June Agricultural Prices Received Increase .1%, Prices Paid Down .2%

June Prices Received Index Increased 0.1 Percent The June Prices Received Index (Agricultural Production), at 95.1, increased 0.1 percent from May 2018. At 90.3, the Crop Production Index increased 0.7 percent. The Livestock Production Index, at 98.5, increased 0.2 percent. Producers received higher prices for oranges, hogs, market eggs, and broilers but lower prices for cattle, corn, cauliflower, and soybeans. Compared with a year earlier, the Prices Received Index is down 3.3 percent. The Crop Production Index increased 3.4 percent and the Livestock Production Index decreased 8.1 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market

USDA Crop Progress - Corn, Soybean Conditions Steady

OMAHA (DTN) -- Good-to-excellent condition ratings for the nation's corn and soybeans were both unchanged last week, according to the USDA National Ag Statistics Service's weekly Crop Progress report released Monday. NASS estimated that 72% of the nation's corn was in good-to-excellent condition as of Sunday, July 29, the same as the previous week. Soybean condition was rated 70% good to excellent, also the same as the previous week. "Poor-to-very-poor conditions for corn increased in Missouri to 31%, up from 21% last week," said DTN Analyst Todd Hultman. "A similar worsening of soybean crop conditions was seen in Missouri." Nationwide, both corn and soybeans continued to progress at a faste

Fluid Milk and Cream - Western U.S.

Bottled milk sales are steady to up due to educational institutions preparing to reopen in the coming weeks for the new school year. In California, triple-digit temperatures are putting more stress on cows’ well-being and contributing to a reduction in milk output and component levels. Some contacts report not being able to get all the milk they need due to limited spot load availability. Milk handlers say they are looking into opportunities to bring milk from other areas to satisfy current needs for milk as some plant operations are running 7-day schedules. Bottled milk sales are steady to up due to educational institutions preparing to reopen in the coming weeks for the new school year. In

Cow or Cashew? - FDA Commissioner Details Agency's Plans for Labeling Dairy, Plant-Based Foods

WASHINGTON (DTN) -- Food and Drug Administration Commissioner Scott Gottlieb on Thursday said the FDA intends to make decisions about the labeling of cow's milk and plant-based milk "in relation to potential public health consequences" as part of its program to modernize standards of identity. In a statement before FDA's meeting on that program, Gottlieb said "plant-based foods are being positioned in the marketplace as substitutes for standardized dairy products," but "these alternative products are not the food that has been standardized under the name 'milk' and which has been known to the American public as 'milk' long before the 1938 Federal Food, Drug, and Cosmetic Act (FD&C Act) was e

Ag conditions mixed in Federal Reserve report

Farm debt continues to weigh on agriculture banks' liquidity. The Federal Reserve Board recently released its July 2018 "Beige Book" update, providing an overview of the current state of the U.S. economy as well as the U.S. agricultural economy. The update reported that economic activity has continued to expand across the U.S., with 10 of the 12 Federal Reserve districts reporting moderate or modest growth. The outliers, the report said, were the Dallas, Texas, district, which reported strong growth driven, in part, by the energy sector, and the St. Louis, Mo., district, where growth was described as slight. “Manufacturers in all districts expressed concern about tariffs and in many district

This Week's Drought Summary (7/26)

During the period covering July 17-24, precipitation fell across a vast majority of the East, the heaviest of which flooded parts of Maryland, including the Washington D.C. area. Heavy rains also fell in parts of Florida, Kentucky and South Carolina. In the central U.S., moderate precipitation fell in parts of the High Plains while lighter rains provided little to no relief in parts of Kansas. The drought-stricken areas of Oklahoma and Texas saw little to no precipitation and triple digit temperatures, exacerbating drought conditions. Northeast Tropical moisture flowed in from the Atlantic, providing abundant moisture for a large area covering Maryland, central Pennsylvania, southern New Yor

Cash dairy market in limbo

Mid-July dairy prices were mixed as traders absorbed last week’s Global Dairy Trade auction and anticipated Friday afternoon’s June Milk Production report and Monday’s June Cold Storage data, none of which fed the bulls. The Cheddar blocks closed Friday at $1.52 per pound, down 4 cents on the week and 18 3/4-cents below a year ago. The barrels finished 15 1/4-cents lower at $1.27, 14 cents below a year ago and 25 cents below the blocks. A fluctuating price gap is apparently becoming the new norm in this market. Monday’s block price was unchanged while the barrels recovered 2 cents. The blocks gained a penny Tuesday, hitting $1.53, while the barrels pole vaulted 11 cents, to $1.40, possibly a

