USDA Weekly Crop Progress Report - Corn, Soybean Good-to-Excellent Condition Ratings Fall Again

OMAHA (DTN) -- U.S. corn and soybean condition ratings continued to fall last week as a flash drought fried crops over a sizeable portion of the Plains and north-central Midwest, USDA NASS said in its weekly Crop Progress report on Monday. NASS estimated that 62% of the nation's corn crop was in good-to-excellent condition as of Sunday, Aug. 30, down 2 percentage points from 64% the previous week. The crop's current good-to-excellent rating is tied for fifth highest in the past 10 years. Iowa corn's good-to-excellent rating fell 5 percentage points to 45% last week, and Nebraska corn's good-to-excellent rating was down 2 percentage points to 64%, said DTN Senior Analyst Dana Mantini. The hea

July Prices Received Index Down 2.0 Percent, Prices Paid Index Up 0.5 Percent

July Prices Received Index Down 2.0 Percent The July Prices Received Index 2011 Base (Agricultural Production), at 87.4, decreased 2.0 percent from June and 4.3 percent from July 2019. At 90.0, the Crop Production Index was down 2.0 percent from last month but up 0.9 percent from the previous year. The Livestock Production Index, at 84.5, decreased 2.5 percent from June, and 9.8 percent from July last year. Producers received higher prices during July for milk, market eggs, potatoes, and corn but lower prices for cattle, broilers, hogs, and oranges. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In July, there was increased monthly mov

Senators Seek Robust Enforcement of USMCA Dairy Agreements

A bipartisan group of 25 Senators is identifying challenges with implementing several dairy-related provisions in the United States-Mexico-Canada Agreement. Underscoring USMCA’s importance to the dairy industry, the group asks the U.S. government in a letter to use USMCA’s enforcement measures to ensure full compliance with the trade deal. The Senators collectively state, “we ask that you use USMCA’s enforcement measures to hold our trading partners accountable to their trade commitments.” The U.S. Dairy Export Council and the National Milk Producers Federation commend the coalition of Senators for standing up for dairy farmers, processors and exporters and pressing for fair and full impleme

Fluid Milk and Cream - Western U.S. Report 35

In California, recent heatwaves have affected cows' comfort and therefore impacted how much milk they produced. This week, milk outputs have decreased. There are available processing capacities at several plants. Milk supplies are enough to satisfy pressing needs. Class I demands are slightly down. Arizona milk yield is lower this week. The state continues to be under heat advisories, but there have only been a few rainy days despite the annual monsoon season being in full swing. As a result, cows have been better at handling the summer this year due to humidity being below normal for this time of the year. Milk balancing schedules are steady. There is no out-of-state milk coming for proces

This Week's Drought Summary (8/27)

This U.S. Drought Monitor week saw continued intensification of drought across parts of the western U.S. including Northern California, the Great Basin, Southwest, and parts of the Intermountain West where hot and dry conditions continued and large wildfires burned in California and Colorado. In Northern California, the National Interagency Coordinator Center is reporting 34 uncontained large fires with approximately 1,276,751 cumulative acres burned (all active fires) and more than 11,000 personnel deployed to the region. Further east, drought-related conditions continued to deteriorate in areas of West Texas where significant rainfall deficits (4 to 8 inches) have been mounting during the

Agriculture Confidence Index - Farmers Look to Future

OMAHA (DTN) -- Farmer attitudes are a mixed bag as summer turns to fall and as election-year divisiveness and the ever-present coronavirus pandemic add to the tension of what harvest will bring. The latest DTN/The Progressive Farmer Agriculture Confidence Index shows farmers have a record-low attitude about their current plight but show strong optimism for the future. The latest survey, conducted Aug. 6-14, also shows some potential waning in support for the Trump administration. The overall Agriculture Confidence Index rose to a neutral 94.3, up 27 points from the record pessimistic levels of April. But that rise has more to do with optimism for the future than for where farmers find themse

Dairy Market: More aid from Uncle Sam

President Trump announced an additional $1 billion in food aid on Monday as part of government efforts to lessen the hardships caused by the COVID outbreak. He also praised the success of the Farmers to Families Food Box program. In April, when the program was announced, $3 billion was allotted to food purchases. Monday’s announcement pushed total program funding to $4 billion. HighGround Dairy says, “The impact on dairy markets leans bullish, but the timing of the additional funding will be a critical factor in the overall impact. A previously announced round three of the food box program begins in September, meaning this additional funding is not likely to be spent for several more months

USDA Weekly Crop Progress Report - Corn Good-to-Excellent Condition Rating Drops Another 5 Percentag

OMAHA (DTN) -- The U.S. corn crop's good-to-excellent rating fell last week due to significant rating declines for several major corn-producing states, USDA NASS said in its weekly Crop Progress report on Monday. NASS estimated that 64% of the nation's corn crop was in good-to-excellent condition as of Sunday, Aug. 23, down 5 percentage points from 69% and now the fifth-highest good-to-excellent rating in the past 10 years. "Good-to-excellent ratings in Michigan fell 11 points, Iowa was down 9 points, Nebraska was down 7 points and South Dakota was down 6," said DTN Lead Analyst Todd Hultman. Meanwhile, corn development stages remained roughly in line with five-year averages. Eighty-eight pe

