“Our measurement of real per capita expenditures for fresh beef has shown positive gains for every month this year. Strong 2024 nominal (not inflation-adjusted) consumer beef
Read MoreIndustry News & Outlooks
We know that information is essential when running a business. Stay up to date on the latest policy updates, commodity outlooks, regional trade forecasts and macroeconomic conditions that could impact your farm or ranch.
First Look: 2023 Farm Profitability by State
Everyone in or close to production agriculture knows that nearly all sectors have seen profitability fade in recent years, as U.S. net cash farm income has
Read MoreWinescape: Fall 2024
Published four times a year, “Winescape” offers comprehensive analysis of the wine and grape markets as well as trending topics. Download current and previous issues of
Read MoreMarket Implications of Federal Order Reform
By Ben Laine, Senior Dairy Analyst Federal Milk Marketing Orders (FMMOs) are set to change the way milk is priced. After receiving proposals, hearing testimony, making
Read MoreSupply Is Stuck; Demand Is Dictating
The price story for beef is all about consumer demand, not supply. Ranchers have not yet begun to rebuild the U.S. beef herd, so the supply
Read MoreEffects of Federal Order Reform Go Beyond Milk Prices
Milk will soon be priced differently than it is today. Before the end of the year, milk producers pooled in the Federal Milk Marketing Orders (FMMOs)
Read MoreBeef Demand: Envy of the Protein Markets
By Dave Weaber, Senior Animal Protein Analyst Beef demand so far in 2024 has been nothing short of amazing. This is despite talk in the livestock
Read MoreNews Worth Knowing – July 22, 2024
Terrain analysts dissect news topics important to agriculture and weigh their significance for the sectors relevant to our Farm Credit customers. In this issue, our analysts
Read MoreThree Hurdles to Heifer Retention and Rebuilding
By Don Close, Chief Research & Analytics Officer In my conversations with cow/calf producers over the past year, they have voiced three primary explanations or concerns
Read MoreLook Beyond the Headline Milk Production Number for Inspiration
Milk production has been essentially flat for the past three years, and 2024 is on track for another year at the same level, if not less.
Read MoreLook Beyond Headline Milk Production for Inspiration
“Milk production has been essentially flat for the past three years, and 2024 is on track for another year at the same level, if not less.
Read MoreCan Processing Tomatoes Stay Red-Hot?
Juiced-Up Prices After many years of low returns for processing tomato growers, the combination of higher at-home food spending during the pandemic and lower-than-typical inventory pushed
Read MoreIs a Correction Coming for Class III Milk Prices?
After a slow start to the year, milk prices got a welcome boost after bottoming out in April. These prices are a big improvement from earlier
Read MoreThe Fast and Furious Corn Weather Market
Situation The 2024 new-crop corn market rode a strong run from early March through May that was partly fueled by two types of weather concerns: not
Read MoreAvocado Prices Stable for California Producers
Situation Avocado demand has seen an incredible boost in the last decade. Most of this increased demand, however, has been fulfilled by a surge in imports.
Read MoreExport Strength Could Be Too Good to Last
Persistently tight milk supply created an opportunity for strong exports to drive prices to new heights for the year. But the new price level could be
Read MoreNavigating the North Coast Transition
Following a period of steady expansion in the mid-2010s, vineyard values have flattened throughout much of the North Coast in recent years. Over the past year,
Read MoreRecord Carcass Weights Won’t Stop Record Prices
Situation Carcass weights began to climb during the first quarter of 2024 as Midwest cattle feeders held cattle to replace the weight lost during severe weather
Read MoreBrazil Weaves Past U.S. as World’s Top Cotton Exporter
In September, I wrote a Quarterly Outlook titled “Brazil Is Cotton’s Heir Apparent” that described the merits of Brazil overtaking the U.S. as the world’s largest
Read MoreThe Rising Cost of Inventory in 2024
Situation: The realities of “higher for longer” interest rates have significantly added to the cost to carry inventory (inputs and outputs like grains). At the same
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