Your Pro Farmer newsletter (July 30, 2022) is now available

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Your Pro Farmer newsletter is now available... Weather is becoming a greater concern as dryness is spreading, especially in the northwestern Corn Belt. Forecasts call for a return of the blocking high pressure ridge over the Plains and western Corn Belt this week, which will stress crops in those areas. USDA’s Cattle Inventory Report showed the U.S. cattle herd contracted another 2% as of July 1 and signaled numbers will continue to tighten. That paints a stronger price picture for cattle through next year. Meanwhile, the cash hog market continues to firm, signaling market-ready supplies might not be as plentiful as thought. On the economic front, the U.S. economy contracted again in the second quarter but the Fed continued to raise interest rates in its battle against inflation. We take a look at potential impacts to farmland values and rental rates in our News page 4 feature. We cover all of these items and much more in this week’s newsletter, which you can download here.

 

Latest News

After the Bell | March 28, 2024
After the Bell | March 28, 2024

After the Bell | March 28, 2024

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.

Timeline and Issues in Getting Baltimore Port Channel Reopened
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Cattle Strength Wanes | March 28, 2024
Cattle Strength Wanes | March 28, 2024

Japan works to support Yen, Eurozone cuts production forecast and the Biden Administration will repair Baltimore Bridge...