What began as a single project for a national commodity organization has now officially blossomed into four repeats of that project along with many others which have spun off that original project in 2014.
2017 ARC-CO payments were issued by USDA's Farm Service Agency on October 4, 2018. As shown on the maps below, Iowa counties received final payment rates ranging from $6.48 to $64.39 per acre for corn and $0.42 to $49.96 per acre for soybeans.
We are now a little over halfway through October and Iowa corn harvest progress is only at 17% and soybean harvest progress is 19% complete, which are both behind the 5-year averages of 24% and 51%, respectively. Many are wondering, how does this fall rainfall compare to other years?
Yellow grease (YG) and choice white grease (CWG) are marginal value commodities. YG can be many products such as used cooking oil, lower quality fat from slaughter houses and rendering plants. CWG is mainly rendered porcine fat. Both YG and CWG are used to produce livestock and poultry feed as a fat source. They are also used in biodiesel production as feedstocks.
In Iowa, the harvesting season for both corn and soybean is underway. “U.S. farmers are expecting higher production of soybeans, while expecting a slightly decreasing corn production”, saying by the Newsletter from USDA published on Aug 10th, 2018.
USDA's November 8, 2018, edition of the World Agricultural Supply and Demand Estimates Report (WASDE) contains the latest forecast for the 2018/19 soybean marketing year
Over the past 4 years, our team at Decision Innovation Solutions has had the opportunity to work with all levels of the livestock, poultry and aquaculture production industry.
Iowa fertilizer prices are down significantly from 2012, however fertilizer prices have been on the rise since late 2017. In 2012, urea prices were near $800/ton, but have since declined to $366/ton as of November 2018. Liquid nitrogen 32% has averaged about $344/ton from 2012-2018, but is currently $258/ton.
The Alabama Hurricane Michael was a Category 4 storm that made landfall on October 10, 2018. Due to 155 miles per hour winds, Hurricane Michael was the strongest hurricane to hit the continental United States since 2004. Eight counties in southeastern Alabama were specifically impacted; Barbour, Coffee, Covington, Dale, Geneva, Henry, Houston, and Russell.
The last Crop Progress report released by USDA on November 26, 2018, indicated the top 18 corn and soybeans producing states were 90 percent and 91 percent harvested, respectively. The World Agricultural Supply and Demand Estimates (WASDE) report released by USDA on December 10, 2018, projected 2018/19 corn production at 14.626 billion bushels, which if realized, would be the second largest after 2016 (15.148 billion bushels). In addition, USDA projected soybean production this marketing year ma
