Coronavirus was the only topic of discussion that really matters once again this week. Depending on which way the headlines read, the stock market was either sharply higher or sharply lower. We even had the largest one-day point day ever on the Dow Jones. The volatility and the uncertainty, …
As agricultural markets respond anxiously to China’s attempts to control its coronavirus outbreak with a countrywide quarantine, economists are urging patience.
Legislation enacting a new trade agreement between three North American countries supported by the entire Oklahoma delegation who viewed it as a win for Oklahoma was signed by President Donald Trump.
The United States made important progress in two trade agreements last week — victories applauded by many farmers, ranchers and farm groups around the nation.
WASHINGTON (AP) — President Donald Trump on Wednesday described an initial trade agreement with China as “righting the wrongs of the past and delivering a future of economic justice and security for American workers, farmers and families."
The Minneapolis Star Tribune ran a story this month about how many farmers prefer older, simpler, equipment to modern tractors that are vastly more complicated and more expensive: For tech-weary Midwest farmers, 40-year-old tractors now a hot commodity. The article spread on the web in short…
With 2019 coming to an end, it’s time to reflect on the biggest stories in agriculture. It’s been a year full of uncertainty and never-ending breaking news, but here is our list of the year’s biggest ag stories.
We seem to have made some progress on the trade deal with China. As usual, the details are lacking but it seems that we are going to hold off on new tariffs, roll back some old ones, the Chinese are going to buy more ag products, and they are also going to implement rules on intellectual pro…
TOKYO (AP) — Japan’s Parliament on Wednesday last week approved a trade deal that was agreed upon by President Donald Trump and Japanese Prime Minister Shinzo Abe earlier this year.
The November supply and demand report didn’t provide the bullish spark that the bull camp needed. Corn yield was cut more than expected to 167 bushels per acre, but since harvested acreage was left alone, production, and then ending stocks, ended up higher than expected. The corn market stil…
The grain markets didn’t feel particularly strong this week, but the corn, wheat and soybeans all closed higher for the week. There were several factors at work for the bull camp, such as solid demand for soybeans and wheat, and problematic weather in much of the US. Trade news has waffled b…
Grains markets spent most of the week slipping lower. There wasn’t a major news item that was the main catalyst for the pressure, but it was more of a lack of fresh supportive news to keep the markets moving upward. Technical indicators were overbought and we were due for a corrective break,…
KANSAS CITY, Mo. (AP) — A Missouri cattle farmer charged Wednesday with two counts of first-degree murder shot two brothers from Wisconsin, burned their bodies and dumped the remains on a manure pile on his property, investigators said.
African Swine Fever continues to roil protein markets in Asia, especially China, and other parts of the world. The disease continues to spread and impacts are growing and very dynamic in nature.
The U.S. Department of Agriculture gave us some friendly numbers in the Quarterly Stocks report, which helped to propel corn and soybeans higher. Wheat saw some spillover strength, but for the most part this week’s data wasn’t too helpful for wheat and that market has been reliant on harvest…
UNITED NATIONS (AP) — The U.S. and Japan on Wednesday signed a limited trade deal that will eliminate tariffs and expand market access on farm, industrial and digital products. But the deal does not address autos, a key sticking point during months of contentious negotiations, and President …
The U.S. Department of Agriculture reported Sept. 1 feedlot inventories at 10.98 million head, down 1.3 percent from one year ago. This is the first year-over-year decrease in monthly cattle on feed totals in 33 months, since December 2016. A larger than expected decrease in August placement…
Beef and pork producers have a reason to celebrate with the announcement that a trade agreement between the U.S. and Japan will level the playing field with their international competitors.
On Friday, Aug. 2, President Trump signed an agreement to establish a duty-free quota for American beef from non-hormone treated cattle in the European Union.
The federal government will require most cattle to bear a radio frequency tag in the next few years, according to the Kentucky Office of the State Veterinarian.
Ag producer sentiment rebounded in June as farmers’ expressed a more optimistic outlook toward the future of the ag economy. The Purdue University/CME Group Ag Economy Barometer, based on a mid-month survey of 400 agricultural producers across the U.S., increased to a reading of 126 in June,…
MEXICO CITY (AP) — Mexico's Senate voted overwhelmingly Wednesday to ratify a new free trade agreement with the United States and Canada, making it the first of the three countries to gain legislative approval.
