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Livestock: Impact of Higher Corn Prices on Cattle Finishing Net Returns
Cattle feed lot. Photo: K-State Research and Extension - Creative Commons Corn price futures for the July 2021 contract (December 2021 contract) increased from $4.68 per bushel ($4.31 per bushel) in early January to $6.93 ($5.83) for the week ending May 14. Moreover, using the iFarm Price Distribution Tool there was a 29.5 percent chance on May 17 that the expiration price for the December corn futures contract will fall be below $4.50 and a 28.9 percent chance that the price will be above $6.00.
Thompson on Cotton: Support in Low 80s, Questions About Planted Acres
Cotton planting. ©Debra L Ferguson Stock Photography New crop prices advanced two cents on the week closing Friday at 83.22. A nice rebound after the prior week’s sizeable selloff. Uncertainties as to the true benefit of rainfall in the Southwest had traders viewing the market as oversold. It appears to have settled into the low 80s, a comfortable trading range while it tries to discern the potential size of the 2021 crop.
Misississippi: Wet Weeks Split State’s Planting Season in 2
Young corn rows. Photo: Kevin Hudson, Mississippi State University Because it is the first crop planted starting in March, Mississippi corn is in much better shape than other row crops struggling with the challenges of wet, cool weather. The U.S. Department of Agriculture released estimates May 16 that indicate 97% of the state’s corn is in the ground, and 83% appears to be in good or excellent condition.
Ohio Soybeans: Stand Evaluation and Re-Plant Decisions
Poor soybean stand establishment. Last week I checked-out our ultra-early soybean planting trials in South Charleston and Wooster (funded by Ohio Soybean Council). Both locations had soybeans planted on April 5/6 and April 28. At the Wooster location (northeastern OH), the soybeans planted on April 6 were emerging with the most advanced plants between the VE (cotyledons above the soil surface) and VC growth stage (unifoliate leaves unrolled and not touching).
The enduring case for American naval power
Born from revolution in the midst of a previous era of great power competition, America’s dedication to freedom, equality, and its resulting ascendance in the world have always been challenged. And although we would not become a “great power” ourselves for a century or more, our earliest guarantor of economic and political security was decidedly rooted in a maritime strategy. That could be because our first president was also our first navalist.
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