What You Need to Know Today:
Early Tuesday, the U.S. Energy Secretary said vessel traffic through the Strait of Hormuz is rising in a “very meaningful way.” Tuesday afternoon, however, President Trump said Iran shot down a U.S. helicopter while it was patrolling the Strait of Hormuz and vowed to retaliate for the attack during a ceasefire. An active weather pattern is bringing frequent rains across the key U.S. growing areas. There were no surprises in the weekly Crop Progress and Conditions reports on Monday, with the winter wheat harvest advancing normally and no signs of trouble for spring crops. Five New World screwworm cases have now been detected and reported in the U.S., including in a goat and a dog.
The Big Picture: T...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
