I remain guardedly bullish in my outlook for the cattle complex through
the remainder of 2024. To be truthful, I think this year may be one of the
hardest to predict as the market's bearish and bullish influences are both
extremely boisterous.
4^Call the Market
A new study by USDA's Economic Research Service found that 3.5% of all
U.S. farms received payments for energy production on their land from 2011 to
2020.
1^Traits of Farms Paid to Produce Energy
The forecast change from El Nino to La Nina increases concern about soil
moisture reserves for corn and soybean crops.
=^Ag Weather Forum
For the fourth consecutive week, average retail prices for all eight major
fertilizers were higher compared to last month, though none were up
significantly.
BDTN Retail Fertilizer Trends
USDA is issuing an order Thursday that will go into effect April 29
requiring dairy farmers sending lactating cows across state lines to have those
cows tested for H5N1 before they can move. FDA also announced it will conduct
nationwide testing of dairy products while stressing that pasteurization kills
the H5N1 virus.
BUSDA Issues Dairy Cow Testing Mandate
