This Week's Drought Summary (8/30)

Frontal systems brought thunderstorms and some heavy rainfall to parts of the Plains, the Midwest, and the South. While rainfall was enough to reduce or alleviate drought conditions in some places, such as Arkansas, northern Missouri, Kansas, Wisconsin, and Michigan, it wasn’t enough in other areas, such as southwestern Missouri and Idaho, as deficits and impacts remain. This past week saw temperatures slightly below average across much of the nation, with areas of eastern Montana and western North Dakota 4-8 degrees F cooler than normal, which helped to slow, but not halt, drought development. Conversely, parts of the Southwest, Texas, and areas along the eastern northern tier of the U.S. w

July Agricultural Prices Received And Paid Decrease

July Prices Received Index Decreased 3.8 Percent The July Prices Received Index (Agricultural Production), at 91.5, decreased 3.8 percent from June 2018. At 86.8, the Crop Production Index decreased 3.9 percent. The Livestock Production Index, at 95.4, decreased 3.1 percent. Producers received lower prices for milk, broilers, grapes, and cattle but higher prices for lemons, market eggs, strawberries, and onions. Compared with a year earlier, the Prices Received Index is down 4.3 percent. The Crop Production Index decreased 0.1 percent and the Livestock Production Index 8.2 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Decrea

Roller coaster ride continues in dairy market

The roller coaster was alive and well at the CME last week. The Cheddar blocks fell to $1.61 per pound Monday but closed Friday at $1.67, up 1 1/2-cents on the week and 2 cents above a year ago. The barrels fell to $1.5650 Wednesday but closed Friday at $1.60, down 7 cents on the week and 4 1/4-cents above a year ago. The blocks lost 1 3/4-cents Monday, then regained 1 1/2-cents Tuesday, hitting $1.6675. The barrels were up a penny Monday and stayed there Tuesday at $1.61. Demand reports throughout August have been similar, according to Dairy Market News. Mozzarella, provolone and curd orders have been strong or strengthening, while Cheddar/specialty producers have seen slowdowns. Orders las

USDA Crop Progress - US Corn Mature 5 Percentage Points Ahead of Normal

OMAHA (DTN) -- U.S. row crops continued to race toward maturity with the percentage of corn mature and soybeans dropping leaves ahead of the average pace, according to the USDA National Ag Statistics Service's weekly Crop Progress report released Monday. NASS estimated that 92% of corn was in the dough stage as of Sunday, Aug. 26, 8 percentage points ahead of the five-year average of 84%. Sixty-one percent of corn was dented, 19 percentage points ahead of the five-year average of 42%. Corn mature nationwide was estimated at 10%, 5 percentage points ahead of the average pace of 5%. Meanwhile, 95% of soybeans were estimated to be setting pods, 5 percentage points ahead of the average of 90%. S

Class III milk price bounces back to $15 in August

Dairy Outlook: Milk prices for the rest of the year are uncertain. It appears dairy prices may have overreacted in late June and July to retaliatory tariffs to be implemented in mid-July by Mexico, China and Canada. Butter and cheese prices fell, lowering the Class III price from $15.21 in June to $14.10 in July, according to Bob Cropp, University of Wisconsin Extension dairy economist. But prices recovered some in August. Butter averaged $2.23 per pound in July and reached a high of $2.38 in mid-August, but by Aug. 22 fell back to $2.25. Barrel cheese has shown the biggest improvement. Barrels averaged $1.37 per pound in July, reached a high of $1.68 by mid-August, and dipped a bit to $1.64

Dairy Fluid Milk and Cream - Western U.S.

(USDA Market News) Milk production in California has increased more than expected in recent weeks. Although educational institutions continue to pull in more loads of milk, milk supplies are sufficient for the usages of all market participants. Processing capacities are adequate, and manufacturing plants are running somewhat below full capacity. Although milk components are still low, they have improved from a few weeks ago. Milk production in Arizona is steady this week. Supplies of milk, though available, haven’t been moving much to out-of-state plants due to hauling/trucking accessibility. Milk flows to educational institutions have stabilized now. Current milk volumes are in line with th

This Week's Drought Summary (8/23)

Areas of low pressure brought heavy to excessive rainfall to many parts of the U.S. during this past drought week (August 14-21). Some storms brought more rainfall to already inundated areas such as the Northeast, but some activity occurred over drought regions badly in need of moisture, including the Central and Southern Plains, the Midwest, and the South. Other areas, especially along the northern tier of the country, continued to dry out amid a combined lack of rainfall and anomalously high temperatures. Some areas of northern Michigan and Wisconsin averaged daily maximum temperatures 6-8 degrees F above their typical average for this time of year. Northeast Rainfall was above normal acro

Dairy market roller coaster continues

It’s fair season. The roller coasters are back, at least it appeared that way last week at the Chicago Mercantile Exchange. Mid-August cash block Cheddar, after hitting $1.66 per pound last Monday, closed Friday at $1.6550, down a half-cent on the week and 10 cents below a year ago. The barrels climbed to $1.6750 Wednesday, highest price since Nov. 15, 2017, but finished Friday at $1.67, up a nickel on the week, 8 cents below a year ago, and 1 1/2-cents above the blocks. Monday’s trading took the blocks down 4 1/2-cents but recovered three-quarters Tuesday, hitting $1.6175, as traders reacted to the morning’s GDT auction and anticipated what will be in Wednesday’s July Cold Storage report. T

