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U.S. Plains drought highlights spring wheat supply crunch

Drought conditions in the northern U.S. Plains that have propelled spring wheat prices to a three-year high worsened in the past week and there are forecasts for more hot and dry weather that could crimp the harvest. As the world struggles with a glut of grain that has filled inventories to record-highs and cast a wet blanket over the corn and bean markets, the shortage of high-quality spring wheat has taken markets by surprise. The drought in the United States has propelled prices for the high protein grain that is prized by bread makers to three-year highs. [node:read-more:link]

Trump vows to ‘unleash’ American energy but unveils only modest new steps

President Trump vowed to “unleash American energy” on Thursday, pledging to bolster the ailing nuclear industry, open up new offshore areas for drilling, and help seal deals for oil pipelines and coal exports.Riding a wave of shale drilling that doubled the country’s total oil and gas production during the Obama administration, Trump said: “We’re here today to usher in a new American energy policy, one that unlocks millions and millions of jobs and trillions of dollars in wealth.”But energy experts were not impressed with the measures Trump unveiled Thursday, saying they would have little e [node:read-more:link]

Bigger Flocks Send Egg Price to Decade-Low

It doesn’t matter if you like them hard-boiled, scrambled or soaked in heart-clogging hollandaise sauce: when eggs are this cheap, it’s a good time to get cracking.Supplies in the U.S. have surged so much in recent months that prices are the lowest for this time of year in at least a decade. It will probably take awhile for consumers to eat through the surplus inventory, so the government is predicting egg costs will drop more than any other food group in 2017. [node:read-more:link]

Michigan state officials want hunters to help control bovine tuberculosis

State officials want hunters to shoot more deer in northeastern lower Michigan. Infected deer in the area spread a disease called bovine tuberculosis. It can kill cows, and it can be passed to people through unpasteurized dairy products.The state has already spent more than $150 million trying to eradicate the disease over the past two decades. But rates of bovine TB have spiked among the deer population in recent years, and several cattle herds have been newly infected. In April 2015, Jeremy Werth got the phone call that every dairy farmer in this area dreads. [node:read-more:link]

What's Up with Ethanol Production Profits?

In a farmdoc daily article last week, we showed that biodiesel production profits in the U.S. had moved into the black in recent months, seemingly defying the typical pattern of losses in years following the expiration of the biodiesel tax credit. Given the anomalous movement in biodiesel production profits one wonders whether something similar has been happening to ethanol production. The U.S. ethanol production industry is coming off a good year in 2016. Net profits averaged $0.12 per gallon, about $0.05 higher than in 2015. [node:read-more:link]

Canadians have increased protein consumption

Canadians are consuming more of their calories from protein than they did more than a decade ago, according to results from the newest Canadian Community Health Survey (CCHS) report. Fat consumption amongst adults increased slightly, and there was a small decline in carbohydrates consumption. The report notes that for children and teenagers, the percentage of daily energy intake from protein increased one percent (to 15.6 percent in 2015 from 14.6 percent in 2004). For adults, it edged up to 17.0 percent from 16.5 percent. [node:read-more:link]

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