The SDSU Extension Interactive Grain Report Tool provides a real-time and historical grain situation report for corn, soybeans, hard red spring wheat, and winter wheat. The tool gathers data on average state elevator cash bids, export cash bids, rail and barge costs, grain stock levels, rail cars loaded by state with grain, grain barge movements, and marketing year export inspections.
Farm Business Management
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Price rallies, general price volatility and concern that prices may move lower could lead producers to insure livestock prices. Livestock Risk Protection (LRP) is an insurance program that covers the single peril or risk of lower prices on fed cattle and feeder cattle.
The Ag Land Soil Tables Tool allows users to view soil data and download data by county to further understand the soil rating system. It can help appraisers make baseline agricultural land assessments and determine if adjustments from baseline are needed.
April 2018 and 2019 blizzards caused stress to the region’s cowherds, and for some herds changed the calving distribution. 2020 brings a chance to re-establish a preferred calving distribution.
As farms and ranches across South Dakota continue to endure increasing costs of production while receiving less cash for grain and livestock marketed; ranch managers must be extra diligent when implementing new range improvements and grazing systems on their ranches.
During times of belt-tightening, it’s imperative to make sure all the resources of the ranch are being utilized as efficiently as possible. Conducting a complete ranch inventory is a perfect time for ranch managers to take an in-depth look at their operation.
With spring turnout to grass here for some ranchers and just around the corner for others, proper livestock grazing distribution is a key aspect of a comprehensive grazing management plan.
Recently, the South Dakota Grassland Coalition and SDSU Extension held workshops across the State focused on sharing information from experienced livestock producers who have switched to a calving date more in sync with nature.
The disruptions in the beef processing sector caused by COVID-19 continue to interfere with the orderly marketing of finished cattle. While we all hope that the situation is resolved quickly, the reality is that because the shipment of so many harvest-ready cattle has been delayed, there will be increased numbers of heavier cattle on feed for the foreseeable future.