Rapidly increasing input prices were a major concern in the 2022 crop year. What do input prices look like as we approach 2023’s planting season? Updated AgriLife Crop & Livestock Budgets, as well as some updated decision tools can help you make this year’s production decisions.
[Read more…] about High Plains Ag Week – 1/18/2023 – Budgets and Input Price Changes
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
We continue our fall market reports reviewing the beef cattle market. Beef cattle prices have improved this year, which has undoubtedly helped during this drought. Four crucial market drivers have played and will play a significant role in future prices: Weather, Feed Costs, Beef Production, and Demand. [Read more…] about High Plains Ag Week 12/5/2022 – Beef Cattle Market Update
Continuing with our fall market updates this week, we reviewed the peanuts market. Less harvested acreage this season will potentially lower ending stocks and support future prices.
[Read more…] about High Plains Ag Week 11/21/2022 – Peanut Market Update
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Early-season wheat prices and winter wheat crop conditions have shown record highs and lows during this planting season. In today’s Wheat Market Update we reviewed the main market drivers for the following season. [Read more…] about High Plains Ag Week 11/7/2022 – Wheat Market Update
In a world where drought, market reports, and geo-political events pressure livestock producers risk management is becoming increasingly important. Faculty from Texas A&M AgriLife and Oklahoma State University came together to produce, “Where’s the Risk: A Livestock Risk Management Handbook.” [Read more…] about High Plains Ag Week 10/31/2022 – Livestock Risk Management Publication Available
(Courtney Sacco/Texas A&M AgriLife Marketing and Communications)
Ranchers face many price risks associated with cattle marketing, as we saw these last years. USDA changes in LRP made this tool more appealing to ranchers that want to reduce price risk.
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
On June 30th, the USDA, National Agricultural Statistics Service (NASS), released its first survey-base acreage report for the 2022-23 season. Today, we will review the highlights of this first report. [Read more…] about High Plains Ag Week 7/11/2022 – USDA June Acreage Report Review
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
The wheat market has given excellent pricing opportunities during these last months. Today we will focus on those variables that were and are influencing this market. These factors have contributed to the high price premiums we have seen lately. [Read more…] about High Plains Ag Week 6/20/2022 – Wheat Market Update
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Last week’s WASDE report projected tightened ending stocks primarily due to weather conditions and Russia’s invasion of Ukraine. The chances of increasing ending stocks to previous levels during this season are very low. Today will review the WASDE report and discuss those factors that have created this bullish market reaction. [Read more…] about High Plains Ag Week 5/16/2022 – WASDE Review
Input cost management is on everyone’s mind this year. But how do you even begin to approach cutting costs effectively? Each operation, and really, each field is different. We’ll address specific inputs throughout the spring, but for now, we present three rules of thumb to get you started on your input cost management decisions.
[Read more…] about High Plains Ag Week 1-31-2022 – Rules of Thumb for Input Cost Management