The markets are still working to digest all the trade action we have seen over the last month. Analysts say grain reports are still lagging behind that data, but economists with USDA say their livestock reports are starting to take that information into account.
“We assume ‘policy in place.’ So, tariffs that China has placed on us in retaliation, and the tariffs we have placed on them, are assumed to continue throughout the remainder of this marketing year and into next marketing year,” said Seth Meyer.
Corn is another area Meyer is watching. Last week’s WASDE report showed little changes, largely because exports to China have dropped, and the marketing year is nearly over.
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USDA says both crops remain ahead of the five-year average as farmers continue monitoring dry Corn Belt conditions.
Texas Farm Bureau takes us behind the scenes at USDA’s sterile fly facility, considered a first line of defense against New World Screwworm, a fight Texas Ag Commissioner Sid Miller fears is “futile.”
The Texas Agriculture Commissioner says crews are still working to contain fires while farmers and ranchers begin assessing damage.
Cotton growers can use the survey to compare nutrient, herbicide, and pest-management practices against national production benchmarks.
Drought and Planting Shape Weekly State Agriculture Recap
USDA officials are increasing surveillance and sterile fly dispersal efforts as New World screwworm cases continue growing in Mexico near the Texas border.
