USDA Weekly Crop Progress Report - Less Than Half of US Corn Crop Mature at End of September

OMAHA (DTN) -- With average freeze dates for much of the U.S. just weeks away, less than half of the corn crop and just over half of soybeans had reached maturity as of Sunday, Sept. 29, according to USDA NASS' latest Crop Progress report released Monday. As of Sunday, corn dented was estimated at 88%, 10 percentage points behind the five-year average of 98%. Forty-three percent of corn was estimated as mature, still far behind 84% at the same time last year and 30 percentage points behind the five-year average of 73%. The percentage of the crop that has reached maturity slipped further behind average than the previous week, when maturity was running 28 percentage points behind average. "Mic

August Ag Prices Received Index Up 0.8 Percent, Prices Paid Down 0.5 Percent

August Prices Received Index Up 0.8 Percent The August Prices Received Index (Agricultural Production), at 90.5, increased 0.8 percent from July 2019. At 87.4, the Crop Production Index increased 0.8 percent. The Livestock Production Index, at 93.7, increased 0.2 percent. Producers received higher prices for market eggs, hogs, sweet corn, and milk but lower prices for broilers, lettuce, corn, and cotton. Compared with a year earlier, the Prices Received Index is up 0.9 percent. The Crop Production Index decreased 2.6 percent and the Livestock Production Index increased 4.5 percent. The indexes are calculated using commodity prices and volumes of commodities that producers market. Increased m

Fluid Milk and Cream - Western U.S. Report 39

In California, farm milk production is steady at the moment, but according to market players, it is higher than last year at this time. Processing plants are getting the milk they need for their daily activities. Fluid milk demand from grocery stores and schools are flat. Class II sales are steady to a bit down. In Arizona, milk output is unchanged from the previous week despite some rain at the beginning of this week. Handlers are taking their usual volumes. Class I demand is stable. The loads of milk within the state are enough for all needs' fulfillment. Therefore, no milk is coming from out-of-state. In New Mexico, there is a steady flow of milk to Class I accounts. Class II interest is

This Week's Drought Summary (9/26)

Rapidly intensifying “flash drought” — attributed in part to extreme late-summer heat — continued to afflict many areas from the lower Midwest and Mid-Atlantic States to the Gulf Coast. Conversely, heavy to excessive rainfall associated with the remnants of Tropical Storm Imelda eradicated drought but caused locally catastrophic flooding in southeastern Texas and western Louisiana. Farther west, late-season showers on the heels of an abysmal Southwestern monsoon (to-date) helped stem drought increases in the Four Corners region, while rain and mountain snow further reduced lingering drought in the northwestern quarter of the nation. Meanwhile, additional moderate to heavy rain eased or allev

Cheese prices tumble from peak

Most dairy product prices plummeted last week after the 40-pound Cheddar blocks shot up to $2.2375 per pound on Monday, the highest CME price since Oct. 22, 2014. It plunged to $2.0450 on Thursday and closed Friday at $2.05, down 15 1/2-cents on the week, after pole vaulting 20 3/4-cents the previous week, but was still 41 1/2-cents above a year ago. The 500-pound barrels hit $1.94 last Monday but fell to $1.6550 by Friday, down 26 1/2-cents on the week and 29 1/2-cents above a year ago. The blocks were unchanged Monday, as traders awaited the afternoon’s August Cold Storage report, then dropped 5 3/4-cents Tuesday, to $1.9925. The barrels lost 3 3/4-cents Monday and were at an all-time reco

U.S. Dairy: Japan Trade Agreement Could Leave Dairy Behind

Lawmakers representing dairy country say the trade agreement with Japan fails to level the playing field for U.S. dairy. Late last week, a group of lawmakers joined Representative Ron Kind, a Wisconsin Democrat, in a letter to U.S. Trade Representative Robert Lighthizer detailing the issue. The lawmakers say U.S. dairy will have “inferior access to the market compared to competitors,” like the European Union and signatories of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The agreement fails to level the playing field for U.S. exports of cheese, butter, skim milk powder, ice cream and condensed milk, according to the lawmakers. The administration is required to c

USDA Weekly Crop Progress Report - Corn Condition Up 2 Percentage Points; Soybean Condition Unchange

OMAHA (DTN) -- The percentage of U.S. corn and soybeans that has reached maturity fell further behind the five-year average last week, according to USDA NASS' latest Crop Progress report released Monday. As of Sunday, 29% of corn was estimated as mature, well behind 69% at the same time last year and 28 percentage points behind the five-year average of 57%. That's further behind average than in last week's report, when maturity was running 21 percentage points behind the five-year average. Corn in the dough stage was estimated at 96%, 4 percentage points behind the five-year average of 100%. Corn dented was 79%, 15 percentage points behind the five-year average of 94%. "Michigan has the lowe

