YOUR TRUSTED AGRICULTURE SOURCE IN THE CAROLINAS SINCE 1974

Brooks Schaffer Market Report for Tuesday February 13

Brooks Schaffer Market Report for Tuesday February 13

Feb 13, 2024 | 2:38am
This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets closed higher on Monday despite strength in the dollar and weakness in crude oil. There were also big general rains across much of Argentina and Brazil furthering crop development which should have been bearish […]
U.S. Pork Exports Set Annual Record

U.S. Pork Exports Set Annual Record

Feb 12, 2024 | 2:38pm
Led by a record-shattering performance in Mexico and broad-based growth elsewhere, U.S. pork exports set a value record in 2023. Data shows December pork exports rose 10 percent from the prior year to 268,400 metric tons, the largest since May 2021 and the eighth-largest on record. Export value increased 11 percent to $766 million, also […]
Farm Equipment Maker Partners with SpaceX for Connectivity

Farm Equipment Maker Partners with SpaceX for Connectivity

Feb 12, 2024 | 4:30am
As farming moves into the future, connectivity becomes a more pressing issue. To use the latest precision technology, John Deere is partnering with SpaceX to add Starlink terminals on farm equipment. Mike Kool, Senior Product Manager for Connected Fleets at John Deere, says the deal is ready to roll out later this year and can […]
Farm Income Forecasted to Drop 25 Percent in 2024

Farm Income Forecasted to Drop 25 Percent in 2024

Feb 12, 2024 | 3:43am
The USDA released its February 2024 Farm Income and Financial Forecasts. It’s the agency’s first income prediction for the new year. Carrie Litkowski, an economist with the Economic Research Service, says farm income is forecast to fall roughly 25 percent this year. “Starting with profits for the farm sector as a whole which are forecast […]
Group Wants FTC Action on Right to Repair

Group Wants FTC Action on Right to Repair

Feb 12, 2024 | 2:49am
Farm Action submitted public comments regarding the Right to Repair issue in U.S. agriculture. The group wants the Federal Trade Commission to initiate a rulemaking process on the subject. Joe Maxwell, co-founder and chief strategy officer with Farm Action, says the right to repair is an important issue for the group. “We’re a farmer-led organization. […]
Commercial Turkey Flock Tests Positive for HPAI

Commercial Turkey Flock Tests Positive for HPAI

Feb 9, 2024 | 4:12pm
RALEIGH – A commercial turkey operation in Lenoir County has tested positive for High Path Avian Influenza. The positive sample was first identified by the N.C. Department of Agriculture and Consumer Services Veterinary Diagnostic Lab in Raleigh and confirmed by the USDA APHIS National Veterinary Services Lab in Ames, Iowa. This is the first case […]
FOOD–What Super Bowl Parties are Really About!

FOOD–What Super Bowl Parties are Really About!

Feb 9, 2024 | 4:10pm
The Super Bowl is this Sunday and will be watched by approximately 113 million people. Food is a big part of Super Bowl parties, and Frito-Lay’s Super Bowl Snack Index has some interesting food trends. Seventy percent of experienced hosts begin gearing up by planning meals, and 51 percent start preparations at least a week […]
Brooks Schaffer Market Report for Friday February 9

Brooks Schaffer Market Report for Friday February 9

Feb 9, 2024 | 4:35am
This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The USDA February report is typically a non-event as there are not typically any big changes made. USDA does not make changes to the US crop size and typically only minor changes to the demand side. South American […]
Condition Reports Show Crops Catching Up after Slow Start

Condition Reports Show Crops Catching Up after Slow Start

Feb 9, 2024 | 4:20am
New Crop Progress Reports are out and climatologist Corey Davis has taken an extensive look at those particularly for the Carolinas and how weather has impacted that quarry. What are you seeing right now? Well, Mike, we’ve talked a lot over the last month about how wet the start of winter was. And that includes […]