News

Penn State launches online agribusiness degree

Adults working in these sectors who have some college but not a four-year degree, and who need a degree for career advancement, now have a convenient option. FULL STORY »

Corn consumption continues to exceed projections

The USDA's WASDE report released on April 9 projected corn stocks at the end of the current marketing year at 1.331 billion bushels. The projection of year ending stocks has declined for five consecutive months and is now 556 million bushels smaller than the November 2013 projection. FULL STORY »

Ukraine-Russia situation apparently boosted wheat futures again

Dry forecasts reportedly weighed on corn futures Tuesday morning. Although the latest forecasts point to cool mid-April temperatures, they also imply a stretch of dryness. FULL STORY »

Monday Market Sentiment: Cash cattle prices decline

Cash cattle prices declined slightly from the previous week, moving the 5-area cash cattle price down $0.38 to $149.38. FULL STORY »

U.S. liquid fuel production slows down

Weather conditions in the Lower 48 states during December 2013 and January 2014 caused operational issues in key producing regions. While a temporary slowdown in well completion activity resulted in flat crude oil production during those months, much of the production slowdown is expected to be made up by accelerated completion activity over the next few months. FULL STORY »

EIA expects global oil consumption to grow in 2014

EIA estimates that global consumption grew by 1.2 million bbl/d in 2013, averaging 90.4 million bbl/d for the year. EIA expects global consumption to grow 1.2 million bbl/d in 2014 and 1.4 million bbl/d in 2015. FULL STORY »

Global oil prices remain uncertain

Brent crude oil spot prices in March averaged $107/bbl. This was the ninth consecutive month Brent crude oil spot prices averaged between $107/bbl and $112/bbl. The Brent crude oil price is projected to average $105/bbl and $101/bbl in 2014 and 2015, respectively. FULL STORY »

Energy Outlook: Gasoline prices down, Oil flat

During the April-through-September summer driving season this year, regular gasoline retail prices are forecast to average $3.57/gallon (gal). The projected monthly national average regular retail gasoline price falls from $3.66/gal in May to $3.46/gal in September. FULL STORY »

Understanding beef-cattle lameness takes knowing where to look

Beef cattle are naturally adept at hiding signs of weakness, and as a result, lameness prevalence in beef cattle is often underestimated. FULL STORY »

Feeder, packer margins fall

Despite falling more than $12 per head last week, cattle feeders are still earning more than $210 per head according to the latest data from the Sterling Beef Profit Tracker. FULL STORY »

N.D. expands herd despite beef dip nationwide

In the past year beef numbers have dropped from 29.3 million to 29 million, although beef prices rose and corn prices fell. This should have allowed producers to grow their herd sizes but did the opposite. FULL STORY »

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