As farmers hit the fields for planting season, fertilizer prices are starting to track higher. Analysts with DTN found that three of the eight major types saw price jumps over 10 percent.
UAN32 gained 10 percent compared to last month, now at $439 per ton and five percent higher on the year. UAN28 and potash both jumped five percent on the month, and UAN28 is now three percent higher than this time last year.
Despite the recent gains, potash still remains nearly 10 percent off last year’s levels.
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Rising cow numbers and higher yields are boosting milk supplies, which may keep pressure on prices and farm margins into the fall.
As input costs continue to rise, diesel prices have held steady in recent weeks, according to energy analysts at GasBuddy.
The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
Fewer placements and historically low marketings point to tighter cattle supplies ahead, with Nebraska and Kansas gaining ground as Texas feedlots face supply pressure and the threat of New World Screwworm.
Industry-wide participation in SHIP enhances biosecurity and fosters global trust in U.S. pork, says swine health expert, Dr. Christine Mainquist-Whigham.
