Pandemic Supply Chain Top Areas Of Concern To Start 2022

While it may not have been a “normal year”, 2021 was good for farmers, according to American Farm Bureau Federation Chief Economist Roger Cryan. And Cryan said 2022 is continuing with the “not normal” theme, as issues from the past two years pour into the New Year. “The pandemic is not over. So, people are […]

Research on Hemp Compounds and COVID-19

Oregon State University researchers have identified hemp compounds that show an ability to prevent the virus that causes COVID-19 from entering human cells. University researchers say a pair of cannabinoid acids bind to the COVID-19 spike protein, which stops the virus from infecting people. OSU said this “spike protein is the same drug target used […]

U.S. Meat Production Slowing

Meat companies and union officials tell Reuters that rising COVID-19 infections among workers are forcing meat plants to slow production and the government to replace slaughter inspectors. Meatpacking was an early epicenter of COVID in 2020 and is now the latest sector to be disrupted by the Omicron variant. Cargill, one of the country’s top […]

Unrest In Producing Counties Weighing On The Minds Of Oil Investors

Oil prices traded higher in early Monday action, but when it was all said and done, eventually closed slightly lower. West Texas Crude closed 1% lower, primarily on the unrest in oil producing countries, such as Kazakhstan and Libya. Patrick DeHaan with GasBuddy said oil and gas demand is bearish this time of year, especially […]

NWFC Expects Good Year For Nursery, Fisheries, Forest Products Sectors

As we start our six-part Northwest Farm Credit Services quarter commodity snapshot series today, we look at Forest Products, Fisheries and Nurseries. Bill Perry, executive Vice President at NWFCS says their 12-month outlook expects fisheries to be profitable. “While fisheries face challenges with changing TACs, a closed king crab fishery and potential COVID-19-related lockdowns in […]

USDA Funding Will Continue to Support School Meals

Last week, Agriculture Secretary Tom Vilsack announced that the agency made an adjustment in school meal reimbursements to help schools continue to serve children healthy meals. The move will add an estimated $750 million more into school meal programs across the nation. The goal is to make sure that federal reimbursements keep pace with food […]

Zuzolo: Looks Back On The 2021 Grain Market

The New Year is still just a few days old, which means it’s a good opportunity to look back at how the grain markets faired in 2021. Mike Zuzolo, President and Founder of Global Commodity Analytics in Atchison, KS, said the 2021 commodity markets picked up right where 2020 left off. “A cost-push inflationary market […]

Omicron Creates Questions For The Start of 2022

According to one American Farm Bureau economist, the surging Omicron COVID variant poses a big unknown for January’s agricultural economy and other sectors. Omicron is forcing new business and school closures, thousands of airline cancellations, renewed mask and vaccine mandates, and new worries among farmers of input delays. “I think it pushes the delays even […]

Dairy Checkoff Drives 2021 Sales Growth

Despite the challenges brought on by COVID-19, the Dairy Checkoff continued to help its foodservice partners to grow sales of U.S. dairy foods. Dairy Management Incorporated, the organization that oversees the checkoff, says more domestic dairy got shipped into the international marketplace in 2021. The checkoff continued its effort to connect with the “Gen Z” […]

DeHaan: Oil Prices Rally As Fears Over Omicron Diminish

Oil prices are rallying as 2021 draws to a close. Patrick DeHaan with Gasbuddy noted West Texas Crude was trading up roughly $2 per barrel in Monday action, to near $76. That he noted is $14 per barrel higher than the start of the month, when Omicron fears started to impact investors. But he said […]