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PODCAST: Go With the Grain – Glenn Smith on Feed Ingredients
Glenn Smith, Director of Feed Ingredient Procurement at Wayne Farms, returns this week to Market Digest! Laura and Glenn discuss the increased demand for protein items as...
Storm Impacts U.S. Corn Market
A derecho wind storm swept across the US Midwest on August 10, affecting millions of cropland acres in Iowa and surrounding states. At the same time, the western part of Iowa experiences a drought. The storm caused and/or will cause significant local/regional price volatility, quality issues, and storage challenges for this year’s Iowa corn crop. Local and national impacts vary greatly due to large stocks and bumper corn crops in states bordering Iowa and beyond. The derecho and the ongoing drought have put a bottom in the market and point to higher corn prices than the USDA’s projections for the 2020/21 crop year.
Derecho Crosses the Entire US Corn Belt
On August 10, a derecho storm ripped across the Midwest, travelling 770 miles in 14 hours from South Dakota to Ohio. The worst damage was reported in Iowa, where the USDA reported that 57 counties, representing 14.0m acres, incurred...
Weather Poses Significant Risk to U.S. Corn Crop Entering Critical Pollination Phase
After last year's delayed start to the season, planting of the 2020 U.S. corn crop brought with it quite a bit of optimism for producers across the Heartland. Now, according to Planalytics AgriBusiness Weather group, that optimism may have tempered somewhat as a combination of hot, dry conditions have taken hold from the Dakotas south to Missouri and east to Ohio."No sooner did seed get in the ground when an unusually cold pattern set up that continued through the first two weeks of May", says Jeffrey Doran, Planalytics AgriBusiness Meteorologist and Director, Specialized Support and Services. "Sub-freezing temperatures were reported as far south as the Missouri Valley and Mid-South regions that slowed crop development. By the end of May, the pattern reversed itself bringing surges of strong heat that have continued into June. Unfortunately, precipitation has been hit or miss with...
Rabobank: Supply Slide Saves Grounded Demand
Agricultural commodities were heavily impacted by trade wars, African swine fever, and erratic weather in 2019. According to the RaboResearch report "Outlook 2020: Supply Slide Saves Grounded Demand," many of these factors will remain key for agri commodity prices in 2020.
In 2019, agri commodity markets were impacted by several unprecedented incidents and uncommonly severe conditions. China's hog herd declined significantly, as a result of African swine fever (ASF). This drastically weakened demand for feed and, combined with the US-China trade war, resulted in a significant slowdown in the global soybean trade.
Meanwhile, record US corn- and soybean-planting delays drove corn prices from three-year lows to six-year highs within a few weeks. Then, improved...
Challenging Harvesting and Sowing Conditions in Europe, According to Latest Bulletin
Farmers in many parts of Europe had trouble harvesting summer crops and sowing the winter crops for next year’s season, either because it was too dry or because it was too wet, according to the European Commission’s JRC MARS Bulletin published October 28.
Overall, the bulletin said yield forecasts for summer crops had been revised slightly downward but no adjustments were made to the yield forecasts of winter crops.
In most parts of Europe, the review period, from 1 September to 20 October, was...
Storms Halt Production at Two Tyson Foods Poultry Plants
Reports of storm damage impacting Tyson poultry plants located in Georgia and Arkansas have halted operations.
On Saturday, October 19, a storm hit the administration area of the Vienna, Georgia location. The plant was not operating at the time, and resumed normal operations today.
Due to overnight storms in the area, the plant near downtown Rogers, Arkansas, lost power yesterday and did not operate first shift. However, normal operations resumed Monday afternoon, and there was...
Study Sheds Light on U.S. Consumer Preferences on Conventional and Alternative Protein Products
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