Good morning I’m Tyne Morgan. In for Clinton Griffiths. Beef cow-herd owners can follow the numbers to produce higher-quality calves worth more money at market time.
In advance of Wednesday’s Supply-Demand Report, Informa Economics has reportedly lowered their U.S. corn and soybean crop estimates. Our partners at Profarmer say the firm lowered the corn crop size to 10.3 billion bushels with a yield under 120 bushels an acre. Soybeans are pegged at 2.7 billion with a yield of 35-and-a-half bushels per acre.
For commercial beef cattle producers in Kentucky looking to expand their herds this year, expansion doesn't appear to be in the cards thanks to a summer-long drought crippling the bluegrass state. With pastures and hay fields dry and brown from the lack of rain and corn fields already being chopped for silage, in this report provided by the University of Kentucky, Jeff Franklin reports producers are just hoping to break even and survive. Plenty of silage is getting cut in the Midwest. Mike Hoffman has details in cropwatch.
In agribusiness today - the pain at the pump continues.
Trans-Canada corporation has submitted a new route for its Keystone XL Pipeline. The line would go from Canada to Texas. The new path would still go thru Nebraska, but according to the company, it would avoid the sandhills region. The sandhills are an ecological sensitive prairie. TransCanada hopes to get U.S. State Department approval early next year. The state department must approve the plan since it crosses the national border.
Canada's largest railway - which also moves a lot of grain in the U.S.- is adding to its fleet of rail cars. Canadian National plans to buy more than 22-hundred railcars and 13-hundred new containers this year to support growing bulk materials and intermodal traffic. A quarter of the new cars are high capacity hoppers for grain exports. CN says the volume of its business is up four % in the second quarter.
As next year's wheat crop is being planted, wheat commodities are taking center stage. In today's analysis, Bob Utterback tells Al Pell why wheat has become a leader in the market.
STATE FAIR HORSES:
Virginia's horse industry is a billion dollar business. It's also rich in history, dating back to the early 1600's. Some of America’s first horses arrived in the Virginian colonies more than 400 years ago. Some of the biggest legends and champions come from the commonwealth. Sherri McKinney from the Virginia Farm Bureau has our story. Thanks Sherri. By the way, the Virginia State Fair opens at the end of September.
School taste test:
In food and your family - USDA is taste-testing healthy options for school meals. It's part of a new effort to improve nutrition.