Podcast Summary
US Meat Exports in May: US meat exports reached the second largest volume month of the year in May, with Japan, Mexico, and the ASEAN region being notable regions for increased exports. Pork exports to Mexico were down in volume but up in value, while Korea and Central America saw significant increases. US milk production saw a slight decrease in May.
The US Meat Export Federation (USMEF) reported a strong month for US meat exports in May, with a total of 110,000 metric tons of beef and pork exported, making it the second largest volume month of the year. The highest value month in the last year, reaching over $900 million. Notable regions with increased exports include Japan, Mexico, and the ASEAN region, specifically the Philippines, Indonesia, and Singapore. Pork exports to Mexico were down slightly in volume but up in value, with a focus on exporting a wider range of cuts. Korea and Central America also saw significant increases in exports. In the dairy sector, US milk production saw a slight decrease of 0.9% in May, reflecting ongoing adjustments in the industry. Kathleen Wolfley, an agriculture broker with ever.ag, provided insights on these trends and their implications for the industry. Overall, the US meat and dairy exports continue to show resilience and growth in key markets.
U.S. milk production, cheese supplies: U.S. milk production was down slightly YoY in May, but targeted growth in regions like Texas and New Mexico. Tight cheese supplies, especially fresh cheese, are driving up prices in Chicago, resulting in a 4.2% YoY decrease in American cheese stocks. Volatility in the market due to availability of fresh cheese.
The U.S. milk production was down slightly year-over-year in May, but the addition of cows in regions like Texas and New Mexico indicated targeted growth. Market conditions have led to tight supplies of fresh cheese, which is driving prices up in Chicago. Exports have been high, leading to less cheese available for storage, resulting in a 4.2% year-over-year decrease in American cheese stocks. This squeeze on supplies has created volatility in the market, with prices moving based on the availability of fresh cheese. Overall, the report was seen as neutral, but the tight cheese supplies could lead to continued price increases.
Corn rootworm pressure: Farmers in corn belt areas with large fields, continuous corn, or extended diapods should consider assessing root damage and implementing diverse management strategies due to high corn rootworm pressure and less susceptible populations
Corn rootworm pressure is expected to be high in the corn belt this year due to increased populations and a longer feeding window. Historically, farmers have relied on traits to manage these insects, but with less susceptible populations and a wider feeding window, new management tactics are necessary. Farmers in areas with extended diapods, large corn fields, or in continuous corn scenarios, should consider digging up roots to assess damage and potentially take action. The shift towards more resilient rootworm populations and the need for diverse management strategies highlight the importance of staying informed and adaptable in agriculture.
Corn Rootworm Infestations Scouting: Actively scout for corn rootworm infestations by digging up roots and checking for adult beetles during silky stage, even with the best traits and technologies. Join Bayer's free agronomic program, The Watch, for guidance and free corn rootworm pressure starter kits.
Corn growers should actively scout for corn rootworm infestations by digging up roots to look for larvae and checking for adult beetles during silky stage. This practice is essential even with the best traits and technologies available, as insects can adapt and traits may not be 100% effective. Penny encourages growers to join Bayer's free agronomic program, The Watch, to gain guidance on managing cornrootworm pressure. The Watch offers free corn rootworm pressure starter kits, including sticky traps, to farmers who sign up by July 16th. By understanding scouting procedures and population monitoring, growers can better control these insects and ensure successful crops.
Technology in Agriculture: Technology, including precision farming, drones, automation, and data analysis, is revolutionizing agriculture by increasing efficiency, productivity, and sustainability. Collaboration between farmers, researchers, and policymakers is essential for continued innovation.
Key takeaway from today's discussion on American Ag Today is the importance of innovation and technology in modern agriculture. From precision farming and drones to automation and data analysis, farmers are utilizing advanced tools to increase efficiency, productivity, and sustainability. These technologies not only help farmers manage their land more effectively but also contribute to feeding a growing global population. Additionally, the conversation highlighted the importance of collaboration and communication between farmers, researchers, and policymakers to ensure the continued development and implementation of these innovative solutions. Overall, the future of agriculture is exciting, and it's clear that technology will play a crucial role in shaping it.