YOUR TRUSTED AGRICULTURE SOURCE IN THE CAROLINAS SINCE 1974

Analysis: Corn Futures Fall More Than 30% in 2023

Analysis: Corn Futures Fall More Than 30% in 2023

Jan 4, 2024 | 11:58am
Grain futures ended 2023 significantly in the red, with corn futures suffering their biggest yearly drop in a decade, according to a new analysis by the University of Illinois’ Farm Policy website. Wheat and soybeans also posted steep declines in 2024 following bumper harvests in Brazil and resilient Black Sea trade. The most active corn […]
Ag Markets 2024: Watch the Funds Closely

Ag Markets 2024: Watch the Funds Closely

Jan 4, 2024 | 3:47am
John Heinberg is Market Advisor with Total Farm Marketing. He tells SFN there are a few key things to watch for in the new year. The first is money flow. He says funds continued to sell the ag sector at a rate that’s raising eyebrows. You know, a big part of the agricultural prices and […]
Uncertainty Ahead as Prop 12 Takes Effect

Uncertainty Ahead as Prop 12 Takes Effect

Jan 3, 2024 | 3:51pm
California’s Prop 12 goes into effect with the new year on January 1. It becomes California state law during a time of already great uncertainty in the pork market. American Farm Bureau Federation Economist Bernt Nelson talks about the current pork market conditions. “We’ve got some bearish fundamentals going on in the pork market. We […]
USDA to Reconvene FMMO Hearings

USDA to Reconvene FMMO Hearings

Jan 3, 2024 | 10:55am
The U.S. Department of Agriculture will reconvene the national public hearing to consider proposals seeking to amend the uniform pricing formulas applicable in all 11 Federal milk marketing orders. The process will restart January 16, lasting through January 19th, and reconvene again on the 29th, if needed. Copies of the notice to reconvene, guidelines for […]
Farmer Sentiment Stable As Inflation Expectations Subside

Farmer Sentiment Stable As Inflation Expectations Subside

Jan 3, 2024 | 10:47am
Farmer sentiment changed very little in December compared to the preceding month. The Purdue University-CME Group Ag Economy Barometer recorded a reading of 114, just one point lower than a month earlier. Both sub-indices of the barometer, the Index of Current Conditions and the Index of Future Expectations, also fell one point below their respective […]
Hog Producers Trying to Raise Prices by Putting a Lid on Production

Hog Producers Trying to Raise Prices by Putting a Lid on Production

Jan 3, 2024 | 3:36am
It appears the nation’s hog producers are trying to keep a lid on production and get hog prices up by reducing farrowings and balancing that out with more pigs per litter. That is largely what appears to be happening. USDA livestock analyst Shayle Shagam. He bases that on USDA new quarterly hogs and pigs report. […]
Coming Soon: Census of Agriculture Results

Coming Soon: Census of Agriculture Results

Jan 3, 2024 | 2:28am
The results will soon be available to the public: The findings of USDA’s 2022 Census of Agriculture. We’re looking for a good product to be available on the 13th of February. That from Joe Prusacki of the Agriculture Department’s National Agricultural Statistics Service. Now some might wonder why a census where data was collected in […]
2024 Red Meat Export Potential a Mixed Bag

2024 Red Meat Export Potential a Mixed Bag

Jan 2, 2024 | 4:59pm
Looking at 2024 U.S. red meat export potential, the forecast is mixed. Erin Borror, vice president of economic analysis with the U.S. Meat Export Federation, says the numbers look better for U.S. pork. “On the pork side, it’s been really strong growth or even a rebound in exports in 2023 – about an eight percent […]
SC Commissioner Weathers: Agritourism Conference Jan. 21-23

SC Commissioner Weathers: Agritourism Conference Jan. 21-23

Jan 2, 2024 | 3:56am
The year 2024 is off to a hot start. The South Carolina Agritourism Association is holding its annual conference Jan. 21-23, 2024. This is a great way to learn more about agritourism for your farm, or enhance your farm’s agritourism activities. The registration deadline is January 7, 2024. The conference includes a Sunday night reception, two-day […]