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URBANA, Ill. – The highly anticipated August Crop Production report presented a record yield for soybeans this year. more
URBANA, Ill. - The December futures price of corn settled in a range of $3.20 - $3.25 over the last few trading sessions. According to University of Illinois agricultural economist, Todd Hubbs, questions regarding a price bottom for corn bubbled up in market discussions. more
URBANA, — Color is one of the aspects of design that leads to the beautiful garden, but sometimes vegetable gardens lack a variety of hues. more
URBANA, Ill. – Soybean prices seem likely to vacillate between news on crop conditions and more robust demand prospects over the near term. USDA’s Crop Production report, due out Aug. 12, holds the potential to be an inflection point if the 2020 soybean crop comes in at levels anticipated by crop conditions, explains University of Illinois agricultural economist Todd Hubbs. more
URBANA – The U.S. cattle herd is known to cycle through periods of expansion and contraction roughly every 10 years. High feed prices from 2007 through 2013 contributed to one of those contraction phases with beef cow numbers reaching a low in 2014, according to Jason Franken, agricultural economist at Western Illinois University. more
The U.S. Department of Agriculture is providing additional flexibilities for producers to file on acres with failed crops or crops that were prevented from planting because of extreme weather events. more
URBANA — Another all-time record hog inventory amidst the COVID-19 pandemic extends further downward pressure on prices. The USDA’s June Hogs and Pigs report places the June 1 inventory of all hogs and pigs at 79.6 million head, up 5.2% from a year ago. That’s just above the upper range of pre-report expectations and well above the midpoint of 3.7% higher, according to Jason Franken, agricultural economist at Western Illinois University. more
family walking on sidewalk at ACES Family Academies URBANA, Ill. – Looking for a great time with the kids in your life this summer? Participate in a free and unique opportunity from the College of Agricultural, Consumer and Environmental Sciences (ACES) Alumni Association at the University of Illinois. Previously a multi-day experience on campus, ACES Family Academies – where alumni and many others share their experiences with young people – will go virtual for 2020. more
URBANA – The USDA releases the June 1 corn stocks estimate on June 30. Typically, the Acreage report published on the same day eclipses the quarterly grain stocks report. While the Acreage report remains crucial for price expectations this year, the grain stocks report looks to hold some essential information on feed and residual levels for the current marketing year, according to University of Illinois agricultural economist Todd Hubbs. more
URBANA — Headlines about dairy farms dumping milk and livestock being euthanized are a sharp contrast to empty meat cases. The novel coronavirus outbreak has disrupted the nation’s food supply chain, resulting in increased prices for panicked shoppers and major losses for Illinois farmers. more
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