3-4 min read

Introduction:

Welcome to this edition of Daily Harvest! Today, we have some important updates and insights to share, including:

• Strike Resolution: U.S. port workers have agreed to end their strike, which will help restore the flow of agricultural goods and stabilize supply chains.

• Market Updates: Current prices and trends for key commodities like live cattle and corn.

• Tech Innovations: How IoT(Internet of Things) technology is transforming farming practices for greater efficiency.

• Dairy Industry Trends: Insights from the latest USDA report on dairy production.

• Upcoming Events: Key industry events to mark on your calendar.

U.S. Port Workers Agree to End Their Strike

U.S. port workers have agreed to end their strike, bringing relief to the agricultural sector and alleviating concerns about supply chain disruptions. The resolution came after negotiations addressed workers' demands and ensured job security. With the strike over, the flow of goods, including vital agricultural exports, is expected to return to normal, helping to stabilize prices and production. This development is a positive step for the economy and the agricultural community as it navigates ongoing challenges.

Market Update:

Corn, Soybeans and Wheat are represented in bushels.*

Prices retrieved from TradingView

Tech Innovations:

Internet of Things in Ag:

The article highlights how IoT technology is changing the farming landscape. With smart sensors collecting real-time data on temperature, humidity, and soil nutrients, farmers can optimize their practices like never before. This tech not only boosts efficiency but also helps reduce waste and improve crop yields. It's fascinating to see how innovation is transforming agriculture!

Research Findings:

Dairy Products Report (October 2024)

The USDA's latest report reveals some encouraging trends in the dairy sector:

• Cheese Production: Total cheese output reached 1.20 billion pounds, up 1.7% from last year, reflecting a steady demand for cheese products.

• Butter Production: Production soared to 159 million pounds, marking a significant 14.5% increase compared to August 2023, driven by consumer preference for butter.

• Nonfat Dry Milk: Production saw a slight uptick, indicating stable demand, while skim milk powder experienced a decrease, suggesting shifts in usage and consumer preferences.

These insights showcase the evolving dynamics within the dairy industry.

Upcoming Events:

Protein Pact Summit 2024: Oct 9^th-11^th 

The Protein PACT Summit 2024 will take place from October 9-11 in Austin, TX. This event gathers leaders from the meat industry to discuss topics related to sustainable protein production and building consumer trust. Participants can expect valuable insights into sustainable practices and strategies for continuous improvement within the industry. It's also a prime opportunity for networking and collaboration on creating a more sustainable food system.

Western Seed Association Convention: Oct. 27^th-30^th

The Western Seed Association (WSA) supports the seed industry by organizing conventions, offering scholarships, and creating networking opportunities. Their upcoming convention in October 2024 will connect industry professionals and celebrate contributions to the field. WSA provides valuable resources to its members, helping them stay informed and engaged.

KANSAS AGRI BUSINESS EXPO: November 20^th-21^st

The Kansas Agri-Business Expo is set for November 20^th-21^st, 2024, in Wichita, Kansas. This event brings together agricultural professionals to network, showcase products, and discuss industry trends. Attendees can expect educational sessions, keynote speakers, and an exhibition featuring the latest agricultural innovations. It's a valuable opportunity for those in the agri-business sector to connect and learn.

Ending

Thanks for joining us for this edition of Daily Harvest! We’ve covered a lot of ground, from the resolution of the port strike to exciting advancements in farming technology. Staying informed is crucial as we navigate the ever-changing agricultural landscape. In the next edition, we’ll delve into more interesting topics shaping the farming world.

See you next time, and happy harvesting!