USDA Crop Progress - Corn, Soybean Progress Still Running Ahead of Normal

OMAHA (DTN) -- U.S. corn and soybeans still appear to be on pace for what could be an earlier-than-normal harvest, according to the USDA National Ag Statistics Service's weekly Crop Progress report released Monday. NASS estimated that 85% of corn was in the dough stage as of Sunday, Aug. 20, 13 percentage points ahead of the five-year average of 72%. Forty-four percent of corn was dented, 18 percentage points ahead of the five-year average of 26%. Meanwhile, 91% of soybeans were estimated to be setting pods, 8 percentage points ahead of the average of 83%. Good-to-excellent ratings for both corn and soybeans fell again slightly last week. Nationwide, 68% of corn was rated good to excellent a

Dairy Fluid Milk and Cream - Western U.S.

In California, schools have just started. As they fill their milk pipelines, they are creating an increase in demand for bottled milk. Fortunately, milk production has somewhat recovered from the decrease that occurred a few weeks ago. Therefore, milk volumes are enough to meet all buyers’ needs. The fires in California have not affected milk supplies or demand in that the affected areas are not the primary location of dairy farms. Nonetheless, they have made milk transportation more difficult in some areas. In Arizona, milk production is unchanged from a week ago. Temperatures have cooled down a bit, but humidity persists. Nonetheless, it has not much impacted milk output. Milk volumes are

Judge reinstates WOTUS rule in 26 states

Updated: Farm Bureau urges administration to repeal the 2015 WOTUS rule. The U.S. District Court in South Carolina ruled against the Trump administration Thursday for delaying the Obama-era Waters of the United States rule, the Washington Examiner reported. The decision means the rule is operative again in 26 states where district courts haven’t halted the regulation. The decision stems from a suit filed by the Southern Environmental Law Center in the U.S. District Court located in Charleston. The ruling ends the Environmental Protection Agency and U.S. Army Corps of Engineers’ suspension of clean water protections under the Clean Water Act. The ruling does not apply to 24 states where other

This Week's Drought Summary (8/16)

The week was drier than normal across northern portions of New England, and wetter than normal in the southern parts of the Northeast. D0 was trimmed from western Suffolk County on Long Island where 90-day precipitation was above normal, but otherwise no changes were made to the drought depiction in the Northeast. D0-D1 continued in the northern portions. In Maine, dry conditions were affecting wells as groundwater levels continued their slow decline over the summer. According to August 12 U.S. Department of Agriculture (USDA) reports, 31% of the pasture and rangeland in New Hampshire was in poor to very poor condition, and 43% of the topsoil and 45% of the subsoil was short or very short of

Farm bill could yield a new dairy program

It’s conference time in the U.S. Senate and House of Representatives when it comes to a new farm bill. But that begs the question: Will there be enough time to get it done before the pending recess and upcoming midterm elections? The U.S. Senate’s version of the 2018 Farm Bill creates the Dairy Risk Coverage (DRC) program to replace the currently operating Margin Protection Program for Dairy (MPP-Dairy). DRC offers $8.50 and $9 coverage levels for the first 5 million pounds of production history. DRC eliminates the 25 percent minimum production history selection. The DRC premium for $9 coverage on the first 5 million pounds of covered production history is 18 cents per cwt. with a

Dairy markets continue upward

Cash dairy prices moved higher last week as hot summer weather and back-to school demand influenced the market. The Cheddar blocks ended up at $1.6575 per pound, up 7 cents on the week but still 8 1/2-cents below a year ago. The barrels closed Friday at $1.62, up 14 1/2-cents on the week and 6 1/2-cents above a year ago. The blocks inched up a quarter-cent Monday to $1.66, highest price since May 10, 2018, but gave back a half-cent Tuesday. The barrels were up 2 3/4-cents Monday and another 2 1/4-cents Tuesday, hitting $1.67, highest since Nov. 22, 2017, and 1 1/2-cents above the blocks, an inversion not seen since Dec. 19, 2017. Overall Midwest cheese production is steady, according to Dair

USDA Crop Progress - Corn, Soybean Condition Ratings Drop Slightly

OMAHA (DTN) -- Good-to-excellent condition ratings for both corn and soybeans declined just slightly last week, according to the USDA National Ag Statistics Service's weekly Crop Progress report released Monday. Nationwide, 70% of corn was rated good to excellent as of Sunday, Aug. 12, down 1 percentage point from 71% the previous week. Last year at this same time, 62% of the crop was rated good to excellent. "Corn's good-to-excellent rating drop won't carry as much weight as Friday's 14.59-billion-bushel crop estimate by USDA," said DTN Analyst Todd Hultman. NASS estimated that 73% of corn was in the dough stage as of Sunday, 17 percentage points ahead of the five-year average of 56%. Twent

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