The White House touted over the weekend and again on Monday that China will immediately start buying U.S. agricultural goods. Ag economist Wally Tyner warns with tariffs still in place, that may not be a reality soon.
The major Cattle Inventory report was supposed to be released this week but is delayed.
NASS announcing this week when reports will drop. Both Cattle on Feed and Cattle Inventory will be released February.
News is breaking late Friday. President Trump is announcing of a Phase 1 agreement between the U.S. and China concerning trade. Clinton Griffiths, the Host of AgDay, has analysis from a Washington Correspondent.
USDA says farmers intend to plant 97 million acres of corn in 2020. As COVID-19 acts as an anchor on the markets, and the ethanol crisis continues to unfold, some analysts say 97 million acres could be a stretch.
The fed cattle market has brought to fruition the results many suppliers have been bracing for. The slippery slope from record cutout values has developed into a further weakening of fed cattle prices.
Cow-calf production occurs across most of the U.S. in a wide variety of production environments. I had a very enjoyable opportunity to visit several ranches in southern Florida last week and learn more about the challe