Industry News | 01-24-2022
Hog Futures Rally to Highest Since Mid-October
Chicago Mercantile Exchange hog futures jumped to their highest in more than three months on Thursday, supported by strength in the cash markets, traders said. Most actively traded February lean hogs rose US2.625 cents to US84.925 cents per pound. The front-month contract closed just below its session peak of US84.975 cents, which was its highest on a continuous basis since Oct. 14. Hog futures have risen for four sessions in a row, their longest streak of gains since late September.
Economist Predicts Continued Strength for Farmland
The U.S. economy should do relatively well until about 2026, according to at least one expert. Alan Beaulieu, president of ITR Economics, was one of the speakers during the Land Investment Expo held in Des Moines Jan. 11. Right now, he said, the U.S. Gross Domestic Product (GDP) is going up, and it looks like it will continue to do so for the foreseeable future. The big reason for that is government spending that was aimed at pulling the economy out of the COVID pandemic slump.
Texas Tech's Ag College Receives Historic $44 Million Philanthropic Gift
Gordon W. Davis has had a larger impact on the College of Agricultural Sciences & Natural Resources than just about anyone else. A local businessman who spent 10 years as an associate professor in the college, Davis and his wife, Joyce, have given a $44 million donation, which represents the single largest philanthropic donation to Texas Tech in school history and is one of the largest investments in people and programs in an agricultural college in the U.S.
‘Fitbits’ on Cows? How Technology and Health Monitoring Helps Dairy Farmers
As the global population grows and agricultural resources become more sparse, dairy cattle operations have become larger, multifaceted, and far more efficient. While genetic and nutritional improvements can be thanked for much of that increased efficiency, advancements in technology have also played a huge part. Not only that, but technology has tremendously improved cow welfare over the years. An example of such technology is Fitbit-like devices that dairy cattle wear all day long.
USDA Announces Pilot Program for Renewable Energy in Rural Towns
Up to $10 million is available to help residents of rural towns develop community renewable energy projects that will reduce their energy costs, said the USDA on Wednesday. Funding from the new Rural Energy Pilot Program will be targeted at communities that have been historically underserved by the government. USDA is providing grant assistance for people who live in particularly underserved rural towns to help them cut their household energy costs and address climate change at the local level,” said Agriculture Secretary Tom Vilsack.
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