January 4th, 2017
St Joseph |
|
Yellow Corn |
3.24 – 3.30 |
White Corn |
no bid |
Soybeans |
9.08 – 9.15 |
LifeLine Foods |
3.41 |
|
|
|
Atchison |
|
Yellow Corn |
3.31 – 3.35 |
Soybeans |
9.07 |
Hard Wheat |
3.69 |
Soft Wheat |
3.44 |
|
|
|
Kansas City Truck Bids |
|
Yellow Corn |
3.36 |
White Corn |
for Feb. delivery 3.45 – 3.49 |
Soybeans |
9.30 |
Hard Wheat |
4.23 |
Soft Wheat |
3.79 – 3.84 |
Sorghum |
6.09 |
For more information, contact the 680 KFEQ Farm Department.
816-233-8881.


A recent Department of Agriculture report shows that millennials prefer fruits and vegetables over grains and meats. The USDA report analyzed food-buying data by generation. Agri-Pulse reports that millennials spend the smallest share of their food budgets on grains, white meat and red meat. Millennials, those born between 1981 and the mid-2000s, are now the largest, most diverse living generation, surpassing Baby Boomers, in the United States. As such, USDA says their purchasing behavior heavily influences the current retail landscape. Another important finding is that as they have more money to spend, millennials appear to have a stronger preference for fruits and vegetables than other older generations. The report also says millennials do spend more on red meat as their income rises. However, economists found a clear trend, noting that there are “consistent generational differences in meat consumption,” finding each expenditure trend for white and red meat decreases with each younger generation.

The U.S. and South Korea will hold formal trade talks starting Friday regarding the Korea-U.S. Free Trade Agreement, known as KORUS. Officials from Korea and the U.S. will meet in Washington, D.C. Friday to discuss “potential amendments and modifications” to the five-year-old deal, according to Politico. The two nations met last year to discuss concerns surrounding the trade agreement as President Trump repeatedly criticized the trade pact, and threatened to withdraw the U.S. unless changes are made. However, U.S. officials have so far not followed trade promotion authority procedures required to pursue major changes to the deal, suggesting they do not anticipate the talks will result in changes to U.S. law that would require congressional approval. South Korea was the third largest importer of U.S. corn during the latest marketing year, and is currently the fifth largest U.S. agricultural export market.
The U.S. Grains Council issued a report on this year’s corn harvest quality, saying a good growing season resulted in record yields that had very good quality. The report says the majority of crop conditions in 2017 were good-to-excellent. That led to strong plant size, good kernel health, and a projected record yield of 370.3 million metric tons, or 14.58 billion bushels. If the projection turns out to be accurate, it would be the second-largest harvest on record. The report says just over 95 percent of America’s corn crop rated at U.S. grade number 2 or better. That result came from an extended planting period, a warm and wet vegetative period, a cool and dry grain-filling period, and a warm, wet, and slow harvest. The average test weight came in at 58.4 pounds per bushel, higher than the five-year average, and shows excellent kernel-fill and maturation. Roughly 98 percent of samples tested below the Food and Drug Administration’s action-level for aflatoxins, which is 20 parts per billion. 100 percent of the samples tested below the FDA-mandated advisory level for vomitoxins.