Dairy Margin Coverage Enrollment Deadline Extended

The Department of Agriculture is giving dairy producers an extra week to sign up for the Dairy Margin Coverage program. USDA’s Bill Northey told lawmakers Thursday the deadline will extend to September 27. Northey made the comment during a House Agriculture Subcommittee on General Farm Commodities and Risk Management hearing. The Farm Service Agency later announced the deadline extension. More than 21,000 dairy farmers have signed up for the program. Authorized by the 2018 farm bill, the program offers protection to dairy producers when the difference between the all-milk price and the average feed cost, known as the margin, falls below a certain dollar amount selected by the producer. Margi

Fluid Milk and Cream - Western U.S. Report 38

California milk output is stable this week. Supplies are accessible to all processors. Class I demand from retailers and educational institutions is unchanged from a week ago, whereas Class II offers are a bit more available. In Arizona, the milk market is balanced. Milk loads offered are sufficient to meet current needs; therefore, no milk is coming from out of state. Weather conditions have not much impacted milk production in recent days. Class III demand is trending higher, while Class I and II sales are stable. In New Mexico, the milk flowing to Class III accounts has sharply declined. This is partly due to a downtime at one of the major cheese manufacturing plants in the state. To

This Week's Drought Summary (9/19)

Rapidly intensifying “flash drought” — attributed in part to extreme late-summer heat — continued to afflict many areas from the lower Midwest and Mid-Atlantic States to the Gulf Coast. Likewise, an abysmal Southwestern monsoon (to-date) led to increasing drought intensity and coverage in Arizona, while short-term drought persisted across the Hawaiian Islands. Conversely, moderate to heavy rain eased or alleviated dryness and drought from the Great Lakes into the Northwest as well as in southwestern Alaska and southern Puerto Rico. Northeast Early-week heat (temperatures as high as the lower 90s) and locally acute short-term rainfall deficits (30-day rainfall totaling 10 to 25 percent of nor

August Milk Production in the United States up 0.2 Percent

August Milk Production up 0.4 Percent Milk production in the 24 major States during August totaled 17.4 billion pounds, up 0.4 percent from August 2018. July revised production, at 17.5 billion pounds, was up 0.4 percent from July 2018. The July revision represented an increase of 38 million pounds or 0.2 percent from last month's preliminary production estimate. Production per cow in the 24 major States averaged 1,986 pounds for August, 18 pounds above August 2018. The number of milk cows on farms in the 24 major States was 8.78 million head, 48,000 head less than August 2018, and 1,000 head less than July 2019. August Milk Production in the United States up 0.2 Percent Milk production in t

Cheese prices skyrocket, then slip

Block Cheddar cheese has hit the highest price in five years and is the highest priced cheese in the world. It closed “Friday the 13th” at $2.2050 per pound, up an astounding 20 3/4-cents on the week and 60 cents above a year ago, as traders anticipated Wednesday’s August Milk Production report. The barrels finished Friday at $1.92, up 17 3/4-cents on the week and 50 cents above a year ago. Only 9 cars of block were traded last week at the CME and 14 of barrel. The blocks ticked up 3 1/4-cents Monday, hitting the highest level since Oct. 22, 2014, but fell back 6 3/4-cents Tuesday, to $2.17, with 8 cars changing hands. The barrels were up 2 cents Monday on a single trade, highest since Nov.

USDA Weekly Crop Progress Report - Corn Mature 21 Percentage Points Behind Five-Year Average

OMAHA (DTN) -- U.S. corn and soybean conditions held mostly steady last week, but both crops are still significantly behind the average pace in reaching maturity, according to USDA NASS' latest Crop Progress report released Monday. NASS estimated that, as of Sunday, Sept. 15, the U.S. corn crop was 55% in good-to-excellent condition, unchanged from the previous week. That's still the lowest good-to-excellent rating for the crop at this time of year since 2013. Only 18% of corn was estimated mature as of Sunday, according to NASS. Last year at this same time, half of the crop (51%) had reached maturity. The current maturity is also 21 percentage points behind the five-year average of 39%. Tha

Fluid Milk and Cream - Western U.S. Report 37

Milk output is flat in California. Class I sales are steady to a bit up as many schools are back to normal schedules. Fluid milk supplies are well balanced with demand. Class II milk is readily available in the market. However, high freight costs limit the possibility to move it across regions. In Arizona, no major change has occurred in the farm milk market. Milk loads available to processors are steady compared to last week's volumes. Educational institutions' milk intakes are flat. In New Mexico, more milk is moving to cheese plants. Some of the milk that was supposed to go to Class IV is being redirected to other Classes due to repair and maintenance workloads. Milk supplies are up this

This Week's Drought Summary (9/12)

Northeast Light showers dropped 0.5-1.5 inches of rain across northern sections of New York, Vermont, New Hampshire, and Maine. Although offshore in the Atlantic Ocean, Dorian came close enough to far eastern Maine that 1.5-4 inches of rain accumulated. Elsewhere, it was mostly dry across the Northeast. The small D0 areas in upstate New York and New England remained unchanged as this week’s light rain were not enough for removal, but great enough (including last week’s higher rainfall) to prevent expansion. Farther south, however, conditions have recently been drier in the mid-Atlantic and central Appalachians with slightly above-normal temperatures (1-3 degs F). As a result, between 50-75%

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