Gold-Eagle Cooperative News

Morning Commentary
Wednesday, December 4, 2019

March corn up 1 at $3.8225 Jan beans up 5 ½ at $8.765 The DOW is up USD is weaker Crude oil up $.99 at $57.09 Good morning, Corn bulls continue to point towards nine million U.S. corn acres that are still thought to be unharvested. Most eyes remain on the acres in North Dakota, Michigan, […]

African Swine Fever Continuing to Impact U.S. Pork Exports and World Protein Markets
Monday, December 2, 2019

Earlier this month, in its monthly Livestock, Dairy and Poultry Outlook, USDA’s Economic Research Service (ERS) explained that, “U.S. trade data through September indicate that in the first three quarters of 2019 total exports of red meat and poultry increased 1.1 percent. However, driven by a large increase in expected fourth-quarter shipments, exports for the year are forecast to increase more than […]

USDA’s Recommendations for a Safe Thanksgiving
Monday, December 2, 2019

Thanksgiving is a time to reflect on the things we are most thankful for and to enjoy a delicious meal with loved ones. Some take the lead for meal preparation while others share the responsibility. No matter how your meal comes together, everyone must work together to prevent foodborne illness. “With large meals come food […]

Weekly Outlook-Acreage in 2020
Monday, December 2, 2019

The 2019 crop year will live long in the memory.  A record amount of prevent plant acres, delayed harvest, and considerable dismay over USDA reports compounded the uncertainty associated with the trade war.   Speculation about the acreage levels in 2020 is already underway.  Current market conditions support acreage increases in corn and soybeans in 2020.  […]

USDA Agricultural Trade Outlook- FY20 Export Forecast Increased
Monday, December 2, 2019

On Monday, the USDA released its Outlook for U.S. Agricultural Trade, a quarterly report from the Department’s Foreign Agricultural Service (FAS) and Economic Research Service (ERS).  Today’s update includes highlights from the report, which was coordinated by Kamron Daugherty and Hui Jiang. The Outlook stated that, “U.S. agricultural exports in Fiscal Year (FY) 2020 are projected at $139.0 billion, up $2.0 billion from the […]

Market Facilitation Program Payments and 2020 Cash Rents
Monday, December 2, 2019

Market Facilitation Program (MFP) payments have served as a significant source of revenue on grain farms in 2018 and 2019. Without MFP payments, average farmer returns would be negative in 2019, and far below any level since consistent records began in 2000. Without MFP payments, 2020 returns are projected to be negative. It is unknown […]

Producers Have Several Methods for Weaning Calves
Monday, December 2, 2019

Now is a good time to wean calves, and producers should select the weaning method that best fits their operation, according to North Dakota State University Extension livestock specialists. For the beef industry, weaning can be defined as “the process of causing a calf to stop feeding on its mother’s milk, to rely completely on […]

Lousy Harvest Conditions Call for Extra Safety Actions
Monday, December 2, 2019

The most recent crop reports suggest Wisconsin’s fall harvest and tillage schedule is two to three weeks behind the normal pace because of this fall’s weather. “We’re at a time when farmers are playing ‘catch up’ and may be tempted to overcompensate for lost time,” said John Shutske, University of Wisconsin-Madison Division of Extension agricultural […]

Wet Grain, Test Weight, and Late Corn Harvest
Monday, December 2, 2019

According to NASS, 20 percent—some 2 million acres—of the 2019 Illinois corn crop was still in the field on November 17. Following unprecedented delays in planting, the warm weather in September helped move the crop towards maturity, and frost did not come earlier than normal. So most of the corn in Illinois was at or […]

Federal Reserve Ag Credit Surveys-2019 Third Quarter Farm Economy Conditions
Monday, November 25, 2019

Last week, the Federal Reserve Banks of Chicago, St. Louis, Kansas City and Minneapolis released updates regarding farm income, farmland values and agricultural credit conditions from the third quarter of 2019.  And earlier this year, the Federal Reserve Bank of Dallas released its Agricultural Survey for the third quarter of 2019.  Today’s update highlights core findings from the Fed reports. Federal Reserve […]

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