USDA Weekly Crop Progress
Tuesday, May 21, 2019 3:15PM CDT
Farmers took advantage of the short period of drier weather last week, but, nationwide, corn planting progress stood at only 49% complete as of Sunday, May 19, according to Monday's USDA NASS Crop Progress report.
Cash Market Moves
Tuesday, May 21, 2019 3:12PM CDT
For most of 2019, inclement weather has disrupted barge traffic along the Mississippi, Ohio and Arkansas rivers. This has caused year-to-date grain barge tonnages through the locking portions of the rivers to fall below the three-year average and last year, according to USDA.
Trade Aid Questions Loom
Tuesday, May 21, 2019 3:09PM CDT
USDA officials are working on a trade program as planting season continues across most of the country. The wet spring has led to expectations of higher prevented planting acres than normal. Those farmers could lose out on trade-aid payments if USDA structures the aid program based on actual production as the department did in 2018.
Cattle Trader Alleges Packer Conspiracy
Monday, May 20, 2019 3:53PM CDT
A Florida-based cattle trader has filed a class action lawsuit similar to action taken by Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America, or R-CALF USA, accusing the nation's largest meatpackers of conspiracy to drive down cattle prices.