The drought getting worse in the High Plains

While the overall drought conditions in the contiguous United States have not changed much in the last four weeks, the weekly Drought Monitor shows the dry conditions are intensifying in the High Plains. 95 percent of Nebraska is now in extreme drought, 84 percent of Kansas is in extreme drought while South Dakota has nearly… Read more »

Congressional ag leadership pushes

Speculation continues as to whether the House will bring up the Farm Bill during the lame duck session. The pending fiscal cliff and military spending are going to be the top priorities for lawmakers. On Thursday ranking Ag Committee member Collin Peterson called on Republican leadership to bring the bill to the floor saying there… Read more »

Fraudulent fertilizer dealer gets 1 year

The former owner of a California fertilizer company will serve a year in federal prison for selling organic fertilizer that was not organic. Peter Townsley was also fined $125,000 and upon leaving prison will live in a halfway house for six months while doing 1,000 hours of community service. Townsley pleaded guilty in February to… Read more »

A down week for dairy

For the second time in the week, cash cheese declined on the Chicago Mercantile Exchange on Friday. Barrels down 7.5 cents to $1.835, blocks fell 7 cents to $1.92. Class III futures declined in response to the cheese market. Butter and nonfat dry milk held steady. For the week, cash cheese barrels down 24.5 cents,… Read more »

Cattle trade at steady to lower prices

Chicago Mercantile Exchange live cattle futures were mostly higher on tighter supply projections. Feeders were mostly weak on a lack of new buying interest. Direct cash cattle trade was mostly steady to $1 lower than last week’s trade with live business at $125 in Kansas and $126 in Texas, and on the dressed trade at… Read more »

Beans drop on USDA numbers

Soybeans were sharply lower on fund and commercial selling. USDA raised the production estimate more than 100 million bushels to 2.971 billion, pegging the average yield at 39.3 bushels per acre. Ending stocks were also up on the month. Soybean meal and oil were lower on the losses in beans. Informa Economics projects 2013 U.S…. Read more »

2013 Indiana State Fair: Year of Popcorn

One of America’s favorite snacks will be featured at the 2013 Indiana State Fair. Indiana State Fair executive director Cindy Hoye says Indiana is known for its tremendous corn-producing capabilities, but few know about the state’s popcorn production. “This is the year we make sure all Hoosiers realize that their main movie-watching snack was likely… Read more »

Friday midday cash livestock markets

There’s been light trade reported at $126 on the live basis in Texas, down around $1 on the week, with around 5,000 head traded. There’s even lighter activity in the Northern dressed markets at $195 in Nebraska and $198 in Iowa. Asking prices are $128 to $129 in the South and $198+ in the North… Read more »

Obama must pay to play…

It’s sunrise at 30,000 feet as I wing my way from Boise to Minneapolis en route to my East Coast hearth and home. It was good to get out of DC post-election; it was even better to spend time with the Idaho Dairymen, but that’s a blog for another time. Being on an airplane at… Read more »

USDA raises domestic ending stocks

USDA’s increased its domestic ending stocks estimates for corn, soybeans, and wheat. The Ag Department raised U.S. wheat ending stocks 50 million bushels to 704 million, cutting exports because of the recent slow pace of sales and shipments. The average farm price is seen at $7.75 to $8.45 per bushel, compared to $7.65 to $8.55… Read more »