Author: Membership

SOYBEANS HIGHER IN OVERNIGHT TRADING; BEEF PRODUCTION OUTLOOK RISES –

Soybean futures were higher in overnight trading on concerns about South American weather while grains declined. Beef production in the U.S. in 2021 is forecast at 27.95 billion pounds amid … Read More

U.S. GIVES GREEN LIGHT TO TEEN BIG RIG DRIVERS IN TEST APPRENTICESHIP PROGRAM –

Currently, truckers who cross state lines must be at least 21 years old, but an apprenticeship program required by Congress to help ease supply chain backlogs would let 18-to-20-year-old truckers … Read More

CHINA HASN’T KEPT AGRICULTURAL TRADE COMMITMENTS, VILSACK SAYS –

U.S. Agriculture Secretary Tom Vilsack said China hasn’t lived up to its promises under the Phase One trade agreement Beijing made with President Donald Trump. (Bloomberg)  

ANALYSIS-HIGH U.S. MEAT PRICES: PACKER PROFITEERING OR CAPACITY CRUNCH? –

The Biden administration is targeting a small group of meat packers for high beef, pork and poultry prices that it says are squeezing consumers and fueling inflation, arguing that they … Read More

FOOD BANKS FEELING RIPPLE EFFECTS OF INFLATION –

Consumer prices jumped more than seven percent from December 2020 to December 2021. For some people, that increase was merely an inconvenience. But for others, it wrecked their budget and … Read More

GRUNDY COUNTY NATIVE IS NEW EXECUTIVE DIRECTOR OF USDA ILLINOIS FARM SERVICE AGENCY –

The United States Department of Agriculture’s Illinois Farm Service Agency now has a new State Executive Director. Grundy County farmer Scott Halpin started the job on January 3rd. (WCMY)

HOW CHINA’S ZERO-COVID POLICIES ARE DISRUPTING CROSS-BORDER TRADE –

China’s zero-Covid policies are putting Chinese cities into lockdown and grounding air travel anew. They are also disrupting trade routes across its land borders that are lifelines for the region’s … Read More

SWINE FEVER-HIT PHILIPPINES SEES ‘SUBSTANTIAL’ GROWTH IN HOG POPULATION –

The Philippines’ swine inventory increased by about 700,000 heads over the last 12 months owing to a repopulation programme, following two years of declines due to African swine fever outbreaks, … Read More

OIL PRICES WILL SURGE TO $100 THIS YEAR, GOLDMAN SACHS WARNS –

Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the … Read More

FARMWEEK FEATURE: WILL ILLINOIS FOOD PRICES CONTINUE THEIR RISE IN 2022? –

Shoppers and diners might see some relief from food price inflation in 2022 after absorbing steep price increases the past year. But prices for many items likely won’t go down … Read More

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