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Evening Edition | Monday, July 25, 2022

In this Evening Edition, catch up on the latest data from the Crop Progress Report, learn about the grain agreement to export grain from Ukraine, and get some advice about producing grass-fed beef.

Crop Progress Report

The USDA says 13% of the U.S. corn crop has reached the dough stage, right on the heels of the five-year average of 15%. As of July 24, 62% of corn is silking compared with the five-year average of 70%.

USDA’s report noted 64% of the soybean crop has bloomed, nearly catching up to the five-year average of 69%.

Soybeans setting pods are at 26% across the top 18 soybean growing states. The five-year average for this point in the season is 34%.

Ukraine Grain Agreement

Iurii Mykhaylov, an agricultural journalist in Ukraine, reports on the "grain agreement" signed in Istanbul on July 22.

The agreement is between Ukraine, Turkey, and the UN, on the one hand, and Russia, Turkey, and the UN, on the other. Turkey acts as a guarantor of ensuring the security of the "grain corridor" for the export of grain from three so-called “Big Odesa” Ukrainian ports: Chernomorsky, Yuzhny, and Odesa.

According to Ukrainian military and political experts, the export of Ukrainian grain will still be carried out. However, there will not be a big benefit, which traders and Ukraine were counting on, as the cost of freight insurance will increase sharply, which, in turn, will not allow the price of grain to rise on the domestic market and receive sufficient profit for its producers.

Grass-fed Beef

Gonsoulin Land & Cattle in New Iberia, Louisiana, was one of the first ranches to jump on the grass-fed beef bandwagon in 2005.

Now the ranch, located not far from Louisiana’s Gulf Coast, markets up to 100 head of grass-fed cattle a year. 

Gonsoulin shares advice for ranchers thinking about producing grass-fed beef.

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