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Agriculture
Intelligence Report

Feb 16, 2022

Cotton Acreage to Expand Amid Soaring Prices

Cotton farmers are expected to increase acreage by about 7% this year as they try to take advantage of prices that are the highest in years. According to the National Cotton Council’s (NCC) annual survey of planting intentions, farmers are expected to plant about 12 million acres this spring, up...

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Feb 10, 2022

Farm Income is Forecast Far Above Average for Second Year in a Row

Record-high expenses and sharply lower federal subsidies will erode farm income in 2022, according to a forecast by the U.S. Department of Agriculture. Nonetheless, U.S. agriculture could see one of its best years on record, with net farm income 26% above its 10-year average.

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Feb 10, 2022

2021 Ag Exports Reach the Highest Annual Levels Ever

The American agricultural industry posted its highest annual export levels ever recorded in 2021, Secretary of Agriculture Tom Vilsack announced yesterday. The final 2021 trade data published by the Department of Commerce shows that exports of U.S. farm and food products to the world totaled $177...

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Feb 10, 2022

Global Grain Stocks Tighten

Using global stocks to consumption ratios for corn, soybeans, and wheat since 2000 shows how grain stocks have tightened in recent years. While they generally remain above the lows observed roughly a decade ago, they are down from their recent high of 33% in 2016/17 but considerably above the...

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Feb 10, 2022

Fun Fact:  Americans Eating Record Amount of Chicken Wings During Superbowl

Americans are anticipated to consume 1.42 billion wings while watching the Cincinnati Bengals and Los Angeles Rams battle for the Lombardi Trophy, according to the National Chicken Council's (NCC) 2022 Wing Report.NCC spokesperson Tom Super says, "Like almost anything else you buy right now, wings...

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Feb 10, 2022

Ag Groups Push for Senate Shipping Legislation

Senators Amy Klobuchar, D-MN, and John Thune, R-SD, are in the final stages of releasing the Senate version of a bill to improve port conditions for agricultural exports. The House version passed in December, on a vote of 364-60, with strong support from the ag sector.

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Feb 10, 2022

New DNA Test Can Track Meat, Poultry and Seafood

Once a carcass is processed into hamburger, for example, how do you track it? One company is pioneering the use of DNA to link the entire supply chain from farm to fork. Merck's IdentiGen TraceBack tool allows buyers to follow food from farm to fork.

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Feb 2, 2022

Commodity Prices to Remain Strong in 2022

Corn, soybean, wheat and cotton prices are expected to remain strong in 2022 thanks to good demand, moderate supplies and weather-related production fears.

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Feb 2, 2022

U.S. Grain Export Sales Gain Momentum in Early January

Export sales of U.S. corn, wheat and sorghum all picked up in the second week of 2022, according to the latest weekly USDA trade data. Nigeria led the way in commitments for U.S. wheat, buying 101,300 metric tons – about a third of the overall sales of 380,600 tons – while Japan and Mexico were the...

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Feb 2, 2022

Top Food System Trends for 2022

2022 sure has an element of Groundhog Day to it. We’re waking up to surging COVID numbers once again, the supply chain still in tatters and much of the world now masters at living most of their lives from home.

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Feb 2, 2022

CAD Attends NCBA Trade Show and Meeting in Houston

Texas hosted thousands of cattle industry leaders for the National Cattlemen's Beef Association (NCBA) Annual Trade Show and Meeting in Houston. Thousands were in attendance at the 2022 event, including our very own CAD team, which was held at the George R. Brown Convention Center, February 1-3.

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Feb 2, 2022

Farmer Sentiment Weakens Slightly in January

The Purdue University/CME Group Ag Economy Barometer declined 6 points to a reading of 119 in January. The Index of Current Conditions fell 13 points to a reading of 133, while the Index of Future Expectations changed little in January, down 2 points to a reading of 112. Rising farm input costs and...

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Feb 2, 2022

From Barn to Operating Room - A Pig’s Role in Human Health

Great strides have been made to encourage consumers to include pork as a part of a heart-healthy diet. There is good reason for that encouragement. According to the National Pork Board’s website, pork.org, besides being darn tasty, pork is also nutritious. Naturally low in sodium and a good source...

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Feb 2, 2022

Electric Cooperatives to Play a Lead Role in Rural Energy Transition

Rural communities and electric cooperatives could begin to aggressively close the energy transition gap over the next decade, pivoting from their role as underdogs to leaders on clean energy. Despite an absence of financial incentives, electric co-ops are already transitioning to low or zero-carbon...

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Jan 26, 2022

Agriculture has ‘Unfinished Business’ in Sino-U.S. Trade, Says USDA’s Vilsack

Although China purchased a record amount of U.S. farm exports over the past two years, it wasn’t enough to comply with the “phase one” agreement that de-escalated the Sino-U.S. trade war, according to Agriculture Secretary Tom Vilsack. “We obviously have some unfinished business with reference to...

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