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An unprecedented meeting held early this month among major cattle industry representatives has now produced plans for change. It’s happening while a group of U.S. lawmakers are also asking the DOJ for answers.
The latest U.S. Drought monitor indicates drought is gripping pastures, with 60% of the nation’s cow herd is now in some level of drought or dryness, and it’s causing cow slaughter numbers to climb.
Whether the mercury is too high or the rain gauge too low, those producers who have already put away the planter now play the waiting game. And as always, the stakes are high.
Meteorologist Matt Engelbrecht takes a look at one storm system that is parked right now over the South.
Reuters reported POET is in talks with Flint Hills Resources to buy all its ethanol assets. The possible deal would increase POET’s production capacity to up to 3 billion gallons a year.
The latest USDA Crop Progress Report shows 80% of the corn crop is now planted, which is 12 points ahead of the five-year average. Soybean planting is 61% complete nationwide.
The Association of Equipment Manufacturer’s releasing its April “flash report”. AEM shows sales of all tractors were up 39% year to date, while smaller tractor sales were up 21% compared to last year.
Federal and state water projects say they will provide little to no irrigation water to many agricultural customers, so farmers must calculate how much food they can grow with their limited supplies.
Meteorologist Matt Engelbrecht takes a look at the snowfall map.
USDA’s first look at new crop in the May WASDE indicated higher crop prices could start to erode demand. However, USDA points out greater domestic use could help offset the idea of lower exports.