3-4 min read

Introduction

Welcome to this edition of Daily Harvest. We've got some important updates and exciting news to share, including:

• Key developments affecting the industry.

• Market trends and price fluctuations.

• Innovations shaping the future of farming.

• Research findings that impact agricultural practices.

• Upcoming events for networking and learning opportunities.

News Roundup:

Ag Worries Over Strike, Supply Chains

Agricultural leaders are calling on President Biden to step in and help resolve a potential port strike that could jeopardize $1.4 billion in weekly exports. The strike, driven by wage disputes and concerns over job security due to automation, could seriously impact supply chains. Industry groups representing dairy and soybean exports are especially worried about how this could affect U.S. competitiveness in the long run.

Market Update:

Corn, Soybeans and Wheat are represented in bushels.*

Prices retrieved from TradingView

Tech Innovations:

Nano technology in agriculture?

Researchers at Purdue University are diving into the world of nanotechnology to improve agricultural practices. They’re investigating how nanoscale particles can enhance sustainability, helping to tackle challenges like increasing food demand and soil quality. The goal is to create precise delivery systems that could boost crop yields while minimizing environmental impacts. It’s a promising approach to making agriculture more efficient

Research Findings:

Summary of Broiler Hatchery Report (October 2024)

The USDA's latest report highlights some encouraging trends in the broiler industry:

• Increase in Egg Set: During the week ending September 28, 2024, U.S. hatcheries set 243 million broiler-type eggs in incubators. This marks a 6% increase from the same week last year, indicating growth in production.

• Hatchability Rate: The average hatchability for chicks hatched in the same week was 79.8%. This percentage is calculated by comparing the number of chicks hatched to the eggs set three weeks earlier.

• Chick Placements: For the same week, 190 million broiler chicks were placed for meat production, reflecting a 4% increase from the previous year. From January 6 to September 28, 2024, cumulative placements reached 7.39 billion, up 1% compared to the same timeframe last year.

Key Takeaways:

• The broiler industry is experiencing positive growth, as evidenced by the increased number of eggs set and chicks placed.

• The hatchability rate remains strong, which is essential for maintaining healthy production levels.

For more detailed statistics, the report includes state-by-state data and information on survey methodologies.

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.

Ending

Thanks for joining us for this edition of Daily Harvest! We’ve covered a range of important topics that influence our agricultural community. Staying updated is essential as we navigate challenges and embrace opportunities in farming. We look forward to bringing you more insights in the next edition.

Until then, happy harvesting!

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