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WASHINGTON, D.C. – The purpose of the Federal Milk Marketing Order is coming under question during USDA’s hearing. The debate is being watched closely by South Dakota’s dairy industry that led all states in year-over-year milk volume growth, up 18.3%. That could be problematic for a commodity that is seeing a continual decline in consumption. Peter […]
STILLWATER, OK – The daily 5-Market negotiated cash fed cattle price reported on Thursday, April 6, 2023, by the USDA Agricultural Marketing Service, was $172.33/cwt., a new record daily fed cattle price. This was followed on Friday with a price of $175.87/cwt. The previous record daily price was $172.08/cwt. on November 26, 2014. Where do […]
WASHINGTON, D.C. – The American Farm Bureau Federation told Agriculture Secretary Tom Vilsack Wednesday that requests to increase make allowances fall short of fairly supporting dairy farmers. In the simplest terms, a make allowance is an estimate of what it costs to transform milk into a finished dairy product like butter or cheese. These estimates […]
PIERRE, S.D. – Over 20 pharmacies have closed across South Dakota since 2018. And over 55% of the state’s counties either lack a pharmacy or only have one. The industry is facing a pharmacy technician shortage, and a looming pharmacist shortage. South Dakota pharmacists believe a bill that would provide more transparency in prescription drug pricing by […]
WASHINGTON, D.C. – Egg prices are up more than 130% from year ago levels, and a U.S. farm group is asking the Federal Trade Commission to look into the high prices of eggs and possible price gouging. Farm Action, a farmer-led advocacy organization that sent a letter to FTC Chair Lina Khan to share their […]
WASHINGTON, D.C. – As always, there is a great deal of dynamics across various beef product markets. However, beef demand appears to be generally steady and strong at the end of 2022. That’s according to Darrell Peel, Oklahoma State Extension Livestock Economist. Beef demand considers retail beef prices as well as the quantity of beef […]
MANHATTAN, KS – When selecting meat in the grocery store the product cut, price per pound, and visual appeal are just some of the factors that influence the purchasing decision. And for curious consumers, plant-based protein sources may also drive the purchase for those who follow a primarily vegetarian diet but occasionally eat meat or […]
OMAHA, NE – Green Plains Inc. and its subsidiaries filed a complaint in the District of Nebraska against Archer Daniels Midland (ADM), alleging it had manipulated the derivative contracts market and violated the Commodities Exchange Act. According to the complaint, the plaintiff, Green Plains Inc., produces and sells over a billion gallons of ethanol each […]
SIOUX FALLS, S.D. (AP) — As federal officials debate investing billions of dollars in broadband access, South Dakota is planning to invest $100 million as it struggles to extend reliable internet service to every corner of the state. Data reported by the Sioux Falls Argus Leader suggests that many South Dakota schoolchildren and adults who […]