Q2 Farm Income, Credit Worsen: Federal Reserve Bank

Farm income and credit conditions in the Federal Reserve Bank’s tenth district deteriorated further in the second quarter, said a release from the Federal Reserve Bank of Kansas City. The Federal Reserve Bank’s tenth district encompasses Colorado, Missouri, Kansas, Nebraska, New Mexico, Oklahoma and Wyoming. Low commodity prices and concerns about the effects of the … Read More

USDA Trims Fat From 2020 Total Meat Production Estimate

The monthly 2020 USDA forecast for total meat production was lowered slightly from last month as decreases in pork production more than offset higher beef and poultry production. The monthly World Agricultural Supply and Demand Estimates report from the USDA’s Office of the Chief Economist showed that higher beef production largely reflected a faster pace … Read More

Kansas Feeders Sell Fewer Steers In June

June’s sales to beef packers from Kansas feedlots declined counter seasonally from May and came to a point that was lower than last year and the 2014-2018 average for the month. The information came from a Kansas State University Extension Service survey of selected feedlots across the state.  This data then was compiled and extrapolated … Read More

Funds Keep Buying Cattle Futures

Large commodity investment firms, called managed money in the trade, extended their collective net long live cattle futures positions in the week ended Tuesday, Aug. 4, for the third straight week. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. Managed money’s new long live cattle position last Tuesday … Read More

June Pork, Beef Exports Down

June pork exports fell below year-ago levels for the first time this year but first-half shipments remained on a record pace for 2020, according to data released by the USDA and compiled by the US Meat Export Federation. June beef exports were down sharply from a year ago, reflecting the lingering effect of slower production … Read More

Farm Lending Slows With COVID, Pessimistic Outlooks

Farm lending slowed alongside the initial effects of the pandemic and a more pessimistic outlook for agricultural economic conditions, said a release from the Federal Reserve Bank on Kansas City’s Omaha, Neb., branch. The volume of total non-real estate farm loans continued into a year-long trend of declines during the second quarter of 2020, the … Read More

Beef Demand Hinges On Macroeconomics: Economist

Consumer beef demand going forward will depend largely on the larger economy and the status of economic support in the wake of pandemic disruptions, said Oklahoma State University Agricultural Economist Derrell Peel in a letter to Extension agents called Cow/Calf Corner. The economy was wracked like never before in the first half of the year, … Read More