This Week's Drought Summary (3/29)

Early in the drought week, moderate precipitation fell in an area covering southern Minnesota stretching southeastward through central Iowa and Illinois, southern Indiana, Kentucky, southwestern Virginia, and much of North Carolina. Heavier precipitation fell in coastal California and the Sierra range. Coastal Oregon and Washington also saw moderate to heavy precipitation amounts during the first half of the drought week. The Northeast experienced its fourth Nor’easter in as many weeks. Near the end of the drought week, a swath of precipitation fell from Texas, eastern Oklahoma, into Missouri and Indiana. The dry pattern continued for the drought stricken areas of the southern Rockies and Pl

February Farm Prices Received And Paid Increases

February Prices Received Index Increased 5.7 Percent The February Prices Received Index (Agricultural Production), at 90.8, increased 5.7 percent from January 2018. At 86.2, the Crop Production Index increased 10 percent. The Livestock Production Index, at 94.2, decreased 0.3 percent. Producers received higher prices for oranges, cattle, corn, and market eggs but lower prices for milk, broilers, lemons, and broccoli. Compared with a year earlier, the Prices Received Index is down 0.2 percent. The Crop Production Index increased 1.7 percent and the Livestock Production Index decreased 1.9 percent from a year ago. In addition to prices, the indexes are influenced by the volume change of commod

Dairy prices continue to slip

After weighing last week’s February Milk Production and Cold Storage reports, plus Tuesday’s GDT, traders took the Cheddar blocks to a Friday close of $1.5450 per pound, down 4 cents on the week and 3 cents below a year ago. The barrels finished at $1.51, down a nickel on the week and three-quarter cents below a year ago when they plunged 10 1/4-cents. The blocks were unchanged Monday and Tuesday. The barrels lost a penny Monday and stayed there Tuesday, at $1.50. Dairy Market News reports that demand for cheese is trending up. “Manufacturers of most varieties and styles are reporting bullish ordering ahead of the spring holidays. On the other hand, for some Midwestern producers, Northeaster

AFBF Spring Marketbasket Survey shows 2% increase in price from 2017

Egg prices jump 37% to lead cost of 16 food items to $51.05. American Farm Bureau Federation’s Spring Picnic Marketbasket Survey shows the total cost of 16 food items that can be used to prepare one or more meals was $51.05, up $1.02 or 2% percent compared to a year ago. “Most of the increase in the marketbasket was due to higher retail egg prices. Easter eggs are going to be a bit more expensive—37% higher than a year ago,” said John Newton, AFBF’s director of market intelligence. “U.S. egg exports were up nearly 50% in 2017 while egg production remained flat.” A bird flu outbreak in South Korea contributed to the increase in U.S. export volumes. “A surge in egg exports combined with relati

Trump Signs $1.3T Spending Measure - Ag Secretary, Farm Leaders Praise Provisions of Bill Affecting

WASHINGTON (DTN) -- President Donald Trump on Friday signed a $1.3 trillion spending measure, which contains many sections and provisions affecting agriculture and food. The House on Thursday voted 256-167 to approve the bill, which provides $1.3 trillion in appropriations. The Senate followed early Friday by a vote of 65-32. Trump signed the legislation after stating earlier on Friday that he was "considering" vetoing the bill over concerns about the program protecting young "Dreamer" immigrants and money for a border wall, the Associated Press reported. Agriculture Secretary Sonny Perdue, senators and farm leaders issued statements highlighting the main sections and provisions of the packa

This Week's Drought Summary (3/22)

Moderate precipitation fell in a wide swath covering an area from Kansas and Nebraska, eastward into parts of the Midwest and Mid-Atlantic regions. Additionally, moderate precipitation fell in the South and Southeast. Locally higher amounts fell in northern Florida late in the USDM period. Moisture laden systems continued to provide much needed precipitation to coastal California and the Sierra. Light to moderate precipitation fell in the Northeast, High Plains, and parts of the Rockies. The drought stricken areas of the Four Corners and the Southern Plains saw little to no precipitation. Northeast The Northeast endured another nor’easter this week – its third in as many weeks. As much as 2

Dairy markets remain unsettled

Cash block cheese lost some ground last week but rebounded and closed Friday at $1.5850 per pound, up 1 1/2-cents on the week and 18 1/2-cents above a year ago. The barrels finished at $1.56, up 6 1/4-cents on the week, 19 1/2-cents above a year ago, and the highest since Dec. 18, 2017. The blocks eased back a quarter-cent Monday and lost 4 cents Tuesday, slipping to $1.5425. The barrels were unchanged Monday but lost 4 1/4-cents Tuesday and ended the session at $1.5175. Snowstorms in the Northeast caused a number of Midwestern cheese producers to reduce production last week, according to Dairy Market News. “Cheese demand, particularly in the Italian style sector, has been negatively affecte

This Week's Drought Summary (3/15)

