AFBF comments on USDA's harvest projections

The Agriculture Department’s much-anticipated October report on agricultural supply and demand for the 2014-2015 marketing year delivered few surprises today, the American Farm Bureau Federation said. FULL STORY »

Hog Outlook: Forecast of 2015 pork production up by 2.6 percent

The October WASDE made only minor changes to USDA's production and price forecasts for 2014 pork, but it increased their forecast of 2015 pork production by 2.6% and lowered their forecast of next year's average hog price by $4-$5/cwt. USDA is forecasting 51-52% lean hogs will average close to $77.60/cwt of live weight this year and between $63/cwt and $68/cwt next year. FULL STORY »

Corn, soybean production up slightly

Both corn and soybean production is up from September's forecast. FULL STORY »

USDA estimates corn, soybean production up for 2014-15

The USDA forecasts corn production at 80 million bushels higher. This will set a record at 14,475 million bushels. FULL STORY »

2014 pork production slips slightly, USDA reports

Pork production for 2014 has been reduced from last month as slower gains in carcass weights during the second half of the year more than offset the higher-than-expected fourth-quarter slaughter. FULL STORY »

Bacon cheeseburgers costing just a bit more

Shoppers are paying slightly more for food at the grocery store compared to the first half of 2014. Higher retail prices for beef and pork products such as ground chuck and bacon, among other foods, resulted in a slight increase in the American Farm Bureau Federation’s latest Semi-Annual Marketbasket Survey. FULL STORY »

Natural gas supply up this week

Mild temperatures led to natural gas price decreases at most market locations across the country. FULL STORY »

Big market losses depressed livestock prices Thursday afternoon

Thursday’s export data apparently affected the crop markets. One might easily assume rainfall now pounding parts of the Midwest would boost corn and soy prices, since it could slow the harvest and reduce quality. FULL STORY »

Livestock markets continue attracting bulls

Today’s export data is apparently affecting the crop markets. It would be easy to assume the rainfall now pounding parts of the Midwest would boost corn and soy prices since it could slow the harvest and reduce quality. FULL STORY »

Americans showing increased preference for pork

Results of a consumer tracking study released by the Pork Checkoff found that more American consumers are reporting an enduring love for pork. FULL STORY »

Heating oil, propane expenditures projected lower than last year

Autumn arrived in the Midwest and the Mid-Atlantic states last week as temperatures turned noticeably colder and snow fell across Wisconsin and Minnesota. FULL STORY »

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