Farm Bureau tallies cost of Thanksgiving dinner in 2019

The American Farm Bureau (AFB) reports that the cost for a Thanksgiving dinner went up in 2019: By exactly one penny. Per AFB, the average cost of Thanksgiving dinner for 10 people is $48.91, up from $48.90 last year. This nominal increase follows three [...]

Higher prices help lift dairy herd

October saw the second consecutive increase in the U.S. dairy herd as higher prices for products like cheese and non-fat dried milk (NFDM) helped lift milking revenues. The November Milk Production report showed that the 24-state number and total U.S. herd recovered by 5,000 [...]

Mexico continues to be great trade partner for U.S.

U.S. agricultural exports to Mexico grew over 32 percent from 2009 to 2018, per USDA. In 2018, Mexico was the top export destination for U.S. corn, dairy, poultry meat and eggs, sugar and sweeteners, distillers dried grains, and more. Additionally, the country is in [...]

Fallout from USDA’s move out of Washington

The National Institute of Food and Agriculture (NAFA) and the Economic Research Service (ERS) have each lost between 50 and 75 percent of their staff since June 2019. That is when U.S. Secretary of Agriculture Sonny Purdue announced these two USDA agencies would be [...]

Cooler fall temps as dairy herd shows signs of recovery

Dairy data releases in the last two weeks included some encouraging signs of herd recovery and bearish stocks numbers. Last Monday’s USDA Milk Production Report showed a modest uptick in the 24-state cow number to 8,796,000 heifers. The total U.S. herd was about flat, [...]

Good export sales continue for soybeans

Net soybean export sales for the week of Oct. 10 were 1.6 MMT (58.8 million bushels), down 24 percent from the previous week’s strong showing. Outstanding sales were just over 13.0 MMT (477.8 million bushels), down 18 percent from outstanding sales a year ago—but [...]

U.S. pork exports rise to meet growing Asian Tiger

China’s swine herd is set to fall to 275 million head, representing a decline of almost 40 percent from levels before the African swine fever (ASF) outbreak. Recovery may be slow as producers are reluctant to add new head while potential for further infection [...]