In its May 10 World Agricultural Supply and Demand Estimates (WASDE)
report, USDA will update old-crop estimates as well as establish new estimates
for the 2024-25 season. Also, the monthly Crop Production report will give the
first production estimates for this year's winter wheat crops with state
breakdowns.
BUSDA Reports Preview
Choice cuts closed May 7 at $298.49, $5.59 higher than last week's low.
Select cuts closed at $292.34, $4.69 higher than last week's low. The week's
slightly higher prices may not seem like much, but to a market worried about
whether seasonal consumer demand would develop, it's the beginning of an
answered prayer.
DGCall the Market
A new Treasury Inspector General for Tax Administration audit of biofuel
tax credits claimed in 2022 finds the potential for fraud.
BIRS Sees Possible Biofuel Credit Fraud
Two farmers who have struggled with and overcome their own mental health
issues urge other farmers and ranchers to talk about mental health and reach
out to others in their community who may be struggling.
FMental Health Hope & Help - 2
Average retail prices for six of the eight major fertilizers were slightly
higher the last week of April 2024 compared to last month. Two fertilizers,
potash and anhydrous, were slightly lower in price. No fertilizer saw a
significant price move.
BDTN Retail Fertilizer Trends
