News Update December 25, 2020

News Update December 25, 2020

In "Agriculture News" from ag view.net, a report out from USDA’s "National Institute of Food and Agriculture" and Purdue University, show a strong job demand for new college graduates with degrees in agriculture programs. US college graduates can expect approximately 59,400 job opportunities annually between now and 2025. This reflects a 2.6% growth from the previous five years. Employer demand will exceed the supply of available graduates with bachelor’s degrees or higher in agriculture related fields. A spokesman for USDA NIFA said students studying agriculture have made a sound career choice and will graduate into a strong and growing job market in the years ahead. According to the "Association of Equipment Manufacturers’ monthly flash report", the sale of all tractors in the U.S during November, we’re up 41% compared to the same month a year ago. Now for the 11 months in 2020, a total of 263,122 tractors were sold. That’s a 16% increase here to date. For the month, two wheel drive smaller tractors, those under 40 horsepower up 47% from a year ago, those 40 and under horsepower tractors up 28%. Sale of two wheel drive a 100 horsepower plus tractors up 24%. Four wheel drive tractors sales up 91% . For the 11 months, two wheel drive tractors, those small ones up 20% over a year ago, 40 and under a hundred horsepower up 12%, two wheel drive 100 plus horsepower tractors up 1%, four wheel drive tractors up 5%. By the way, combine sales up 33% for the month, sale to combine so far for this year, 4,544. That’s an increase of 6% over the same period last year. And the US animal protein sector expected to face a 12% increase in feed costs next year, that will mark the highest year over year inflation since 2011; With corn futures, about four bucks a bushel soybean meal around $350 a ton. Cattle feeders, hog producers and chicken producers will pay higher prices for feed than they have in many years according to new report out from Coal Banks’, "Knowledge exchange division". The higher feed costs come at a challenging time as meat and poultry industry margins have been pressured by weak prices in 2020 due to COVID-19. Average producer margins for cattle, hogs and broilers fell into negative territory this year after the pandemic disrupted food service demand and drove widespread meat plant, slow downs, even some shut downs. Now, much of the increase in feed prices being driven by Chinese demand for grain, as it rebuilds its hog herd and overall animal protein supply after African swine fever ravaged its herd the last couple of years. USDA is forecasting that China’s corn imports were more than triple. In this 2021, the crop year, much of that increase coming from the US. More on these and other ag stories "@agview.net." Stay with us.

Bookmark the permalink.

Comments are closed.