August Ag Prices Paid And Received Increases

August Prices Received Index Up 1.0 Percent The August Prices Received Index 2011 Base (Agricultural Production), at 88.3, increased 1.0 percent from July but decreased 3.5 percent from August 2019. At 92.5, the Crop Production Index was up 2.9 percent from last month and 3.7 percent from the previous year. The Livestock Production Index, at 84.1, decreased 0.5 percent from July, and 10 percent from August 2019. Producers received higher prices during August for cattle, hogs, market eggs, and soybeans but lower prices for milk, broilers, lettuce, and corn. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In August, there was increased mo

USDA Weekly Crop Progress Report - Corn 15% Harvested, Soybeans 20% Harvested

OMAHA (DTN) -- The U.S. corn harvest was slightly behind the five-year average pace while soybean harvest moved further ahead of normal last week, according to the USDA NASS weekly Crop Progress report released on Monday. NASS estimated that, as of Sunday, Sept. 27, 15% of U.S. corn had been harvested, 1 percentage point behind the average pace of 16%. "Iowa's corn harvest was 12% done, Nebraska's was 14% finished, Illinois' corn harvest was 13% complete but well below the average of 24%, and Minnesota corn was just 6% harvested," said DTN Senior Analyst Dana Mantini. Corn reaching maturity remained 10 percentage points ahead of normal at 75% as of Sunday compared to the five-year average of

Ag markets functioning as expected

CFTC Agricultural Advisory hearing focuses on lessons learned from pandemic and update on ag economic outlook. The Agricultural Advisory Committee of the Commodity Futures Trading Commission (CFTC) met Sept. 24 and offered insight into how the agricultural commodity markets have functioned in recent months, especially in the wake of the COVID-19 pandemic. “The events of 2020 demonstrate just how important it is for all of us to work together as partners so that our ag markets continue to serve their role in price discovery and risk management,” CFTC chairman Heath Tabert said. David Amato, supervisory market analyst in the division of market oversight, gave an update on behalf of the Livesto

This Week's Drought Summary (9/24)

Category 2 Hurricane Sally made landfall on September 16 near Gulf Shores, Alabama, around 4:45 am CDT, with sustained winds near 105 mph. Torrential rainfall across southern Alabama and western Florida sparked major to record flooding, while wind-related damage and power outages were common. Once inland over the Southeast, Sally quickly weakened but continued to produce heavy rain, extending as far north as southern Virginia. Mostly dry weather covered the remainder of the country, except for showers in the Pacific Northwest and heavy rain in the western Gulf Coast region associated with the arrival of Tropical Storm Beta along the middle Texas coast. Beta, the 23rd named storm of the Atlan

More money on the way for dairy farmers

More money is on the way. President Trump, speaking in Wisconsin last Thursday, announced an additional $14 billion for “agricultural producers facing market disruptions and associated costs because of COVID-19.” The package includes up to $1 billion for the Farmers to Families Food Box program, which has benefited the dairy industry and likely propelled Friday’s block cheese skyward (details ahead). The aid will likely keep cheese prices strong and in turn milk prices, but will no doubt result in an oversupplied milk market. Dairy farmers can sign up for direct payments through their local Farm Service Agency office but sign-ups end Dec. 11. Milk produced in April through August will be eli

USDA Weekly Crop Progress Report - Corn 8% Harvested, Soybeans 6% Harvested

OMAHA (DTN) -- After starting out ahead of normal, the U.S. corn harvest fell slightly behind the five-year average by the end of last week, according to the USDA NASS weekly Crop Progress report released on Monday. NASS estimated that, as of Sunday, Sept. 20, 8% of U.S. corn had been harvested, 2 percentage points behind the average pace of 10%. This was despite corn development continuing to run ahead of average with 95% of the crop dented, ahead of the average of 90%, and 59% of the crop mature, 10 percentage points ahead of the average of 49%. "Texas corn was 69% harvested and Midwestern states are just getting started," noted DTN Lead Analyst Todd Hultman. NASS estimated that 61% of the

August Milk Production up 1.9 Percent

August Milk Production up 1.9 Percent Milk production in the 24 major States during August totaled 17.8 billion pounds, up 1.9 percent from August 2019. July revised production, at 17.9 billion pounds, was up 2.0 percent from July 2019. The July revision represented an increase of 91 million pounds or 0.5 percent from last month's preliminary production estimate. Production per cow in the 24 major States averaged 2,009 pounds for August, 25 pounds above August 2019. The number of milk cows on farms in the 24 major States was 8.84 million head, 51,000 head more than August 2019, but unchanged from July 2020. August Milk Production in the United States up 1.8 Percent Milk production in the Uni