USDA Crop Progress - Corn Condition Unchanged; Soybean Condition Improves

OMAHA (DTN) -- The good-to-excellent condition rating for the nation's corn crop was unchanged last week while soybeans' good-to-excellent rating was up slightly, according to the USDA National Ag Statistics Service's weekly Crop Progress report released Monday. NASS estimated that 72% of the nation's corn was in good-to-excellent condition as of Sunday, July 22, unchanged from the previous week. However, the crop's condition was down from 76% good to excellent at the same time of year in 2016, noted DTN Analyst Todd Hultman. Corn development continued to speed along with NASS estimating that 81% of the crop was silking as of Sunday, 19 percentage points ahead of the five-year average pace o

Drought tightens grip on U.S. as El Nino chance increases

There's no way to recover some of the drought damage already done. Over the last week, hot temperatures and a lack of precipitation helped drought tighten its grip on the U.S. While some improvement in the Southwest and Texas were reported, drought conditions worsened in the Midwest, Northeast and Northwest, the National Oceanic & Atmospheric Administration’s (NOAA) National Integrated Drought Information System (NIDIS) reported. Drought is now covering 30.97% of the lower 48 states and affecting 70 million people. According to the U.S. Drought Monitor, widespread rain fell over parts of Pennsylvania and New York, as well as Illinois and from southwest Nebraska to Michigan's Upper Peninsula,

This Week's Drought Summary (7/19)

Over the last week, relatively warm weather was common over much of the country, particularly in Kansas, Missouri, Arkansas, Wisconsin, Washington, Oregon, and California. Widespread rainfall fell over parts of Pennsylvania and New York, Illinois, and from southwest Nebraska to the Michigan Upper Peninsula. Elsewhere across the central and eastern United States, rainfall, some moderate to heavy, was generally hit or miss. In the western United States, monsoonal rains fell over Arizona and New Mexico and parts of southern Utah and Nevada, keeping temperatures in the areas receiving rain near or cooler than normal. Most other areas, with the exceptions of eastern Wyoming, the Montana high plai

CME prices push higher, then slip

Cash dairy prices were mostly higher last week. Block Cheddar closed “Friday the 13th” at $1.56 per pound, up 1 3/4-cents on the week but 11 1/2-cents below a year ago. The barrels finished at $1.4225, up 17 3/4-cents on the week and 5 1/4-cents below a year ago. The blocks inched a half-cent higher Monday but lost 3 3/4-cents Tuesday, dipping to $1.5275. The barrels were unchanged Monday and gave up 4 3/4-cents Tuesday and fell to $1.3750, 15 1/4-cents below the blocks. Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter, warned in Monday’s Dairy Radio Now broadcast that tariffs will result in the loss of about $1.10 per hundredweight for dairy farmers in the seco

FDA chief to enforce what constitutes milk

Agency will soon offer guidance on how to identify milk and other dairy terms. The Food & Drug Administration will soon begin enforcing regulations that define "milk" as an animal product, not a plant-based food, according to comments FDA Commissioner Dr. Scott Gottlieb made at a summit in Washington, D.C., on Tuesday. After acknowledging that “an almond doesn’t lactate,” Gottlieb said the agency soon will seek public input as a prelude to enforcing existing regulations on dairy labeling standards. During his comments, Gottlieb said because the agency has essentially been allowing other products that are not derived from lactating animals to use the term “milk,” in order to change the postur

USDA Crop Progress - Corn, Soybean Conditions Decline

OMAHA (DTN) -- Good-to-excellent condition ratings for both corn and soybeans declined nationwide last week, according to the USDA National Ag Statistics Service's weekly Crop Progress report released Monday. NASS estimated that 72% of the nation's corn was in good-to-excellent condition as of Sunday, July 15, down 3 percentage points from 75% the previous week. "Hot and dry weather increased poor-to-very-poor ratings from Missouri to Texas," said DTN Analyst Todd Hultman. "Michigan is also experiencing dry weather with 20% of their corn crop rated poor or very poor." Corn development continued to run well ahead of the average pace with NASS estimating that 63% of the crop was silking as of

Fluid Milk and Cream Review - Western U.S.

Industry contacts asseverate that cow comfort has been favorable through the first half of the year, however as the canicular season begins, contacts expect milk production and components to decrease. (USDA Market News) July 12 In California, milk supplies are reported to be extremely tight in some areas, but steady in others. Recent heatwaves have created an uncomfortable environment for cows. Some buyers noted not being able to get the quantity of milk they need as spot loads of milk are limited in the market. Consequently, milk prices have somewhat increased. Class 1 sales remained steady throughout the week. A few plants are doing maintenance and repair works, but their daily processing

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