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As we progress into the latter half of 2024, the U.S. wine market is still mired in a multiyear funk. There was relatively little change in
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Ag Insights
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Are Bad Vibes Hurting Domestic Almond Shipments?
Situation Robust almond shipments in the 2023/2024 crop year have reduced carryover and bolstered pricing, driven largely by exports while domestic shipments have lagged. A key
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A Soft Season for California Strawberries
It’s likely that the overall return for growers will remain muted this season. Situation California strawberry profitability has been challenged this season by a combination of
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Pork Production Trends: What to Expect in Q4
The industry has seemingly put the brakes on herd reduction and more market-ready pigs are finding their way to slaughter than I and other analysts expected.
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Will the Bear’s Grip on Soybeans Ease?
The Global Soybean Revolution The U.S. is poised for record-breaking soybean yields if the USDA’s September World Agricultural Supply and Demand Estimates (WASDE) are realized. Production
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Will Milk’s Price Strength Persist Into Q4?
2024 is shaping up to be a remarkable year for dairy profitability. After a spiritless start, an early-spring surge in prices seemed too good to last.
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Cautious Optimism in the Almond Market
Situation Given the high levels of inventory in recent years, there is concern that a large 2024 almond crop could keep the grower price below breakeven.
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How a Farm Worker Built a Family Business – Peña’s Pecans
In a sun-drenched valley near the U.S.-Mexico border, palm trees wave in the breeze and pickup trucks line the parking lot at a pecan nursery that…
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Beef Price Affordability Not as Bad as Prices Suggest
By Dave Weaber, Senior Animal Protein Analyst, and Don Close, Chief Research & Analytics Officer In last month’s article, we explored the resilience of consumers in
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Strong Beef Demand in 2024 Is a Win for Dairy Producers
By Dave Weaber, Senior Animal Protein Analyst Beef demand so far in 2024 has been nothing short of amazing, bolstering the strong beef cattle prices that
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Strong Beef Demand in 2024: A Win for Dairy Producers
“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
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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
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Winescape: 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
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Market 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
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Supply 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
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Effects 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)
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Beef 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
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In Pursuit of the Perfect Almond – Travaille and Phippen
The journey of an almond from a sunny California orchard to a grocery store shelf often begins at a family-owned operation like Travaille and Phippen in…
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News 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
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Three 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
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