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Beef export values climb in June

U.S beef exports have slowed in volume while export values have risen. Dan Halstrom, president and CEO of the U.S. Meat Export Federation, says beef exports reached the highest value in nearly two years.  “We exported $938 million in value in the month of...

Ag Economy Barometer slightly improves in June

According to the latest Purdue University/CME Group Ag Economy Barometer, farmer sentiment improved slightly from last month. Jim Mintert with Purdue’s Center for Commercial Agriculture tells Brownfield the rise was surprising. “Given that we saw weakness, especially in corn and soybean prices from June to...

Ethanol exports down on month, still all-time June high

U.S. ethanol exports dipped from May to June. The Renewable Fuels Association says ethanol exports of 145.9 million gallons were 6% below May, but still the largest on record for the month of June. Canada took in its lowest volume for 2024 to date,...

June corn grind, soybean crush up on year

Corn for ethanol use and the soybean crush were mixed during June. The USDA says 442.346 million bushels of corn were used for fuel alcohol production, 3% less than in May, but a little bit more than what was used in July 2023. The...

June USDA price indices mixed

Farmers made more and paid a little less in June. The USDA says the index of prices received climbed 2.5% from May as gains in market eggs, lettuce, strawberries, and broccoli mostly canceled out losses in broilers, hay, tomatoes, and peaches. The dairy index...

June poultry production down on year

4.182 billion pounds of poultry were certified wholesome in June 2024. The USDA says that was 7% less than June 2023, including 3.764 billion pounds of chicken, 6% lower than the previous year, and 408.781 million pounds of turkey, a decline of 17%. Those...

Red meat production dips during June

Commercial U.S. red meat production was down 6% from June 2023 to June 2024. The USDA says that year-to-year decline in production to 4.268 billion pounds was with a 9% drop in beef and a 4% decrease for pork as slower slaughter paces more...

USDA says June milk production was down

USDA says milk production for June was down by eight-tenths of a percent from 2023.  Tuesday’s report shows the 24 major dairy producing states made 18 billion pounds of milk in June.  USDA also revised their May report to 18.8 billion pounds, down eight-tenths...

June egg production down on year

U.S. chicken egg production declined during June. The USDA says 8.809 billion eggs were produced last month, 2% less than June 2023, with a 3% decrease in the number of layers canceling out a 1% increase in efficiency. That included lower moves for both...

Cattle placements, marketings down in June

Placements of cattle into U.S. feedlots fell during June. The USDA says 1.564 million cattle were placed on feed last month, a decline of 7% on the year, which followed an increase in placements during May. This lower June placements number implies a tighter...

Ag Economy Barometer declines slightly in June

An ag economist says farmers are less optimistic about the future. Jim Mintert with Purdue’s Center for Commercial Agriculture tells Brownfield farmer sentiment declined in the latest Purdue University/CME Group Ag Economy Barometer. “It was really attributable to some weaker expectations about the future, the...
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