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Author Archives: MCFB

Crop Condition & Progress – Sept. 30

Illinois corn harvest stands at 48 percent complete with soybeans 35% complete for the week ending Sept. 30. There were 5.5 days suitable for fieldwork. Statewide, the average temperature was 61.0 degrees, 0.8 degrees below normal. Precipitation averaged 0.95 inches, 0.24 inches above normal. Topsoil moisture supply was rated at 3 percent very short, 15 percent… read more

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CHINA TURNS TO BRAZIL TO FILL U.S. SOYBEAN VOID

The Chinese are purchasing record numbers of Brazilian soybeans due to the trade dispute with the United States. China is willing to pay higher prices for Brazilian beans, thus impeding purchases of U.S. crops during their peak marketing season. (Reuters)

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FARM BILL NEGOTIATORS FAIL TO REACH DEAL

With the chances of a farm bill being passed by Sunday slim to none, Senator Debbie Stabenow, the ranking Democrat on the Senate Ag Committee, said that committee members are committed to working through October to reach an agreement by the end of the year. (Agri-Pulse)

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FATE OF #NAFTA HINGES ON #MILK

A dispute over dairy products is threatening a decades-long agreement with Canada and the United States. Canada has a deep-rooted policy of managing its dairy supply with production quotas and high levies, and President Trump has threatened to part ways with Canada if they don’t drop their dairy tariffs of 270 percent. (New York Times)

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USDA SETS GOAL FOR CATTLE TRACEABILITY

The USDA announced that in the 2019 Fiscal Year, they will start building the capability for the electronic sharing data for states, to track and identify livestock. The USDA hopes to slowly fade out bright or metal tags for identification, and focus on the cost of electronic I.D. (Brownfield)

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BASICS OF BASIS

Current futures prices for corn and soybeans are bad enough, but the picture is much worse looking at local cash bids. What’s causing the wide basis levels? Joe Camp, AgriVisor risk management specialist, and Mike Doherty, Illinois Farm Bureau senior economist and policy analyst, explain in this Q&A. (FarmWeekNow.com)

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BAYER TAKES DEFENSE OF WEED KILLER A STEP FURTHER

After a California jury voted to unanimously rule in favor of a groundskeeper claiming Bayer’s Roundup herbicide gave him cancer, Bayer AG is stepping up their legal defense to overturn the verdict. (Market Watch)

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FLOODING FROM HURRICANE HURTS NORTH CAROLINA HOG FARMS

More than 5,000 hogs have died because of Hurricane Florence, as well as 3.4 million chickens and turkeys. Furthermore, dozens of waste lagoons have overflowed, leaking pollutants into waterways. (Wall Street Journal)

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CARGILL RECALLS BEEF AFTER E. COLI OUTBREAK

For the second month in a row, Cargill has recalled 132,000 pounds of beef due to a possible E. coli contamination. The beef surrounding the recall was produced and packaged on June 21, 2018. This announcement follows last month’s recall of 25,000 pounds of Cargill beef. (USA Today)

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GRANT PROGRAMS RECEIVE USDA FUNDING

In an effort to increase opportunities for farmers and ranchers across the country, the USDA is investing $102.7 million through five different grant programs. These programs are intended to expand markets for local food promotion and specialty crops. (Prairie Farmer)

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