Title V Fact Sheet Added to Farm Bill Section of the Website
Thu, 03 Jul 2008 14:29:00 GMT
We have added a 2-page Fact Sheet that describes the key features of the Title V: Credit of the 2008 Farm Bill
Spreadsheet File Added that Further Explains the Implications of the Tentative Final Decision
Thu, 03 Jul 2008 14:23:00 GMT
We have added a new spreadsheet file to our software offerings that shows the direct linkage between wholesale commodity prices and the FMMO Class III and IV prices if the Tentative Final Decision announced in June is implemented. This is in contrast to the relationship between wholesale prices and component values which is available via the FMMO pricing formulas.
Futures Data for Various Gran Commodities are Available
Thu, 03 Jul 2008 14:21:00 GMT
We have added current and historical grain futures daily settlement prices
to our databases and are available for analysis.
USDA Report Assesses 2008 Corn and Soybean Acreage
Mon, 30 Jun 2008 20:05:00 GMT
Despite the recent flooding in the Midwest, U.S. farmers expect to harvest nearly 79 million acres of corn and more than 72 million acres of soybeans in 2008, according to the Acreage report released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). The report shows U.S. farmers planted 87.3 million acres of corn in 2008, down 7 percent from last year’s 93.6 million acres, but still the second largest area since 1946. Of that area, growers expect to harvest 78.9 million acres for grain, down 9 percent from 2007 but still the second largest area since 1944. For soybeans, 2008 planted area is estimated at 74.5 million acres, the third largest on record and up 17 percent from last year. Of the planted area, farmers expect to harvest 72.1 million acres, up 15 percent from last year.
2007 Annual Dairy Market Statistics Publication by the AMS is Now Available
Mon, 30 Jun 2008 12:57:00 GMT
The 2007 compilation of dairy market statistics collected by the Dairy Division of the Agricultural Marketing Service has been added to the website.
Average May Feed Costs for 23-Major Dairy States Available
Mon, 30 Jun 2008 11:50:00 GMT
The ERS estimates of feed costs for each of the 23-major states has been added to the website database. The Wisconsin average feed cost is estimated to be $9.16 compared to $9.25. This compares to California’s value of $10.91.
June Milk Feed Price Ratio Continues its Decline
Fri, 27 Jun 2008 19:12:00 GMT
The preliminary June ‘08 Milk-Feed Price Ratio was estimated to be 1.78. This is a record low and a drop from the May level of 1.83. The June 2007 value was 2.88.
New Spreadsheet Fle Added that Models USDA's Tentative Final Decision on Make Allowances
Wed, 25 Jun 2008 17:12:00 GMT
A new spreadsheet file has been added to the website collection that simulates FMMO classified prices under the changes contained in USDA’s Tentative Final Decision released last week.
USDA To Assess Impact of Midwest Flooding on 2008 Crop Acreage
Fri, 20 Jun 2008 17:18:00 GMT
USDA’s National Agricultural Statistics Service (NASS) is taking several steps to assess the impact on the 2008 crop acreage from the impact of the extraordinary rainfall and flooding in the Midwest. NASS will release the 2008 Acreage report as scheduled on June 30 at 8:30 a.m. EDT. However, NASS collected most of the acreage data during the first two weeks of June, before the majority of the flooding occurred.
In the Acreage report, NASS will use standard procedures to estimate planted area. But in an effort to more accurately determine how much of the planted area will actually be harvested for grain, NASS will re-interview producers during the week of June 23 in affected areas of Illinois, Indiana, Iowa, Minnesota, Missouri and Wisconsin. This will provide additional information about producers’ harvesting intentions for corn, soybeans and sorghum.
However, because some producers might be difficult to contact or still could be assessing their options, NASS will conduct a more extensive update of planted and harvested acreage in July in the impacted areas. This information along with data normally collected from across the country during this time will be reflected in the August 12 Crop Production report.
For more information about USDA’s response and efforts in the Midwest, go to www.usda.gov/safety .
Advance Class I Price for July is $20.78
Fri, 20 Jun 2008 13:29:00 GMT
The July Advance Class I mover is $20.78. This represents a $2.20 increase over the June value and a $0.13 decline from the July ‘07 value.
