come to those who wait. In fact, I suspect that most of us have used such pithy advice on more than one occasion, undoubtedly, to temper an anxious child or possibly co-worker. Regardless, as with all such sayings that have stood the test of time, there is also an element of truth, and that appears to have been borne out by the corn market's performance y.
AgWeb.com 05/29/2020 10:30
Good Morning farm country. Davis Michaelsen here with your morning update for Friday May 29. From Pro Farmer’s First Thing Today, these are some of the stories we are watching this morning:. Corn futures strengthened overnight, with futures currently up a penny. Soybean futures are trading high-range but down 1 to 3 cents in 2020 contracts, with far deferred months steady to a penny higher. Winter wheat futures opened under pressure, but the markets have since strengthened to trade 1 to 2 cents higher. Spring wheat futures are fractionally lower. The greenback has dropped to its lowest level since mid-March. Crude oil futures are also under pressure. President Donald Trump will hold a press conference to address China’s actions to tighten it.
AgWeb.com 05/29/2020 08:33
Think about it. Birthdays without your friends are like chips without salsa. It’s ok, but it’s far less rewarding to eat chips alone. Lately, I’ve been reminded of how friendships, like salsa, make life’s moments worth celebrating. Perhaps I’ve got birthdays on the mind because we celebrated a birthday every few weeks in this house during our shelter-in-place order in Illinois. A Zoom gathering wasn’t quite the same as the inflatable archery party we threw for our son last year. Does life really get better than shooting inflatable bows and arrows at each other when you’re 11? As I reflect on the last few months, I can’t help but think how “social distancing” has taken away so many of the joys in my life, most notably, opportunities to conne.
AgWeb.com 05/29/2020 06:39
Good Morning from Allendale, Inc. with the early morning commentary for May 29, 2020. Grain Market traders are on edge awaiting President’s Trump’s news conference on his Administration’s response to China imposing new security laws on Hong Kong. We also expect to see some position evening today as the May trading month comes to a close. Weekly export sales will be released this morning at 7:30 AM CDT. Traders expect to see corn sales of 550,000 to 1,300,000 tonnes (new and old combined), soybeans 600,000 to 1,400,000 tonnes, and 150,000 to 600,000 tonnes of wheat. Ethanol production improved from 663,000 barrels per day up to 724,000. Vs. last year that went from -38.1% to now -31.5%. The European Commission lowered its estimate of EU whea.
AgWeb.com 05/28/2020 18:20
Oliver Sloup breaks down the technicals for August live cattle. Reach out to learn more about our new Ag Trade Alerts program or Sign up for your FREE trial of our daily commodity reports! Call/Text/Email, Oliver with any questions. Oliver@BlueLineFutures.com and 312-837-3938. Futures trading involves substantial risk of loss and may not be suitable for all investors.
AgWeb.com 05/28/2020 16:51
This article was written by Kinsie Rayburn, Conservation Knowledge Officer, Trust In Food. You can learn more at: www.trustinfood.com https://bit.ly/Farm-Data-TIF. Would you like to use your farm data to improve your management and agronomic decisions but don’t know where to start? If so, good news: there are numerous data solutions available that can help you capture data from on-farm management decisions such as seed choice, irrigation scheduling, fertilizer inputs, ear-marking the start of a practice change, documenting annual changes in productivity and yields, and more. With this data in hand, you can compare decisions across seasons to see what works best for you and your operation. Here are five ways you can start or improve your data.
AgWeb.com 05/28/2020 16:11
The number of market-ready cattle backlogged in feedyards may not be as large as previous estimates. While any tally of cattle currently waiting on available shackle space is – at best – an estimate, an analysis of 2020 Cattle on Feed and slaughter data from USDA suggests industry estimates of 1 million cattle backlogged may be overstated by as much as 50%. “After a closer analysis of the flow of cattle through feedlots from Cattle on Feed reports, steer and heifer slaughter, and packing plant capacity utilization, I believe the 1 million head backlog figure is too large,” says Sterling Marketing president John Nalivka, Vale, Ore. “Instead, the backlog in feedlots from the April slowdown is probably closer to 400,000 to 550,000 head.”In de.

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