This week we revisit the Market Facilitation Program (MFP) payments for 2019. USDA released a calculation for the county payments earlier this week, and we walk through an example. [Read more…] about High Plains Ag Week 8/30/2019
High Plains Ag Week 8/23/2019
This week we’re reviewing some of the discussion from wheat outlooks around the Texas panhandle.
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High Plains Ag Week 8/15/2019
Volatility. We’re talking about a lot of unexpected change this week, from the Tyson plant fire causing declines in the cattle market, to an unforeseen WASDE outcome. [Read more…] about High Plains Ag Week 8/15/2019
‘It Depends’ – What’s the deal with the trade deficit?
What is it? How do we calculate it? Written with Dr. Luis Ribera, Associate Professor and Extension Economist, Texas A&M AgriLife Extension.
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High Plains Ag Week 8/2/2019
It’s all about Macro this week. The Federal Reserve cut interest rates and there was little movement in Chinese trade negotiations, until Thursday when there was a big movement. We discuss this and more in the August 2nd edition of HPAW. [Read more…] about High Plains Ag Week 8/2/2019
High Plains Ag Week 7/26/19
This week USDA announced round two of the Market Facilitation Program, crops were down, and livestock contracts were up. [Read more…] about High Plains Ag Week 7/26/19
High Plains Ag Week 7/12/19
The July WASDE and tropical storm (possibly hurricane) Barry were points of interest this week. Wheat and corn saw rallies, and there was positive movement in the livestock contracts as well as local cash markets. [Read more…] about High Plains Ag Week 7/12/19
High Plains Ag Week 7/5/19
Happy Day-after-the-4th of July (what some people would call the 5th of July)! Last week’s USDA ‘Acreage’ report saw an unexpectedly high number of acres that sent the DEC Corn contract down significantly with reverse moves in the cattle contracts. [Read more…] about High Plains Ag Week 7/5/19
High Plains Ag Week 6/28/19
Price movement was largely range bound this week, right up until the USDA ‘Acreage‘ report was released. [Read more…] about High Plains Ag Week 6/28/19
High Plains Ag Week 6/20/19
This week saw a rise in grain and soybean contracts followed by a decline on ‘profit taking’ in managed money accounts. DEC Corn rose to a little over $4.70 on Monday and has traded below that level for the rest of the week. USDA Crop Progress on Monday finally had corn plantings at 92% which is still behind average planting pace, but is the first week to rise above 90% for the 2019 crop year. [Read more…] about High Plains Ag Week 6/20/19