Volatility in Live Cattle futures rises to its highest level since December. Oliver Sloup discusses. Learn More: https://www.cmegroup.com/markets/agri...
Source: USDA
Anticipated percent changes in 2024 red meat, poultry, and dairy exports compared with 2023
U.S. export forecasts for red meat, poultry, and dairy for 2024 compared to actual export data from 2023 are presented below in a percent-change format....
Source: Government of Alberta
“Feed barley prices have moderated, a disappointment to producers holding unpriced barley in storage and a relief to livestock producers who have been feeding relatively expensive barley in recent years,” says Neil Blue, provincial crops market...
Source: Statistics Canada
Farm cash receipts totalled $98.6 billion in 2023, up 3.6% (+$3.4 billion) compared with 2022.
Livestock receipts and crop receipts increased, while program payments fell. Livestock receipts were up primarily because of gains for cattle, while crop receipts had mixed results. A drop...
By Ryan Hanrahan, University of Illinois' FarmDoc project
The United States Department of Agriculture this week raised its fiscal year 2024 agricultural export and import forecasts by $1 billion each, holding steady its estimate of a $30.5 billion U.S. ag...
Source: FCC, Graeme Crosbie Senior Economist
Higher processor demand and still-low butter stocks are setting the stage for more milk production from Canadian dairy farmers in 2024. This, combined with strong culled cow/calf prices and stabilizing – though still high – input...
Source: USDA
The milk production estimate for 2024 is lowered from last month; lower expected yield per cow more than offsets higher expected milk cow numbers. Wholesale price forecasts for 2024 have been increased for Cheddar cheese, dry whey, butter,...
Source: USDA news release
USDA's Economic Research Service (ERS) forecasts that U.S. net cash farm income (NCFI), defined as gross cash income minus cash expenses, will decrease by $42.2 billion (25.8 percent) to $121.7 billion in 2024 in inflation-adjusted dollars....
A sharp decline in the number of dairy heifers available to replace older cows exiting the U.S. dairy herd could limit any meaningful growth in domestic milk production over the next few years. The number of dairy replacement heifers...
Source: Government of Alberta
“The seasonal pattern of barley prices implies that there should have been a price recovery following harvest, but that has not been the case,” says Neil Blue, provincial crops market analyst with the Alberta government.
Figure 1....
