If prices are high, as they have been the past two years, this program has guaranteed great profits regardless of yields or prices going forward.February was an important month for U.S. producers because, as we have pointed out on several occasions, this is the month the initial and minimum price guarantees for the 2014 crops are calculated. The table below shows the 2012 and 2013 initial base prices compared with the preliminary prices for the 2014 crop.As a quick refresher on the crop revenue protection program:
This program insures revenue per acre. A producer can elect coverage between 65-85 percent of their proven crop yield. The per acre insurance guarantee is the percentage of insurance times the proven yield times the initial p...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
