AgResource Weekly Newsletter, May 9
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AgResource Farm Marketing Advice
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice The National Federation of Independent Business’ monthly Small Business Optimism Index fell to new lows and was again below trade estimates. The index, at 89, was down 1 from both March and the average trade estimate. This was also the lowest index reading since February…
Central US Weather Pattern Discussion
Big Rains Coming for the Northern and Southern US Plains this Weekend: The primary forecast models have been consistent in forecasting big rain for the Northern and Central Plains this weekend and early next week. The rain is welcome across the drought areas of the Southern Plains, while North Dakota desires a drier slot of…
South American Weather Pattern Discussion
Brazilian Corn Production Faltering: Top and Subsoil moisture in fast retreat across Central Brazil. The biggest threat is to the 2023 Brazilian corn crop is accelerating dryness in Mato Grosso do Sul and Parana. Tropical rains shut off 3 weeks ahead of normal which along with above normal temperatures has produced a fall in soil…
Livestock Outlook
April 1 Feeder Cattle Supplies: The latest updates from the USDA on feeder cattle inventory estimates put the total US cattle on feed inventory as of April 1st at 14.072 Mil head, a 748,000 head or 5% decline from last year. It’s the lowest since 2020 when inventories were sharply reduced due to severe economic…
