A long-term study shows that soil compaction may no longer need to be a worry for many producers grazing cattle on corn stubble.
USDA on Friday released its prospective plantings report for major crops as well as quarterly grain stock numbers. Farmers are projected to plant 46.1 million acres of wheat, down 8% from last year. If realized, it would mark the lowest wheat acreage since the U.S. began keeping records in 1919.
Based on conditions as of September 1, yields are expected to average 174.4 bushels per acre which would be the highest yield and production on record in the United States.
The record supply is expected to have a dampening effect on prices, making U.S. corn more competitive in the global market and hopefully boosting exports.
Buying patterns for U.S. corn have shifted, with U.S. corn export sales to Mexico helping to offset light purchases by more traditional buyers.
Grains plummeted this week, led by a fall of nearly 6% in corn, as funds rushed for the exit after prospects for US crops improved.
The USDA May 1 on-feed report looks like this: on feed up 2%; placed in April up 11%; and marketed in April up 3%.
This year the Texas Cattle Feeders Association is celebrating it's 50th Anniversary. Last week in Amarillo, 25 of the past TCFA presidents gathered to recount where the association has been, where its at and where its headed in the future. And one of those in attendance was the legendary founder of Cactus Feeders Paul Engler.
Memorial Day falls on May 29th this year!