Large government payments helped 2020 Missouri net farm income match or exceed the 2014 record of $3.4 billion, according to Abigail Meffert, senior research associate with the University of Missouri Food and Agricultural Policy Research Institute (FAPRI). Missouri’s outlook falls in line with the U.S. Agricultural Market Outlook, a summary of 10-year baseline projections presented […]
The newly elected president of the National Pork Producers Council outlined the organization’s priorities following the conclusion of their meeting at the National Pork Industry Forum. Jen Sorenson, an Iowa pork producer, says the expansion of export markets is at the top of their list. “Ultimately we see joining CPTPP as a major opportunity under […]
The USDA says export sales numbers for most major commodities declined during the week ending February 18th. Corn and wheat were driven to new marketing year lows following cancellations by unknown destinations, possibly China, while soybean sales dropped also following cancellations by an unknown destination. China also canceled on U.S. beef and while it was […]
The USDA is calling for ag exports to increase by nearly eight percent for the 2021 fiscal year largely because of Chinese demand. USDA’s November ag export forecast increased by $11.5 billion from August to $152 billion. If realized it would be the second-highest export total on record with China accounting for most of the increase, […]
Market analyst Clayton Pope takes issue with the contention that current higher soybean prices are demand-driven. Pope concedes that USDA’s 75-million-bushel jump in soybean exports is significant for the market, but he says the August to November soybean supply dropped 346 million bushels. “Calling this a demand market is a little bit of a misnomer, […]
Pork export sales hit a marketing-year high last week. The USDA says the total for the week ending October 1st of 60,200 tons were up more than 50% from the four-week average, with China buying 29,000 tons, a possible sign of significant demand improvement as Germany remains out of the export market because of an […]
The Missouri Corn Merchandising Council and Missouri Corn Growers Association have announced their new slate of officers, the appointment of recently elected board members, and national committee assignments. The election of the Missouri Corn Merchandising Council officer team took place during an August board meeting. Leaders assumed their new roles Thursday, October 1st. Those officers […]
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. […]
