On June 9, USDA’s Risk Management Agency announced changes to the Livestock Risk Protection insurance program for swine, fed cattle and feeder cattle. The improvements, which include moving premium due dates and increasing premium subsidies, will be implemented by July 1 for the 2021 crop year. In addition to the changes, RMA is authorizing additional […]

The May World Agricultural Supply and Demand Estimates is the highlight of spring reports and it gives the first look at the 2020/2021 marketing year since projections were announced in February at the USDA Agricultural Outlook Forum. Farmer planting decisions are incorporated from the March Prospective Planting report and planting progress reports are updated weekly […]

As global milk supplies tightened toward the end of 2019, milk prices reached their highest level since 2014, coming in at more than $20 per hundredweight. USDA’s December World Agricultural Supply and Demand Estimates projected that all-milk prices in 2020 would average $19.40 per hundredweight, making 2020 the year that milk prices finally turned the […]

Prices Drop on Pandemic Fears USDA’s latest Cattle on Feed report, released March 20, shows the number of animals on feed to be essentially unchanged from 2019. This report showed a total inventory of 11.806 million head for the United States on March 1. This lack of change year-over-year is right in line with analysts’ […]

USDA’s recent Agricultural Outlook Forum presented the first look at balance sheet projections for the 2020/2021 crop year. These supply and demand forecasts will be updated in the May World Agricultural Supply and Demand Estimates report and will also include acreage information from USDA’s March Prospective Plantings report, which will include surveyed farmers’ 2020 planting […]