This strong El Nino is offering some hope that winter will finally bring rain to severely drought-stricken central and northern California. However, that then raises other concerns.
I've traveled across much of central and northern California over the past several days, and the landscape is almost lunar in appearance because of the four years of severe drought. After a similar trip a year ago, it didn't seem that this could get or look any worse, but it has. That isn't news, but you can't appreciate what many farmers and livestock producers are going through until actually seeing it. This strong El Nino is offering some hope that winter will finally bring rain. The concern is that after this long period of drought, heavy rainfall could c...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