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

California milk supplies are balanced. Contacts report that the milk market is recovering from the recent heatwaves that have impacted milk production. More customers are looking for additional milk for processing as they have available capacities. However, they can't always find additional spot loads. All pressing manufacturing milk needs are being met. Class I sales are at the same levels as last week. Milk output is steady to somewhat up in Arizona, partly due to cooler temperatures in the evening that are allowing cows to recharge from hot daytime temperatures. Industry participants report having adequate milk supplies for their day to day activities. Bottled milk requests are stable

This Week's Drought Summary (9/17)

Dozens of dangerous and sometimes deadly wildfires continued to burn across the West, with the greatest concentration of blazes affecting the parched Pacific Coast States. By mid-September, 16 active fires in California, Oregon, and Washington had scorched at least 100,000 acres of vegetation, along with two in Colorado. At least a dozen active wildfires had destroyed more than 100 structures, while some three dozen fatalities have been reported, with several individuals still unaccounted for. Farther east, periods of heavy rain (and high-elevation snow) occurred across portions of the Rockies, Plains, and Midwest, boosting topsoil moisture and benefiting drought-stressed rangeland and pastu

Dairy Market: GDT auction average jumps 3.6%

Skim milk powder led the way, with cheese right behind, and drove this week’s Global Dairy Trade auction’s (GDT) weighted average up 3.6%, ending four consecutive sessions of decline. Skim milk powder was up 8.4%, following a 1.8% gain on Sept. 1. GDT Cheddar was up 7.2%, after slipping 0.4%, and whole milk powder was up 3.2%, after losing 2.0%. Anhydrous milkfat was up 2.0%, after slipping 0.5% last time. The declines were led by lactose, down 2.7%, after inching up 0.8% in the last event, and butter was down 1.4%, after a 1.2% slide last time. StoneX Group equated the GDT 80% butterfat butter price to $1.4525 per pound U.S., down 2.3 cents from the last event. CME butter closed Tuesday at

USDA Weekly Crop Progress Report - Corn, Soybean Conditions Fall Again; Corn Harvest Underway

OMAHA (DTN) -- U.S. corn and soybean conditions declined again last week as corn harvest got underway, according to the USDA NASS weekly Crop Progress report released on Monday. NASS estimated that 60% of the nation's corn crop was in good-to-excellent condition as of Sunday, Sept. 13, down another 1 percentage point from 61% the previous week. The crop's current good-to-excellent rating is still tied for the fifth highest in the past 10 years. The portion of the crop rated very poor to poor rose by 1 point to 15%. "Iowa corn condition was rated 43% good to excellent and 27% very poor to poor," said DTN Senior Analyst Dana Mantini. "The corn good-to-excellent rating for Nebraska was 61%, Ill

Butter booms to sales not seen since 1965

Consumers have been flocking back to butter. That’s because evidence continues to mount that all dietary fats are not equal. Foods such as unprocessed meats, dark chocolate, and whole fat dairy may be relatively high in saturated fat content, but they show no association with heightened cardiovascular risk or mortality. If that weren’t enough, there is now evidence that saturated fat intake may actually be associated with a lower risk of experiencing stroke. As a result, the average American consumed 6.2 pounds of butter in 2019. The last time butter consumption topped that mark, Lyndon Johnson was the U.S. president. Overall, butterfat sales have grown 25% from 2010 to 2019, according to US

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

In California, the weather continues to be warm, reaching the three-digit numbers at times. Milk production has been stable to slightly down. Although milk loads are enough to fulfill day to day processing obligations, there are not much left for spot sales. Class I milk requests are unchanged from a week ago. In Arizona, milk yield is steady. Milk holdovers increased as the result of the closure of several manufacturing plants for the Labor Day holiday. Class I demands are steady. USDA announced last week that it will extend the school meal program across the U.S. from the end of September to December 31. The program, which usually operates during the summer months, star

This Week's Drought Summary (9/10)

Conditions took a dramatic turn across the Rockies and Plains as the valid period ended, with hot and dry conditions suddenly replaced by much colder weather, and snow in some areas. A number of sites from the central Rockies into the northern Plains saw temperatures drop from around 90 degrees F Labor Day to near freezing with light snow the next morning. Denver, CO went from temperatures averaging 15 degrees above normal on September 6 to 30 degrees below normal for September 8, with an inch of snowfall reported. East Rapid City, SD appears to have set a national all-time record by going from over 100 degrees F (102) to reporting measurable snow in a span of 2 days. The colder and wetter w

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