Weekly Outlook: Prices and Prospects
May 20, 2003
URBANA—Recent price strength provides an opportunity for producers to advance sales of both old and new crop corn and soybeans, said a University of Illinois Extension marketing specialist.
“The strong basis in some areas and inverted futures market suggests that all old crop inventory should be sold,” said Darrel Good. “Long positions to speculate on summer weather markets may be less costly in the futures market than in the cash market under the current price structure.
Neal Merchen Named Animal Sciences Head
May 16, 2003
URBANA—Neal R. Merchen, who has been on the University of Illinois faculty since 1981, was named Head of the Department of Animal Sciences on May 15 by the University of Illinois Board of Trustees. Merchen has served as Acting and Interim Head since 2001.
Corrected--Farm Living Expenses Rise
May 14, 2003
URBANA—Total, noncapital living expenses for Illinois farm families rose an average 2.9 percent between 2001 and 2002 and are up 4.5 percent since 2000, according to a University of Illinois Extension study.
Ag Workers Face High Fatality Rates, Other Risks
May 13, 2003
Urbana - The increased risk of respiratory disease and a farm fatality rate significantly higher than general industry are just two of the problems faced by farmers and farm workers today. These and a myriad of other topics have been addressed in a three-year agricultural health and safety study coordinated at the University of Illinois.
StarLink Settlement Deadline
May 12, 2003
URBANA-Most Illinois farmers face a May 31 deadline to submit a "Proof of Claim" in order to receive their share of a $110,000,000 national settlement recently approved by the U.S. District Court in Chicago, said Don Uchtmann, University of Illinois Extension agricultural law specialist.
Date Set for 2003 Illinois Forage Expo
May 12, 2003 Urbana--The 2003 Illinois Forage Expo will be held on July 1 at the north edge of Macomb. The center of operations will be the Western Illinois University Livestock Center, located one mile west of Route 67 on Tower Road (N1400) at the intersection of Tower Road and Wigwam Hollow. The Forage Expo will focus on both forages for grazing and harvesting systems.
Weekly Outlook: USDA Report
May 13, 2003
URBANA—Prices of corn, soybeans, and wheat will continue to be influenced by a number of factors, but the projection in a May 11 USDA report were generally less bullish than expected, particularly for corn and soybeans, said a University of Illinois Extension marketing specialist.
The comment by Darrel Good came as he reviewed the USDA’s May update of projected U.S. and world crop supplies and consumption.