As part of its Northeast Beef Promotion Initiative (NEBPI), the beef checkoff hosted a “Meat Your Beef” channel influencer immersion event at a modern-day beef processing plant and nearby beef feedlot in Eastern Pennsylvania on March 26 for the chef instructors and culinary students at Philadelphia Art Institute in Philadelphia, Pa.
By Matthew A. Diersen, South Dakota State University
Back when there was a little more snow on the ground, I came across a notice that the Mandatory Price Reporting Act of 2010 has a sunset clause in it dated September 30, 2015. That inspired me to reexamine the content of the various reports for cattle, lest anything be taken for granted.
Corn futures reacted badly to the USDA reports. The USDA released its Grain Stocks and Prospective Plantings reports at 11:00 AM CDT this morning, which sent corn prices sharply lower. The stocks result easily topped forecasts, thereby depressing old crop prices, while the 2015 acreage figure also far exceeded expectations and depressed new crop values. May corn futures plunged 18.25 cents to $3.7625/bushel in late Tuesday trading, while December dropped 17.5 to $4.0025.
By Elizabeth Tatum, Agricultural Marketing Service
Cover crops are the real heroes in the world of agriculture. Their job starts after a field is harvested and ends just before the next season’s crop is planted. Expectations for cover crops are high because if they don’t produce, the next crop may suffer.
Corn stocks in all positions on March 1, 2015 totaled 7.74 billion bushels, up 11 percent from March 1, 2014. Of the total stocks, 4.38 billion bushels were stored on farms, up 13 percent from a year earlier. Off-farm stocks, at 3.36 billion bushels, are up 7 percent from a year ago.
On Tuesday, USDA’s National Agricultural Statistics Service (NASS) released the much-anticipated Prospective Plantings report. This report showed corn planted area to fall by 2 percent from 2014 to the lowest planted acreage in the country since 2010.