While still February, it’s very dry with the drought worsening across much of the U.S. as well as southern Manitoba and Saskatchewan (see the drought monitor maps below).
What prompted yet another look at this was an email from a reliable farmer in northeastern Montana discussing why he will be planting less wheat in 2018. The main point was that his breakeven price (USD/bushel) for spring wheat is now $7.28 with the current new crop price at $5.87. Based on his proven spring wheat yield of 30 bushels/acre, this would result in a loss of more than $40/acre. More importantly to him, it is so dry in his area that a yield of30 bushels/acre is a pipedream without significant spring and summer rain. This farmer’s own data shows th...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
