Your Pro Farmer newsletter (June 18, 2022) is now available

( )

The first high-pressure ridge of the growing season formed over the central U.S. last week, causing temps to rise well above normal. That sparked concerns in the corn market and caused some cattle death losses in the Plains. The summer weather outlook calls for above-normal temps across virtually the entire country, along with below-normal precip over the western Corn Belt and Plains. On the economic front, recession concerns heightened as the yield curve inverted and the Fed got more aggressive in its fight to contain inflation. There is now concern the Fed will tighten monetary policy too far, too fast. Other central banks around the world, including the Bank of England are raising rates, but at a slower clip. Meanwhile, there are some new ideas for the farmer safety net in the next farm bill, as preparations are starting for that process. We take a look at what could be some revolutionary changes to the farm bill on News page 4. We cover all of these items and much more in this week’s newsletter, which you can download here.

 

Latest News

First Thing Today | April 25, 2024
First Thing Today | April 25, 2024

Soybeans pulled back from recent gains overnight, while corn and wheat traded on both sides of unchanged.

Market Watch | April 25, 2024
Market Watch | April 25, 2024

Big weekly increase in cash wheat prices.

Midweek Cash Markets | April 24, 2024
Midweek Cash Markets | April 24, 2024

Wheat basis held relatively steady despite the big jump in cash prices.

Cold Storage Report: Mixed signals for beef, pork demand
Cold Storage Report: Mixed signals for beef, pork demand

Frozen beef stocks declined more than average during March, signaling demand remains strong. Pork inventories built contra-seasonally last month.

USDA issues interstate transport testing, reporting order for H5N1 in dairy cattle
USDA issues interstate transport testing, reporting order for H5N1 in dairy cattle

USDA’s Animal and Plant Health Inspection Service (APHIS) will require testing for the H5N1 virus in dairy cattle crossing state lines. Any detection of the disease must also be reported.

After the Bell | April 24, 2024
After the Bell | April 24, 2024

After the Bell | April 24, 2024