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13 Apr 2024
OVERLAND PARK, Kan. (DTN) -- The president of the Kansas City Federal Reserve Bank is cautioning his fellow Fed bankers to continue to "be patient" before making any preemptive moves to lower interest rates. It's more critical the Fed stick to its goal of bringing inflation rates back down to 2% levels. "We're going to push this inflation rate down...
12 Apr 2024
OVERLAND PARK, Kan. (DTN) -- At an agricultural markets meeting that focused on data and futures markets, USDA's chief economist defended the agency's decision to cancel three market reports this year, including the July cattle inventory report, while noting that dropping the midyear cattle report "comes at an unfortunate time." The National Agricu...
12 Apr 2024
LINCOLN, Neb. (DTN) -- Three more dairy herds in three additional Michigan counties have tested positive for highly pathogenic avian influenza, according to state officials, in tests confirmed by the USDA's National Veterinary Services Laboratory. Earlier this week, HPAI was confirmed in dairy herds in North Carolina and South Dakota, bringing the ...
12 Apr 2024
MT. JULIET, Tenn. (DTN) -- Erik Oberbroeckling needed to find a way to support his income when he returned to the 1,200-acre family farm in 2004. The farm needed another semitruck to speed up harvest and haul grain, and when it wasn't being used during the farm's slow seasons, Oberbroeckling put it to work hauling boxed beef from a local Iowa packi...
12 Apr 2024
LINCOLN, Neb. (DTN) -- Archer Daniels Midland and Solugen Inc. broke ground Thursday on a 500,000-square-foot biorefinery in Marshall, Minnesota. The plant is expected to use corn syrup as a feedstock to produce low-carbon acids for use in agriculture and other applications. The plant will be built on a 34-acre parcel adjacent to ADM's corn-process...