The latest U.S. Drought Monitor revealed not only contracting drought coverage across the nation, but also shrinking levels we haven’t seen in years.
And that is ringing true for many of the country’s top commodities. USDA Meteorologist, Brad Rippey, breaks down the numbers.
“Coverage of the corn production area in drought for the U.S. is just 19% at the end of April, down five points from the beginning of the month, pretty much the same with soybeans, 17% drought coverage, soybean production area at the end of April, down also five points from the beginning of the month. And then as we shift to the South, news for the cotton belt at this time just 8% of the U.S. cotton belt in drought at the end of April. No change from the beginning of the month our current. For for the U.S. hay production area in drought is just 12% at the end of April. That’s down two points from the beginning of April and also down from last autumn’s peak of 42% of the hay production area and drought.”
Brad Rippey, USDA Meteorologist
It’s a very similar picture for cattle producing areas. Just 17% of the U.S. cattle inventory is in drought. That’s up slightly from April where we saw 13%, but this is a major improvement from last fall when almost half of the nation’s herd was in a drought.
Related Stories
As economic pressures continue to squeeze agriculture, ag lenders are signaling a more cautious outlook for farm profitability heading into next year, particularly among grain producers facing lower commodity prices and higher operating costs.
USDA released the November WASDE Report on Friday, the first supply-and-demand estimate to drop since September, just before the 43-day government shutdown.
China’s cost advantage with Brazilian soybeans and vague public messaging leave U.S. export prospects uncertain heading into winter.
AFBF economist Faith Parum breaks down the potential impact of the proposed policy change to allow year-round sales of E15 biofuel.
The facility will increase the range of sterile fly release and bolster preparedness for New World Screwworm.
With the U.S.–Vietnam agreement nearing signature, U.S. cotton, corn, and soybean exporters could lock in new demand lanes just as global supply shifts.
