January Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (January 22, 2016). The report revealed that 10.573 million head of cattle were in U.S. feedlots with a capacity of 1,000 … Continue reading

2016 Crop Insurance Price Discovery

It is the time of year that RMA watches the futures market to determine an expected price (used in yield and revenue products) and the options market to estimate the price volatility used to rate revenue insurance products.  The following … Continue reading

Cattle Market Notes: Week Ending January 22, 2016

Cash Cattle: Cash traded fed cattle finished the week lower. The five-area fed steer price ended the week averaging $126.62 for live sales, and $202.00 for dressed; respectively, down $6.90 and $7.57. Total volume sold was up 1,000 head from … Continue reading

Six questions for your crop insurance agent — Seven if you grow rice.

by Keith Coble and Brian Williams  What about enterprise units? To qualify for enterprise units you must have at least two sections, section equivalents, FSA farm numbers, or units established by written unit agreement.  The requirements for enterprise units must … Continue reading

Cattle Market Notes: Week Ending January 15, 2016

Cash Cattle: Cash traded fed cattle was mixed this week. The five-area fed steer price ended the week averaging $133.52 for live sales, and $209.57 for dressed; respectively, up $1.68 and down $0.45. Total volume sold was up 18,000 head … Continue reading

Wheat Acreage Estimates Released as well as Several Small Changes Made in Latest USDA Supply and Demand Report

The corn balance sheet for the 2015/16 crop saw several changes from the December release. Ending stocks for the 2015/16 crop were revised up by 17 million bushels as a result of lower disappearance. Yields were lowered by 0.9 bu/acre … Continue reading