Gold-Eagle Cooperative News

Evaluating Freeze and Chilling Injury in Corn and Soybeans
Tuesday, May 26, 2020

The weather has definitely taken a turn to the cold side over the weekend and into this week. Across Nebraska lows at or below 32°F were recorded over the weekend. Clear conditions coupled with temperatures in the 30s can be favorable for frost formation; especially in low lying areas within fields, but can be highly […]

Cost to Produce Corn and Soybeans in Illinois—2019
Tuesday, May 26, 2020

In 2019, the total of all economic costs per acre for growing corn in Illinois averaged $878 in the northern section, $912 in the central section for farmland with “high” soil ratings, $887 in the central section for farmland with “low” soil ratings, and $851 in the southern section.  Soybean costs per acre were $630, […]

U.S. Barley Can Now Be Exported to China
Tuesday, May 26, 2020

U.S. barley can now be exported to China following the approval of a phytosanitary protocol by both countries, a market development achievement years in the making finally accomplished with the boost of the U.S.-China Phase 1 deal signed in January. The notice on China’s customs website was posted on Thursday and confirmed to be approved […]

Replanting Dicamba Soybean
Tuesday, May 26, 2020

Replanting soybean fields or areas of fields likely will occur after soybean stand loss to recent cold temperatures or saturated soil conditions.  The following are general reminders about dicamba application timings and restrictions for Illinois soybean. Air temperature restriction: do not apply approved dicamba-containing products if the air temperature in the field at the time […]

USDA Announces Details of Direct Assistance to Farmers through the Coronavirus Food Assistance Program
Tuesday, May 26, 2020

U.S. Secretary of Agriculture Sonny Perdue today announced details of the Coronavirus Food Assistance Program (CFAP), which will provide up to $16 billion in direct payments to deliver relief to America’s farmers and ranchers impacted by the coronavirus pandemic. In addition to this direct support to farmers and ranchers, USDA’s Farmers to Families Food Box program is […]

A Closer Look at U.S. Pork Exports from USDA’s Economic Research Service
Tuesday, May 26, 2020

Yesterday, USDA’s Economic Research Service (ERS) released its monthly Livestock, Dairy, and Poultry Outlook, which included updated information regarding U.S. pork exports.  Illinois is a leading pork producing State. In part, the ERS update stated that, “Since early April, COVID-19 infections have reduced laborforces in several U.S. pork processing facilities, causing plant throughput to slow and some plants […]

Soybean Demand Remains Uncertain
Tuesday, May 26, 2020

The USDA released the first projections for U.S. corn and soybean supply and demand in the 2020-21 marketing year on May 12.  The forecasts for soybeans showed higher ending stocks this marketing year with a substantial decrease in the next marketing year’s ending stocks.  While the prospects for this year’s crop come to the forefront, […]

The Impact of Late Planting on U.S. Average Soybean Yield
Tuesday, May 26, 2020

Based on recent weekly Crop Progress reports from the USDA, planting progress for the 2020 U.S. soybean crop has been proceeding at a faster than normal pace.  Figure 1 shows that 53 percent of soybean acreage in 18 major producing states was planted as of May 18, 2020 (week #20), six percentage point higher that the 5-year […]

COVID-19 Has Caused an “Agricultural Tsunami” – While USDA and DOJ Investigate Livestock Market Issues
Monday, May 18, 2020

Donnelle Eller reported on the front page of Sunday’s Des Moines Register that, “The coronavirus has caused an agricultural tsunami that’s ripped through Iowa and the nation. Markets have been disrupted as schools, restaurants and hotels have shuttered, and meatpacking plants are slowing or closing as about 10,500 workers — including 1,650 in Iowa — have tested positive for COVID-19. “Prices […]

Impact of COVID-19 on Cattle Finishing Net Returns
Monday, May 18, 2020

COVID-19 has resulted in a dramatic decline in fed cattle prices putting a damper on net return prospects for 2020.  In a farmdoc article published in early January (January 10, 2020), we were expecting net returns to average approximately $40 per head in the first quarter and approximately $10 per head in the second quarter of 2020.  […]

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