The U.S. beef export volume so far (January to June 2017) is the second largest after the record high volume of 605,835 MT CWE in 2011. June 2017 registered the largest exports of the year with 108,230 MT CWE. Exports during June were up 12% year over year and 5.5% from the previous month.
The latest (August 30, 2017) and second USDA forecasts for the 2017 calendar year for U.S. net cash income (gross cash income minus cash expenses) and U.S. net farm income (total gross income minus total expenses), indicate an increase for both measures compared with 2016 estimates. Net cash income is forecast up 12.6 percent to $100.4 billion year over year, whereas net farm income is expected to grow by $1.9 billion (3.1 percent) to $63.4 billion compared with last 2016's estimate ($61.5 bil
The 2017 average Iowa cropland cash rent by county as reported by USDA/NASS was $231/acre, down $4/acre from last year. The county averages ranged from $144/acre in Lucas County to $273/acre in Benton County.
This spring I joined the Decision Innovation Solutions team as their marketing/communications intern. I wasn't 100 percent sure what expect for the day to day workings of an analytical company like DIS, but I was certainly excited to find out!
Recently the Trump Administration has begun to discuss and prepare to withdrawal from the Free Trade Agreement the U.S. has with South Korea. With many of the trade agreements now coming to the forefront of U.S. trade, it is important to understand the role that these countries play in supporting our agricultural production both in Iowa and across the U.S.
2016 ARC-CO payments have been issued by the FSA. As shown on the map, counties in Iowa will receive a gross payment amount ranging from $0 to $85 for corn acres, and $0 to $33 for soybean acres.
The USDA released the October report of the World Agricultural Supply and Demand Estimates (WASDE, October 12, 2017), forecasting higher 2017/18 corn production, increased corn use for both feed and residual and food, seed and industrial (FSI) (excluding corn for ethanol use).
U.S. livestock and poultry producers have typically relied on soybean meal (SBM) as a valuable and consistent source of protein in their rations. The inclusion rates for SBM varies by species. Except for dairy cattle, and to a certain extent beef cattle, SBM is the preferred source of protein.
China is the fourth largest producer and consumer of ethanol after the United States, Brazil, and the European Union. China's ethanol gasoline blend rate averaged 2.6 percent from 2008 to 2016, with ethanol consumption ranging from 594 million gallons in 2008 to 1.010 billion gallons in 2016.
Soybean oil is the most dominant edible oil in the U.S. domestic fats and oils market. Relative abundant supply and cheaper soybean oil are the main reasons behind its dominance in local markets. Approximately 88 percent of total soybean oil production is domestically utilized with the remaining 12 percent exported.
