IARN — The Iowa Soybean Association is urging the administration to act innovatively and deliberately on how agriculture can help lead the way on climate and conservation issues.
ISA President Jeff Jorgenson says the state’s soybean farmers have been incorporating conservation into competitive soybean production for more than 50 years. In a recent letter to Secretary of Agriculture Tom Vilsack, the association decided to take this innovative approach and forward-thinking to USDA as it shapes a national climate strategy. Read more
IARN — The soybean complex had solid gains on WASDE Report day Wednesday, while corn and wheat futures were sharply lower. Read more
IARN — Iowa farmers continue to plant corn and soybeans at a rapid pace.
The weekly crop progress report Monday says 86% of the expected Iowa corn crop has been planted, 10 days ahead of the five-year average. North central and central Iowa farmers have less than 10% of their expected corn crop remaining to be planted. Corn emergence improved to 22% complete, an increase of 20 percentage points from the previous week. Read more
IARN — Rabobank says hog prices are sharply higher in many markets worldwide as processors are scrambling to find adequate supplies. Higher disease losses in key growing regions, along with the lagging impact of industry liquidation brought on by COVID-19, have limited available hog supplies. “African Swine Fever has proven harder to manage than initially expected in some regions, slowing herd rebuilding efforts in Asia and shifting trade expectations for the rest of the world,” says Christine McCracken, Senior Analyst for Animal Protein at Rabobank.
Higher disease-related losses in parts of North America are also contributing to the supply shortfall in the U.S. and Mexico. The re-emergence of Classical Swine Fever in Japan and Brazil is currently expected to have a limited impact on production but still brings new risk to the markets. “We expect a gradual recovery in the herd, yet higher costs of raising animals and demand uncertainty are expected to moderate the pace of growth,” McCracken says.
Higher costs in raising hogs are contributing to production slowdowns in certain regions, as the price of feed is up 35 percent year over year. Lower production expectations have left the market short of pork, just as demand is getting stronger.
Story courtesy of the Iowa Agribusiness Radio Network
Image source: Wikimedia commons
IARN — The team at Iowa State University Extension and Outreach is providing helpful cooking tips as people fire up their grills during May Beef Month. Read more
Des Moines, Iowa (RI) — Favorable conditions for planting continued again last week. Read more