This week on Market Journal....
Grain Markets – Frayne Olson, North Dakota State Extension economist, discusses wheat production, feed uses for corn and wheat, and signs that may signal grain markets are headed downward.
Crop Insurance – Yields are continuing to decrease in Nebraska, which may mean farmers will need to lean on crop insurance. Art Barnaby, Kansas State Research and Extension, considers common questions from farmers regarding this year–s revenue protection coverage and if insurers will be able to cover all indemnity payments.
Dairy Concerns – Dairy cows are expected to produce enough milk to turn a profit, even with reduced rations. Dan Rice, general manager of Prairieland Dairy, talks about how the drought is affecting the dairy industry.
Pig Feed Costs – Feeders may have hoped for a break on costs with the high number of planted corn and soybean acres. University of Nebraska – Lincoln Extension swine specialist Duane Reese talks about alternatives producers may consider in feeding their pigs with high grain prices.
Partnership with China – Market Journal accompanied the Nebraska Department of Ag and the vice chancellor of UNL–s Institute of Agriculture and Natural Resources as they prepared to open a joint exchange office in Beijing, China. Kurtis Harms reports.
Weather Outlook – Al Dutcher, UNL Extension state climatologist, gives an update on drought conditions in the U.S. and forecasts the coming week.