Supply chain problems from COVID-19 have led to uncertainty in the pork market causing tighter producer margins. A University of Missouri Ag economist says he can’t remember a more uncertain pork market. Scott Brown tells Brownfield that pork’s retail price has risen 20 cents from May to June, but the price change isn’t reaching producers. […]
Mexico continues to be a driver of export demand for U.S. pork. The USDA says more than 30,000 tons of U.S. pork were sold during the week ending January 16th, more than a third of that to Mexico, and while purchases by China continue to fall short of expectations, physical shipments were strong at nearly […]
The Missouri Corn Merchandising Council (MCMC) and the Missouri Corn Growers Association (MCGA) have announced a new slate of officers, the appointment of recently elected board members and national committee assignments. The election of the 2019-20 MCMC officer team took place during an August board meeting held in Branson. The following MCMC leaders assumed their […]
USDA extended the deadline to May 17 from May 1 for agricultural producers to certify 2018 crop production for payments through the Market Facilitation Program (MFP), which helps producers who have been significantly affected by foreign tariffs, resulting in the loss of traditional exports. USDA’s Farm Service Agency (FSA) extended the deadline because heavy rainfall […]
Missouri U.S. Senator Roy Blunt says he’s glad the U.S. did not heighten its trade war with China. He cites U.S. soybean exports have gone to virtually zero since the trade battle began. Blunt says if America wants to have a trade fight, the battle should be about China stealing U.S. technology and […]
The Missouri Corn Merchandising Council and the Missouri Corn Growers Association have announced a new slate of officers, the appointment of recently elected board members and national committee assignments. The election of the 2018-19 MCMC officer team took place during an August board meeting held in Branson. The following MCMC leaders assumed their new roles […]
Large supplies of meat and dairy, possibly record-setting tons, are coming to U.S. consumers. For consumers, this can be good news with lower prices at grocery cases. For producers of beef, pork, chicken, and milk it doesn’t bode so well. In a mid-year baseline update for livestock and dairy, University of Missouri economist Scott Brown […]
(Missourinet) – President Trump says the biggest winner in the U.S. trade war will be farmers. During a VFW National Convention among 4,000 members in Kansas City, Trump says America’s trade deals with other countries are a disaster. In 2017, China bought roughly 60-percent of its soybeans from U.S. farmers. About 70% of […]
If U.S. beef exports are going to keep up with production, the immediate future rests on consumers in just five countries. The longer-range outlook, however, ties more closely to the East’s economic powerhouse, China. Trevor Amen, an animal protein economist with CoBank, says today’s export market is concentrated around Canada, Hong Kong, Japan, Mexico and […]
Steep price swings were seen for fed steers in the past year, especially in recent months. Look for more of that in beef in coming months with lower prices ahead. However, the annual average fed-steer price for 2017 can end near that received last year. Declines resume in 2018, says University of Missouri Extension economists. […]
