California is in a major drought situation and now under emergency restrictions declared by Governor Gerry Brown. While these exempt agriculture, which has become its own contentious issue, the water shortage will impact the dairy industry among others.
The official rainy season for California ends 15 April. Like the past four years, though, there has been little precipitation thus far. California is in a major drought situation with approximately 67 percent of the state experiencing such conditions. It is now under emergency restrictions declared by Governor Gerry Brown. However, these exempt agriculture, which has become its own contentious issue. From the perspective of California's agricultural sector, the controversy stems not from...
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...
