U.S. Secretary of Agriculture Brooke Rollins will be holding a roundtable today with ranchers at Chapparosa Ranch during her trip to south Texas.
profarmer.com/news/first-thi…
In this morning's First Thing Today:
--Mexico halts imports of live U.S. animals
--El Nino weather phenomenon getting more press
--Global shipping rates on the decline
profarmer.com/news/first-thi…
CPI breakdown shows beef and veal prices down 1.6% in May, up 12.9% year over year
--ground beef down 1.3%; up 12.1% YOY
--roasts down 3.6%; up 15.3% YOY
--steaks down 1.9%; up 14.8% YOY
Ole Hansen, head of commodity strategy at Saxo Bank, noted that since hitting a four-year high last month, the combined net long across 13 major agricultural futures contracts has almost halved, driven primarily by a two-thirds reduction in bullish positions across corn, soybeans, and wheat, led by corn.
profarmer.com/news/how-much-…
In this morning's First Thing Today:
--Hot, sticky and stormy in Plains, central, southeastern U.S.
--U.S. fertilizer prices drop
--Malaysian palm oil futures sell off
profarmer.com/news/first-thi…
USDA on Monday confirmed two additional cases of New World screwworm (NWS) in the United States – a calf in La Salle County, Texas, and a dog in Andrews County, Texas -- bringing total number of U.S. cases to 4.
In this morning's First Thing Today:
--New World screwworm detected in Texas
--Russian wheat sowing slowed by persistent rains
--Challenger reports U.S. job cuts, due mostly to artificial intelligence
profarmer.com/news/first-thi…
From @DroversCTN: USDA has confirmed the sample from a cattle ranch near La Pryor, Texas, is screwworm. A threat the U.S. hasn’t faced for more than 60 years, NWS is not a disease or food safety concern for consumers. drovers.com/news/new-world-s…
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit. profarmer.com/news/usda-rule…
U.S. farmers and ag economists remain concerned by mounting global competition and the reliability of recent trade agreements. However, some economists say emerging market shifts could create opportunities later this year. profarmer.com/news/hardest-c…
The central foundation for those against the merger of Union Pacific and Norfolk Southern is if the new entity would in fact enhance competition. profarmer.com/news/rail-merg…