Generally moderate precipitation (up to 3 inches) fell on most of the Southeast, Lower Mississippi Valley, portions of the California and Oregon Coasts, and the higher elevations of northern California. Lesser amounts (0.6 to 1.0 inch) dampened the central Appalachians, the Tennessee Valley, portions of the northern Intermountain West and southern Rockies, and most other sections of California outside the interior valleys and arid southeastern areas. Meanwhile, little or no precipitation fell on a large swath encompassing most of the Plains, and negligible amounts were also recorded in parts of the Ohio and Mississippi Valleys north of the confluence, the central Rockies, the Great Basin, an

Dairy prices see ups and downs

Cash dairy prices saw some ups and downs last week as traders absorbed Tuesday’s Global Dairy Trade auction. The Cheddar blocks climbed to $1.6025 per pound Monday, highest price since Nov. 28, 2017, but closed Friday at $1.57, up a penny on the week and 18 1/2-cents above a year ago when it bottomed out for the year at $1.3850. The barrels climbed to $1.5150 Tuesday, highest since December 18, 2017, but finished at $1.4975, up 2 1/4-cents on the week and 9 3/4s above a year ago. Eight cars of block sold on the week at the CME and 25 cars of barrel. The blocks were down 2 cents Monday and lost a penny Tuesday, slipping to $1.54. The barrels inched up a quarter-cent Monday and stayed there Tu

Late Season Snow Helps Lagging Snowpacks

Idaho water outlook mostly positive Good carryover storage across southern Idaho should provide adequate irrigation water, while supplies in parts of central Idaho are marginal. Snowpack across Idaho ranges from 120 percent of normal in the Clearwater Basin to 40 percent of normal in the Owyhee Basin. With only a month of winter remaining, some areas could use more precipitation, said Ron Abramovich, water supply specialist with the Natural Resources Conservation Service in Boise. Fortunately, a return to winter weather at the end of February brought low temperatures and storms, and conditions are changing, he said. A warm, dry spell in January bled into February, leaving central and souther

Congress Inching Toward Farm Bill

John Stewart, American Feed Industry Association manager of government affairs The deadline for the farm bill, per usual, has been a moving target. Both the House and Senate Agriculture Committees have committed to getting a farm bill done “right” and “on time.” On Wednesday, Sen. Pat Roberts, R-Kan., said he is gearing up for a farm bill to be released in early April and that his staff is already sharing legislative language with the minority staff members, including with ranking member Sen. Debbie Stabenow, D-Mich., in an upcoming meeting. Given Congress has a lengthy to-do list this spring, including an omnibus spending package, AFIA will wait to see if farm bill discussions continue as p

This Week's Drought Summary (3/8)

Moderate to heavy precipitation evaded most areas of dryness and drought this week, falling on the lower Northeast, a swath from northeastern Texas eastward through the upper Southeast and Tennessee Valley, the Sierra Nevada, and parts of the West Coast. In areas of existing dryness and drought, precipitation exceeded 1.5 inches only in southeastern Tennessee and adjacent areas, the southeastern tier of the dry area in Arkansas, the Sierra Nevada, and portions of southwestern California. Windstorms were almost as noteworthy as precipitation patterns this past week. The mid-Atlantic and Northeast were buffeted by gusts frequently reaching 55-70 mph, and briefly climbing to over 90 mph in sout

Some dairy prices climbing, finally

Cash cheese strengthened as February ended and traders weighed last week’s Dairy Products report. Block Cheddar closed Friday at $1.56 per pound, up 6 1/2-cents on the week and 8 cents above a year ago. The barrels finished at $1.4750, up 1 1/2-cents on the week and 3 3/4-cents above a year ago. Four cars of block traded hands on the week and 33 of barrel. Monday took the blocks up 4 1/4-cents, to $1.6025, the highest price since Nov. 28, 2017, and held there Tuesday. The barrels climbed 3 3/4-cents Monday and tacked on a quarter-cent Tuesday, rising to $1.5150, the highest since Dec. 18, 2017. Midwestern cheesemakers report steady retail and food service demand, according to Dairy Market Ne

March CEO Report - Washington Update

Welcome to the March edition of the CEO Report, POLITICO Pro's high-level outlook on the policy issues driving the month ... and beyond. BUDGET & APPROPRIATIONS Breaking the cycle: For the fourth month in a row, another government funding deadline is on the horizon, writes Pro Budget and Appropriations' Jennifer Scholtes. But lawmakers are hoping to break the "cycle of dysfunction" this time by passing a catchall bill that updates funding levels through the end of the fiscal year, Sept. 30, rather than keeping the government idling at last year's levels for another short stint. The details of that package are still under wraps as the 12 spending subcommittees haggle over their pieces of the

This Week's Drought Summary (3/1)

This past week was marked by heavy rain across the mid-South and lower Midwest. The excessive rain broke daily precipitation records, caused flooding in many locations, and led to significant improvements to drought. The upper Midwest received significant snowfall as colder than normal temperatures dominated the area. Precipitation also fell in other parts of the country including the northern Plains, Northeast, and much of the West. Dry weather was confined to southern California, the Desert Southwest, and lower Southeast. A stark temperature contrast existed between the western and eastern halves of the country. While the West saw record-breaking cold, the East saw record-breaking warmth.

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