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Is China's Economic Slowdown a Signal of What's Ahead?

This year is going to challenge pork-exporting countries around the world. The principle reason for this is a broad-based weakening in global economies which will weaken total demand for meat and likely marginally shift some beef and pork meat demand to cheaper poultry. Weak economies mean weak purchasing and economizing on food purchases, especially meat. A look at China’s economy The bellwether nation leading us into a weak 2019 is China, where a steep decline in the rate of growth of [...]

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WASDE: Corn Stocks Fall

World Agricultural Supply and Demand Estimates as published by USDA WHEAT Projected 2018/19 wheat ending stocks are raised 36 million bushels on reduced feed and residual use and lower seed use. Feed and residual use is lowered 30 million bushels on larger than expected second-quarter stocks reported in today’s NASS Grain Stocks report. Seed use is down 6 million bushels reflecting 2019/20 winter wheat planted area released today in the NASS Winter Wheat and Canola Seedings report. Winter wheat planted area [...]

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Crop Production Report: Corn Yields Down, Soybeans Up Over 2017

After two months of silence in reporting, today the USDA is releasing a number of reports. This includes the 2018 production report, detailing final yield results for a variety of crops. Today’s report includes information that would normally be published in the January Crop Production Report that was not released because of the government shutdown. It’s a bigger report than normal. Compared to this report last year, corn planted acres and yield are down, soybean planted acres are down while production [...]

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Exports in 2019: Bigger Risk, Bigger Reward?

As per capita animal protein consumption in the U.S. soars to all-time highs in 2019, the U.S. animal protein sectors will need to increase their focus on international markets for growth. Export growth will be key for U.S. beef, pork and chicken producers as growing meat supplies and processing capacity outstrip domestic demand, according to a new report from CoBank’s Knowledge Exchange Division. This has some producers concerned because the more exports play a role in supply and demand, the [...]

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Makers Of A Known Carcinogen Just Threw Shade On Corn Farmers

This year’s Super Bowl between the third and fourth best teams in the NFL was a yawner. It did, however, provide some Super Bowl firsts, like the oldest quarterback and oldest coach ever to win the big game, and the first Super Bowl MVP who had been suspended for the first four games of the season for violating the NFL’s performance-enhancing substance policy. Most of us outside of New England may soon forget the game, but many farmers are likely [...]

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