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18Mar

Spring Weather Could Turn Stormy

Despite months of cool to downright-frigid weather, it doesn’t look like farmers in the Midwest will see a reprieve anytime soon. March looks to be a chilly month to kick off planting, and parts of the Midwest will not see above-normal temperatures until May. Many states saw record-setting cold temperatures in January and February with some areas receiving in excess of 40" of snow this winter. “This pattern tilts the odds toward colder-than-average weather temperatures overall for the months ahead,” says...

By Weather
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18Mar

China Makes First Major U.S. Pork Purchase in Two Years

It’s finally come. China made its largest purchase of U.S. pork in nearly two years last week, according to USDA data released Thursday, reports Reuters. Chinese hog prices continue to climb as the country deals with an ongoing outbreak of African swine fever (ASF). The sale of 23,846 tons of U.S. pork in the week ending March 7 comes with a 62% import tariff imposed by China on U.S. pork, as part of the recent trade war between the two countries. China...

By Livestock
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11Mar

27,800 Cattle Unaccounted for in South Dakota Foreclosure

A court-appointed investigator reports a South Dakota man involved in a foreclosure case sold the same cattle to as many as four different parties, leaving 27,800 cattle unaccounted for. The multi-million dollar case began unfolding last month when First Dakota National Bank filed a foreclosure against Robert and Becky Blom, Corsica, S.D. At a hearing in Armour, S.D. on Feb. 14, nine law firms filed notices of appearances in the case representing 17 additional parties. Lew Dirks, an investigator from Sioux...

By Livestock
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08Mar

China Blocks Imports of Canola From Canada

China says it's blocking some imports of canola from Canada out of fears of insect infestation. The move comes amid tensions over Canada's arrest of a Chinese tech executive. Some believe it’s an attempt by China to gain leverage with Canada. China cited only "harmful organisms" for suspending the imports and didn't identify what those might be as well. A China foreign ministry spokesman saying the decision is well-founded. Canadian officials say they have not identified any pests or bacteria of...

By Grains
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07Mar

Trade Red Ink on the Rise for U.S.

The U.S. trade deficit jumped nearly 19% in December. That pushes the trade imbalance for all of 2018 to a decade-high of $621 billion dollars. The Commerce Department says the gap between what the U.S. sells and what it buys from other countries rose to $59.8 billion in December. That's up from $50.3 billion in November. The trade gap on goods surged to record highs last year with China ($419.2 billion), Mexico ($81.5 billion) and the European Union ($169.3 billion). December's...

By Uncategorized
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