prices

Minor month-over-month adjustments were recorded in USDA's August look at meat production at prices for 2024.   “The overall story hasn't changed much from last month, and several of the previous months going back a while,” noted World Agricultural Outlook Board chair Mark Jakanowski.  He said that was re...

USDA released some preliminary projections on what they expect to see from commodity prices in 2018 and it’s not great news.   Chief Economist Rob Johannson said he expects 2018 to be more of the same, similar to 2017.   “Corn; coming in at $3.20 per bushel. That’s...

A study by the American Farm Bureau showed price reductions for the Thanksgiving meal, and the turkey in particular which is good news for consumers, but for producers it’s a different story.   USDA Livestock Analyst Shayle Shagam said that production has fully recovered from the flu outbreak in 2015, but demand is not keeping up and the prices as of early November reflect that.   “...

Milk production forecasts from the USDA continue to show a year over year increase and that has meant a downward trend for prices.   Outlook Board Chair Seth Meyer said prices are down for butter, as well as nonfat dry milk whey.   “Those are really influenced by how competitive we are in the global market and that’s been a pretty tough competitive market. We moved prices down...

Dairy production in 2017 will increase about 2.5 percent in the U.S., but that won’t negatively impact prices according to the USDA.   Analyst Jerry Cessna said producers should still see improved returns with the average price around $18 per hundredweight.   “...

Wheat acreage has declined most years since the 1980s, but winter wheat acreage for 2017 is quite notable.   USDA Analyst Rachel Trego noted, “This year’s winter wheat planted area is now the lowest in 108 years.”   Trego says forecast planted area is down about eight percent compared to last year at 39 million acres.   In contrast, there...

Cattle and hog prices dropped in 2016, but that does not appear to be putting a damper on expected 2017 production.   USDA Chief Economist Rob Johannson said they see record production numbers in 2017.   “Beef and pork prices falling by about 10 percent relative to this year ”   Forecasts show another 800 million pounds of beef production, totaling nearly 26 billion pounds. Pork will add 880 milli