2. Business reporting details: The federal beneficial ownership reporting rule for small businesses has had more twists and turns than a Ben Affleck/Jennifer Lopez relationship. There isn’t even an exchange of Christmas gifts. But it appears that companies will not – I repeat, will not – be required to file the controversial ownership transparency documents by early January. Of course, we hope this will give the approximately 230,000 farms that the BOI Act is expected to affect sufficient time to file the paperwork. Hint, hint. Check out the latest news here from DTN Ag Policy Editor Chris Clayton: https://www.dtnpf.com/….
3. The year ends on the warm side: After a rainy weekend in the eastern Midwest, a new system will move into southern and eastern areas. Conditions will remain warm, meaning this round of precipitation will be mostly rain at first. The next cold spell is expected later in the week. In the Northern Plains, by the start of the new year, a more prolonged period of arctic air could develop and persist into the first weeks of January. In the Central Plains, warmer temperatures also bring more rain than snow, with the chance of white matter increasing the further north you go. The lower Mississippi Valley has been very wet but looks drier and colder by the end of the week.
4. Bird Flu News: Studies give us more information on how the current H5N1 bird flu spread in the United States, and we’re tracking the latest reporting efforts and actions from the USDA on the disease.
5. Economic reports to watch: Monday reports begin at 9 a.m. with pending home sales, followed at 10 a.m. by grain inspections. At 2 p.m., the latest egg products report arrives, then the CFTC Trader Engagement Report at 2:30 p.m. On Tuesday, the S&P Case-Shiller Home Price Index will be released at 8 a.m., at 11 a.m. we will see national livestock and meat data, and at 2 p.m. the latest agricultural price data from the National Agricultural Statistics Service. Wednesday, markets closed, no reports due to New Year’s holiday. Thursday begins with the initial jobless claims report at 7:30 a.m., then at 9:00 a.m. with construction spending figures. Friday at 7:30 a.m. we’ll see the latest export sales report, then at 9:00 a.m. ISM Manufacturing data for December. At 9:30 we will see the EIA Weekly Petroleum, including ethanol data.
DTN bonus content: We will continue the countdown of our Top 10 agricultural news for 2024 and reveal the #1 agricultural news of the year on December 31, as well as a blog on our selection. You can then find our Best of the Rest story on January 1st. What do you think should be the best agricultural story of the year? You can share your choice with us at speak@dtn.com or our social networks.
In our latest Field Posts podcast titled “Cattle Market Forecast 2025,” hosted by Sarah Mock, DTN Livestock Analyst ShayLe Stewart provides livestock market forecasts for the year ahead. She looks back at the 2024 season, reflects on the ups and downs that kept ranchers on their toes, and talks about the macro and micro conditions that made this a record year for livestock and beef prices. Then, she ties together the current state of the market, the latest weather and food forecasts, and gives a first look at what could be in store for producers in 2025. She talks about the feed complex, dives into the demand picture and provides an overview of the status of America’s herd recovery. Then, she tells listeners how everyone – from breeders to feeders to packers – could prepare for the challenges and opportunities of the year ahead, and what remaining wild cards could mean a change in trend for a historically strong market.
You can listen to this and other Field Posts podcasts at https://www.dtnpf.com/…, https://www.buzzsprout.com/… and they are also available on podcast hosting sites such as Apple Podcasts and Spotify.
Watch for the latest news on www.dtnpf.comand follow and like our Facebook page at www.facebook.com/dtnprogressivefarmer. You can also find our news on Instagram. Follow us @dtn.agnews
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