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Corn Conditions Only Modestly Improved; Soybeans Downgraded Slightly
In the latest Crop Progress report, the USDA showed that corn in the silking stage doubled from the previous week, currently at 8%. The 5-year average rate is 9% and year ago progress stood at 7% in the current week. 13 of the 18 primary corn-producing states reported some degree of silking progress, as Colorado, Michigan, Ohio, Pennsylvania, and Wisconsin have yet to report silking figures.
Following rainfall over the weekend, corn conditions were only modestly adjusted in the latest week, with 34% rated fair and 43% good, up from 42% the week prior. 8% was rated excellent...
Great Plains Drought Hits Hay Crops
The market for hay is overshadowed by wheat and other crops hit by a drought in the Great Plains, but it can have a similar impact on food prices.
Texas, Oklahoma and Kansas are typically among the top 10 hay-producing states, according to U.S. Agriculture Department data, and swaths of each state are experiencing extreme drought, according to the National Drought Mitigation Center, a project from the University of Nebraska-Lincoln, the USDA and other partners.
This year's average seasonal price for all types of alfalfa and grass hay...
Podcast: Agri-Food for Thought Ep 6 - Record High Cattle Prices, Feat. Special Guest
ANALYSIS: Egg Market Faces Shifting Dynamics and Challenges as Easter Approaches
ANALYSIS: Assessing January's Freeze in Latest Turkey Cold Storage Report
ANALYSIS: January's Cold Storage Movement Maintains Seasonally-Enhanced Stride
ANALYSIS: Shifting Market Dynamics Alter Trend Between Cattle and Corn Prices