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Fast Opening to Market Drives Cash Lower

Cash cattle trading started early last week as cattle feeders in Texas began on Monday by accepting cash bids a dollar lower.  The lower trades set the market for all the other regions for the week.  On the whole, the weekly price was $104 to $107, with most cattle trading at $105 per cwt., $1…

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Intermountain Packing To Build New Idaho Plant

Intermountain Packing has announced plans to build a new packing facility in Idaho Falls, ID. The $20 million facility will occupy nine acres and is scheduled to be in operation in the fall of 2021. Construction on the 50,000-square-foot facility will begin this fall, General Manager Bob Stirling told EastIdahoNews.com. The plant will have capacity…

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Derrell Peel : Winter Wheat Grazing Prospects

Winter wheat is used for grain-only, forage-only or dual-purpose systems targeting cattle grazing and grain production.  In the Southern Plains, stocker producers interested in grazing winter wheat pastures often begin planting wheat in late August or early September. The desire to jump-start wheat forage growth by planting early in the fall must be balanced against…

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USDA Names Dr. Spiro Stefanou as New ERS Administrator

USDA

(Washington, D.C., August 31, 2020) – Deputy Undersecretary for Research, Education, Economics Dr. Scott Hutchins announced today that USDA has named Dr. Spiro Stefanou to lead the Economic Research Service (ERS) as its new Administrator. “We look forward to adding Dr. Stefanou’s more than 30 years of leadership and expertise in agricultural economics as we…

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Should You Be High Chopping Corn Silage This Fall?

For most parts of the Midwest, 2020 provided a good, if not “near-perfect” growing season for corn silage. But that may not translate to perfect feed. “It’s interesting—in years where we have adequate feed inventory and above-average yields, we typically have below-average forage quality,” says John Goeser, Rock River Laboratory animal nutrition, research and development…

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USDA Implements the OneRD Guarantee Loan Initiative; Encourages Private Investment in Rural Communities

USDA

WASHINGTON, Aug. 31, 2020 – United States Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Bette Brand today announced that USDA is implementing the OneRD Guarantee Loan Initiative, releasing new information on rates and terms that will help lenders apply for loan guarantees to support rural businesses, infrastructure and community facilities and increase…

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USDA Extends Free Meals for Kids Through December 31, 2020

USDA

(Washington, DC, August 31, 2020) – Today, U.S. Secretary of Agriculture Sonny Perdue announced the U.S. Department of Agriculture (USDA) will extend several flexibilities through as late as December 31, 2020. The flexibilities allow summer meal program operators to continue serving free meals to all children into the fall months. This unprecedented move will help…

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Trump Administration Invests $9 Million in High-Speed Broadband in Rural Virginia

USDA

USDA ReConnect Funding to Connect 3,005 Households in Scott County to High-Speed Broadband GATE CITY, Va., Aug. 31, 2020 – The Trump Administration today announced that the United States Department of Agriculture (USDA) is investing $9 million to provide broadband service in unserved and underserved rural areas in Virginia. “Access to a high-speed internet connection…

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Stormy Weather for Ag, Energy Markets?

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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NM Judge Rejects COOL Lawsuit

A New Mexico federal judge has permanently dismissed a pair of lawsuits against the Big 4 meat packers. The defendants are Tyson Foods, Inc., JBS USA, Cargill Meat Solutions and National Beef Packing Company. The decision was appealed to the U.S. Court of Appeals for the 10th Circuit. Two separate lawsuits were filed in February…

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