News

Fall Grain Harvest Countdown Proceeds Smoothly

The weekly Crop Progress report issued by USDA-NASS (National Agriculture Statistics Service) showed this year’s corn crop condition as of the last weekend in August as unchanged from the prior week.

Sixty-two percent of the corn crop is rated in good or excellent condition, compared to 75% a year ago. The soybean crop condition improved by a miniscule amount from the prior week with 61% of the crop rated in good or excellent condition compared to 73% a year ago.

These corn and soybean ratings are consistent with yield per acre estimates made by USDA-NASS in the second week of August that result in corn production this year declining 7% from last year and soybean production increasing by 2%, based on a 7% increase in area sown to soybeans.

Independent crop tours have been sampling crop conditions during the last two weeks and report more variable crop conditions across the Midwest than average and expect to see USDA-NASS reduce their estimate of the coming crop harvest slightly in early September, but not by enough to significantly affect supply and demand prospects for these commodities in the coming year. 

Mon, 25 Sep 2017 16:36:00 +0000
Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week.

Fri, 01 Sep 2017 12:46:00 +0000
According to the latest Cattle on Feed report by USDA’s National Agricultural Statistics Service (NASS), the number of animal’s on feed (lots with 1,000 or more head capacity) remained above a year ago.

Thu, 31 Aug 2017 12:38:00 +0000
Total U.S. red meat and poultry production are often cited as "record high," which is correct this year and last, and the Livestock Marketing Information Center (LMIC) forecasts that situation to persist through 2019. However, production numbers need to be in context, which is often not done.

Wed, 30 Aug 2017 08:49:00 +0000
The weekly Crop Progress report issued by USDA-NASS (National Agriculture Statistics Service) showed this year’s corn crop condition as of the last weekend in August as unchanged from the prior week.

Mon, 28 Aug 2017 15:14:00 +0000
July placements up 2.7% vs year ago and Aug. 1 feedlot cattle at 104.3% of year ago.

Fri, 25 Aug 2017 23:25:00 +0000
Feedlots in the U.S. added 439,000 more head of cattle on Aug. 1 compared to the same time last year, an increase of 4%.

Fri, 25 Aug 2017 13:22:00 +0000
Canadians are adding more cattle to their herd, but the U.S. still has 10-times as many cattle.

Tue, 15 Aug 2017 15:09:00 +0000
The estimate of area harvested was unchanged from the figure shown in their June acreage report and only up a fraction of a percent from last year.

Sat, 22 Jul 2017 20:24:51 +0000
June 1 feedlot cattle at 104.5 pct of year ago.

Fri, 21 Jul 2017 20:54:00 +0000
The U.S. beef cow herd increased 7% in the past two years, while beef replacement heifers were down 2% since USDA's last mid-year inventory report.