Brooks Schaffer Market Report for Tuesday, June 23rd
This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at brooks@palmettograin.com or 843-540-4540. Markets traded lower on Monday as the path of least resistance favors the bears still. There are big sections of the Midwest that continue to get rain, and some would greatly benefit from a break...
Trade Vs. Aid Questions Continue at Senate Ag Hearing
It's an issue that keeps coming up, including at a recent Senate Ag Committee hearing-the disconnect between tariffs to open markets and continued ad hoc farm assistance. The question was 'trade vs. aid.' First, there was almost $30 billion, then another $12 billion, and $28 billion in the first Trump term. Michigan De...
Impact of Cattle Movement Restrictions Still TBD
Some states and other countries have put restrictions in place on taking cattle imports from Texas after the New World Screwworm crossed the U.S.-Mexico border. Dr. Charles Martinez, an agricultural and resource economist with the University of Tennessee, talked about the potential impact on Texas, the biggest beef pro...
Ag Trade Possibilities in Two South American Countries
Opportunities for ag trade in two South American nations. "We had a great trade mission, one of our rapid-response trunk missions, to first Argentina and then to Ecuador, both of which signed agreements on reciprocal trade with us, eliminating significant trade barriers, reducing tariffs as well for U.S. producers...
Brooks Schaffer Market Report for Friday, June 19th
This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at brooks@palmettograin.com or 843-540-4540. Grain markets finally put together a couple of up days this week. The spark started with rumors of Chinese purchases. Then we finally got confirmation from USDA of some new-crop soybean sales to ...
Drought Expands Across Carolinas Despite Some Mountain Relief
Before you turn the dial, no, this is not a repeat episode. This is a brand-new interview, but it's the same topics. We're seeing dry weather, we're seeing a lack of rain, and the drought map's starting to expand again around the Carolinas. But do we have any good news in store? Well, that's what we've got State Assist...
A Goal this World Cup Season - Stop African Swine Fever
The 2026 FIFA World Cup, soccer's premiere prize, being played in venues across the U.S. and other North American host countries through July 19. "Excited to welcome just the millions of travelers and visitors from the teams to the attendees who are coming to these games into the U.S." The welcome from Kathle...
Will Some Farmers Hesitate to Report NWS on Their Farms?
The work is underway to, once again, rid the United States of the New World Screwworm. While the response plan is in place, there's a lot of work to do. Bernt Nelson, an economist with the American Farm Bureau, said the biggest need is the mass production of more sterile flies. "When we look at what it takes to co...
Growing Winter Wheat Concerns and Notable Numbers
The follow-up to USDA's initial winter wheat production forecast for this season, released as part of the Agriculture Department's June Crop Production report, continues to reflect the deterioration of the crop due to extreme dryness in much of the nation's hard red winter growing belt. First, the total U.S. crop produ...
Celebrating Father's Day on the Farm
It can be tricky to fit in a family Father's Day celebration when life is busy on the farm. A couple of farmers from the Upper Midwest talk about how their families celebrate Dad during a hectic schedule. Kate Minten, a dairy farmer from Minnesota, talked about her family's typical Father's Day. "So, my dad is not...