The Trump Administration recently announced plans to lift the 25 percent tariff on steel and the 10 percent duty on aluminum imports imposed last year on Canada and Mexico. Both countries subsequently retaliated against a host of U.S. products.
WASHINGTON — President Donald Trump’s proposal to slash the agriculture department’s budget by 15 percent left Oklahoma farmers “bewildered” by the administration’s mixed message to the financially-distressed industry it has long supported.
President Donald Trump signed a $867 billion farm bill on Thursday to reauthorize agriculture and conservation programs. The bill did not make cuts to the food stamp program, according to the Associated Press.
BISMARCK, N.D. (AP) —The resumption of soybean sales to China last week is encouraging to American farmers who have seen the value of their crop plummet amid a trade war with the world's second-largest economy, but producers see it only as a small step and say they need more federal aid.
WASHINGTON (AP) — Cabinet chiefs and GOP lawmakers celebrated alongside farm and business leaders Tuesday, Dec. 11 as the Trump administration made good on one of its biggest promised environmental rollbacks, proposing to lift federal protections for thousands of waterways and wetlands nationwide.
TORONTO (AP) — Canada was back in a revamped North American free trade deal with the United States and Mexico late Sunday after weeks of bitter, high-pressure negotiations that brushed up against a midnight deadline.
With strong support and input from the National Pork Producers Council, the United States and Argentina this week finalized an export certificate that allows the U.S. pork industry to ship product to the South American country.
U.S. agricultural trade is being threatened by a storm of policy challenges and political rhetoric. As the political discussions continue, it’s important to not lose sight of the basic economic principles that are the foundation for all trade.
Kent Bacus, Director of International Trade and Market Access for the National Cattlemen’s Beef Association, today issued the following statement regarding the announcement that China has included American-produced beef on a list of proposed retaliatory tariffs:
Following China’s announcement of a proposed 25 percent tariff on imported U.S. soybeans, the American Soybean Association is again expressing its extreme frustration about the escalation of a trade war with the largest customer of U.S. soybeans, and calling on the White House to reconsider …
So far in 2018, beef production is higher year over year as expected, with increased cattle slaughter and carcass weights. Beef demand has continued strong carrying forward momentum from 2017. Cattle prices, both feeder and fed, along with wholesale and retail beef prices have generally been…
U.S. Secretary of Agriculture Sonny Perdue recently applauded Transportation Secretary Elaine Chao for her announcement of an additional 90-day extension of the agriculture exemption from the Electronic Logging Device mandate. Agricultural compliance with the mandate would have been problema…
Due to the Electronic Logging Device mandate, mass confusion in the agricultural industry has been prevalent — not just in social media, but in daily conversations as well. There have been a lot of abbreviations and misinformation tossed about. Joe Q Public has had a hard time separating f…
As a rural Kansas resident, I feel compelled to express my growing concern about the negative effects the Electronic Logging Device Mandate, Commercial Motor Vehicle classifications, and Commercial Driver’s License requirements have on the agriculture and livestock industries. With the exten…
LITTLE ROCK, Ark. (AP) — Arkansas' ban on the use of a weed killer blamed by farmers in several states for crop damage will remain in place after a state judge dismissed a legal challenge by a maker of the herbicide.
The future of beef depends on the production of cattle that balance maternal, structural, performance and carcass quality traits —without sacrificing one over the others.
The Jan. 1, 2018, inventory of cattle in feedlots was 11.49 million head, 108.3 percent of year earlier levels. This is an increase of 884,000 head compared to Jan. 1, 2017, and is the largest January on-feed total since 2012. For the 12 months of 2017, feedlot placements totaled 23.5 millio…
Since the turn of the year, Congress and the Trump administration have been haggling over legislative priorities. Many issues are on the agenda, from health care to infrastructure, but there has been little mention of a key priority: The 2018 farm bill.
RUSHVILLE, Ind.-- On Keith Schoettmer’s hog farm on a cool late-summer day, there’s little evidence that thousands of animals live inside barns on the property.
ATLANTA — Georgia pecan and cotton growers need near-perfect weather in the coming weeks to salvage the mangled mess left in the wake of Tropical Storm Irma, says the state’s top agricultural official.
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