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USDA price indices fall in September

Farmers made and paid less in September than August. The USDA says the index of prices received fell 5.6% with losses in cattle, hogs, market eggs, and lettuce against gains in corn, broilers, turkeys, and milk. The index of prices paid was down 0.2%...

U.S. ethanol price outlook

A fuel economist says he’s optimistic about the outlook for ethanol prices despite high expectations for this year’s U.S. corn harvest. Patrick De Haan, head of petroleum analysis for GasBuddy, says, “Ethanol prices have been rather low. It looks like the growing season was...

Diesel price outlook amid cooler temperatures

A fuel economist says diesel prices have increased across the U.S. Patrick De Haan, head of petroleum analysis for GasBuddy, says the price jump is a seasonal shift. “As we see diesel demand going up from agriculture season and harvest happening, we’re also seeing...

Dairy price weakens in latest report

The USDA has pulled back its expectations for higher milk prices. In its latest supply and demand report, the department says lower milk production per cow is expected through the end of next year. Recently low butter and cheese prices however have negatively impacted...

McDonald’s files suit against top meat processors, alleging price fixing

McDonald’s has accused the four largest meat processors of conspiring to inflate the price of beef.  In a lawsuit filed last Friday, the world’s largest buyer of beef and pork alleges Tyson, JBS, Cargill, and National Beef Packing violated U.S. antitrust laws to artificially...

Risk protection key in down price environment

A Minnesota farmer is stressing the importance of risk protection amid low commodity prices and high input costs. Darin Johnson says it’s a tough environment for marketing corn and soybeans. “As we figure break-evens looking into this next year, we are well below the...

Prop 12 causes some food price increases in CA

USDA’s chief economist says state-specific livestock production requirements are having an impact on food prices. Seth Meyer says Proposition 12, a law requiring pork sold in California to be raised under strict guidelines, has caused a 19% increase in retail costs and a 21%...

Agriculture price squeeze

USDA’s chief economist says there’s a cost-price squeeze happening in agriculture. Input costs haven’t lowered with commodity prices and Seth Meyer says it’s a sticky situation. “We appear to be entering that phase of tighter margins. Could be another shock around the corner, always...

Dairy price strength could continue

The USDA does not expect milk production to increase through at least 2025 and farmers should benefit. In its latest supply and demand report, the department says lower cow numbers and slower production increases per cow are likely. Expectations for butter, cheese, whey, nonfat...

Economist says he expects USDA to update cattle price projections

A livestock economist says the USDA will likely update their cattle price projections in Thursday’s supply and demand report. Scott Brown says cash cattle prices have been moving lower. “Does that make them trim back their estimate for 2025 yet,” he says.  “I’m not...

USDA ag price indices down on month

U.S. farmers made and paid less in July than they did in June. The USDA’s index of prices received fell 2.7% on the month on declines in corn, soybeans, lettuce, and broccoli, which canceled out gains in cattle, market eggs, strawberries, and oranges. The...

Grain price improvements not likely this year

A senior loan officer at Farm Credit MidAmerica says the ag economy is seeing its fair share of ups and downs. Kyle Weber says the recent uptick in equipment layoffs didn’t come as a surprise. “With the grain prices going down, usually the first thing...
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