Spotlight PA is an independent, nonpartisan newsroom powered by The Philadelphia Inquirer in partnership with the Pittsburgh Post-Gazette and PennLive/Patriot-News. Sign up for our free weekly newsletter.
Search / 464 results found Showing: 1-10 of 464
As the COVID-19 pandemic continues to tear through the U.S. economy, the U.S. House of Representatives has released the text of the Health and Economic Recovery Omnibus Emergency Solutions Act – the HEROES Act. Similar to previous stimulus packages, the HEROES Act includes support for various sectors of the economy from additional relief for workers to health care and retirement. It also includes a specific subsection for agricultural producers and additional matters relating to agriculture.
The coronavirus pandemic has attacked the U.S. dairy economy in waves. It arrived via collapsing futures-based price outlooks in March, then prompted an April meltdown in the cash markets. It’s now being felt most acutely in the milk checks producers will receive through July. But as of mid-May cash and futures markets were strongly rebounding, particularly futures for the year’s second half. That provides a significantly improved outlook for the nation’s severely stressed dairy farmers.
Earlier this month the U.S. Department of Agriculture issued its first balance-sheet estimates for the 2020-2021 marketing year. Production for corn came in at almost 16 billion bushels due to the large acreage of 97 million and an early yield estimate of 178.5. A lot can – and likely will – change between May and the fall, but it’s worth stepping back to consider the range of possibilities. This week’s post is a look back at historical yields to see what 2020 corn yields might have in store.
Live cattle markets continue to be pulled in different directions, seeing a variety of factors at work this spring. Andrew Griffith, ag economist with the University of Tennessee, is watching live cattle futures as well as trends in slaughter rates.