Fluid Milk and Cream - Western U.S. Report 34

Milk production is steady to strong in California. Processing schedules remain busy, and in some instances, some processors are limited regarding how much milk they can sell. Bottled milk demands are unchanged from last week. Class II intakes are flat to trending down. In Arizona, temperatures remain hot with a few rainy days. Milk outputs are in good equilibrium with demands. Processors are careful about how much milk they are getting from out of state. Class I requests are stable. Class II demands are steady to slightly lower, whereas Class III sales are trending down. In New Mexico, milk production is unchanged from a week ago despite the heat. Holdovers are steady. Bottled milk a

This Week's Drought Summary (8/20)

This U.S. Drought Monitor week saw intensification of drought across parts of the western U.S. as hot and dry conditions persisted with a historic heat wave currently gripping much of the region. Since last Friday, dozens of high temperature records were broken across the West including a scorching 130° F recorded at the Furnace Creek Visitor’s Center in Death Valley National Park. If verified, this high would represent the hottest temperature on Earth since 1913. Accompanying the extreme heat, numerous lightning-ignited wildfires broke out across California during the past week causing air-quality issues across parts of the region. In the Southwest, the continued weak monsoon has led to exp

Government payments soften COVID-19 blow to ag economy

Federal Reserve Bank updates offer insight into agricultural conditions in Midwest. Given the widespread adverse effects of the coronavirus pandemic in the second quarter of 2020, agricultural credit conditions for the Midwest and Central regions of the U.S. weakened compared with a year earlier, according to the latest agricultural updates from the seventh and 10th districts of the Federal Reserve Bank. However, government assistance is anticipated to boost farm income and support credit conditions The effects of the COVID-19 pandemic continued to pressure the agricultural economy and weigh on farm finances in the 10th District, including Kansas, western Missouri, Nebraska and Oklahoma. Far

July Milk Production up 1.5 Percent

July Milk Production up 1.5 Percent Milk production in the 24 major States during July totaled 17.8 billion pounds, up 1.5 percent from July 2019. June revised production, at 17.5 billion pounds, was up 0.8 percent from June 2019. The June revision represented an increase of 59 million pounds or 0.3 percent from last month's preliminary production estimate. Production per cow in the 24 major States averaged 2,016 pounds for July, 19 pounds above July 2019. The number of milk cows on farms in the 24 major States was 8.83 million head, 44,000 head more than July 2019, and 2,000 head more than June 2020. July Milk Production in the United States up 1.5 Percent Milk production in the United Stat

Global dairy auction slips 1.7%

Declines continued in the Global Dairy Trade auction, where Tuesday’s weighted average fell 1.7%, following a 5.1% drop on Aug. 4. Sellers brought 69.1 million pounds of product to market, down from 72.1 million in the last event. The declines were led by Cheddar cheese, down 3.6%, after falling 5.3% Aug. 4. Lactose was down 3.3%, after jumping 5.7% last time. It was followed by anhydrous milkfat, down 2.9%, after gaining 3.0% last time, and butter which was down 2.0%, following a 2.8% descent last time. Whole milk powder was down 2.2%, following a 7.5% dip last time. The only product in the black was skim milk powder, up 1.1%, after falling 4.6% on Aug. 4. StoneX Group equated the GDT 80%

Forecasters: Odds improve for La Nina by fall

Odds increasingly favor a La Nina weather pattern taking hold by fall, upping the chances for a cold and wet Northwest winter, the National Weather Service's Climate Prediction Center says. The center pegged at 60% the chances of a La Nina prevailing in November, December and January. A month ago, the center put the chances at 53%. Since then, the Pacific Ocean has resumed a cooling trend that started last spring but paused in June and early July, according to the center. A cooler-than-average ocean, especially along the equator in the mid-Pacific, triggers atmospheric changes to form a La Nina. Its opposite, El Nino, is cased by higher-than-average ocean-surface temperatures and is linked t

USDA Weekly Crop Progress Report - Iowa Corn Condition Rating Drops 10 Points to 59% Good to Excelle

OMAHA (DTN) -- A 10-percentage-point decline in the Iowa corn crop's good-to-excellent condition rating following last Monday's derecho contributed to a 2-point drop in the national corn condition rating last week, USDA NASS said in its weekly Crop Progress report on Monday. NASS estimated that 69% of the nation's corn crop was in good-to-excellent condition as of Sunday, Aug. 16, down 2 percentage points from 71%, though still tied for the fourth-highest rating in 10 years. The drop came as little surprise following widespread damage to Iowa's corn crop caused by winds that topped 100 miles per hour in parts of the state last week. The damage resulted in a 10-percentage-point drop in Iowa c

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