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Find out what the agency expects from corn, soybeans and wheat this year. Thursday, Feb. 22, marked USDA’s first look at 2018 acreage estimates. A day later, the agency followed up with its preliminary supply, demand and price outlooks for major grain crops for 2018/19. Although the report noted some interesting production shifts, grain markets neglected to make any significant adjustments in Friday morning trading, notes Bryce Knorr, Farm Futures senior grain market analyst.
The cash cheese market lost ground in the President’s Day-holiday shortened week. Cheddar block cheese inched up to $1.55 per pound Wednesday, only to shrink back and close Friday at $1.4950, down 4 1/2-cents on the week and 8 cents below a year ago. The barrels finished at $1.46, down 2 cents on the week and 5 3/4-cents below a year ago. Only three cars of block were sold last week at the CME and 31 of barrel. The blocks regained 3 cents Monday and added a half-cent Tuesday,
January Prices Received Index Decreased 6.2 Percent The January Prices Received Index (Agricultural Production), at 85.9, decreased 6.2 percent from December 2017. At 78.2, the Crop Production Index decreased 6.5 percent. The Livestock Production Index, at 94.5, decreased 5.1 percent. Producers received lower prices for market eggs, milk, tomatoes, and lettuce but higher prices for broilers, oranges, hogs, and cattle. Compared with a year earlier, the Prices Received Index is
During the past week, large precipitation events affected the Pacific Northwest, Southwest, southern Plains, Midwest, Ohio Valley, Tennessee River Valley, and mid-Atlantic, alleviating drought conditions or preventing further degradations in these areas. An active storm track in the coming week is expected to bring additional precipitation in the central and southern United States, which may result in further drought reductions. Conditions degraded in some areas of the Desert
Cash block Cheddar cheese closed Valentine week at a slightly more romantic $1.54 per pound, up 3 cents on the week but 4 cents below a year ago. The barrels closed at $1.48, up 12 cents on the week and 14 cents below a year ago, with 13 cars of block trading places and 38 of barrel. The markets were closed Monday for President’s Day and, after traders absorbed Tuesday morning’s Global Dairy Trade auction and anticipated Wednesday afternoon’s January Milk Production rep
During the 7-day period (ending Tuesday morning), heavy to excessive rainfall eased or eliminated dryness and drought across much of the eastern, southeastern, and southcentral U.S. Conversely, drought intensified and expanded from the central Corn Belt southwestward across the southern Plains into the Southwest, including much of southern California. Other modest changes to the nation’s drought depiction over the past 7 days included reductions to drought intensity in Montan
Cash cheese prices strengthened last week. The Cheddar blocks closed Friday at $1.51 per pound, up 4 3/4-cents, but 10 cents below a year ago. Barrels hit $1.36, up 3 1/2-cents on the week, 29 cents below a year ago, and 15 cents below the blocks. The blocks slipped three-quarter cents Monday but gained it back Tuesday, returning to $1.51. The barrels were unchanged Monday but inched up a quarter-cent Tuesday, to $1.3625. Spot and contract milk offers are abundant for cheesem
Popular Spokane Ag Expo speaker Art Douglas predicts a warm, dry Pacific Northwest after March. SPOKANE — The Pacific Northwest will remain wet through March and then turn dry in April, a weather expert predicted Tuesday. “Whatever moisture comes, it better come pretty quick,” said Art Douglas, professor emeritus of atmospheric science at Creighton University in Omaha, Neb. Douglas delivered his annual forecast Feb. 6 at the Spokane Ag Expo and Pacific Northwest Farm Forum. H
La Nina weather pattern won’t change through spring, but could fade this summer. Meteorologist Art Douglas offered little hope of relief through spring for the dry spell gripping the majority of the US right now. Douglas is a long-term weather forecaster and professor emeritus from Creighton University, and also serves as meteorologist for CattleFax. He presented his forecast for 2018 at the annual CattleFax outlook seminar during the National Cattlemen’s Beef Association con
During the 7-day period (ending Tuesday morning), near- to above-normal precipitation was observed from the interior Southeast into New England, while dryness intensified across the southern half of the Plains and much of the southwestern quarter of the nation. Drought continued to expand on the southern Plans, while a reduction in drought intensity and coverage was noted in parts of the south and east where rain and snow were heaviest. The situation across the western U.S. p