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Milk production in the U.S. continues its march higher, and the wild shifts in consumer priorities for high-protein products have sparked the volatility in markets that I anticipated in previous
Following sizable reported losses in 2025/26, 2026/27 looks to be another year of the same for sugar beet farmers. However, I forecast losses to narrow on average, with a near
Trade Tensions Have Severely Damaged U.S. Wine Exports Exports are an important sales channel to many U.S. wineries. They’ve declined gradually over the past decade due to structural factors, but
Of the hundreds of crops grown in California, olives are particularly unique. Unlike many crops that are concentrated in a specific region, olives are cultivated across multiple production areas throughout
After losing their footing this summer, cattle markets face a bumpy quarter ahead. Drought continues to impede heifer retention, and news developments are introducing more volatility in futures prices. An
The industry is in a far stronger position today than it was just a few years ago. The State of the Market After years of low returns for almond farmers,
Over the past few years, dairy producers have enjoyed a favorable combination of strong milk prices, reasonably low feed costs, and exceptionally high beef-cross calf values. While I don’t expect
For anyone hedging cattle positions, buying August feeder cattle futures somewhere from March to May and holding those long positions until mid- to late August has been a high-probability trade.
International markets have a more direct path to the U.S. butterfat and protein component values that appear on milk checks. The U.S. has an abundance of milk. For years, we’ve
Corn and soybeans are nearing the finish line, and the Pro Farmer Crop Tour in mid-August reinforced what we and markets have predicted: There is likely less corn production than
