The election makes a lame-duck Farm Bill more difficult, while corn moves above a key 40-day supply threshold and Mexican feeder cattle imports begin rebuilding.
Listen to today’s Ag News Update:
Today’s Ag News Highlights
– Election results make completing a Farm Bill before January increasingly difficult.
– U.S. corn supplies moved above Mark Welch’s critical 40-day-use threshold for $5 corn.
– Year-to-date U.S. ethanol exports remain 14 percent ahead of last year.
– Mexican feeder cattle imports are beginning to recover as additional border crossings reopen.
– Higher energy costs are increasing fertilizer and freight expenses across agriculture.
– South African corn production could fall 19 percent as diesel costs and El Niño alter planting decisions.
