2023 Cattle Imports From Mexico Up, Down From Canada

USDA data showed US cattle imports from Mexico rose sharply last year while those from Canada declined. The data, released by the USDA and compiled by the Livestock Marketing Information Center in Denver, also showed that cattle imports from the US’ two closest trading partners fell short of record years.   IMPORTS COULD INCREASE   … Read More

Lower Returns For Cattle Industry This Year

In early February the USDA’s Economic Research Service estimated lower returns for the farm sector in 2024. Matthew Diersen, risk and business management specialist at South Dakota State University, said in a Livestock Marketing Information Center letter called In The Cattle Markets, that the cattle sector, aggregating everything from cow-calf operations through feedlots, was expected … Read More

Funds Advance Net Long Cattle Position

Managed money, a proxy for large commodity index funds, advanced their collective net long live cattle futures position during the week ended Tuesday. The weekly Commitments of Traders report from the Commodity Futures Trading Commission Friday also said hedgers increased their total net short position in the CFTC-reporting week.   MANAGED MONEY BUYS CATTLE   … Read More

Agriculture Census Shows Farm Numbers Down; More Newcomers

The US Department of Agriculture’s National Agricultural Statistics Service Tuesday said the 2022 Census of Agriculture showed a continued decline in the total number of US farms but a rise in new and beginning producers. The survey is conducted every five years and this latest survey collected move than 6 million data points.   WHAT … Read More

Rising Interest Rates An Issue For Farmers In 2024

In Wednesday’s newsletter, a Federal Reserve Bank article about the health of farmland in the Federal Reserve’s 10th district, economists mentioned the specter of rising interest rates coming against farmland values. Today, Federal Reserve Bank Economist for the Kansas City Bank Ty Kreitman, expanded on that subject, saying high interest rates could challenge total farm … Read More

Tenth District Farmland Values Resilient

Agricultural real estate values in the Federal Reserve’s 10th district remained resilient through the end of 2023.  However, capital spending slowed alongside higher rates and lower farm income. The 10th Federal Reserve district encompasses Wyoming, Colorado, northern New Mexico, Oklahoma, Kansas, Nebraska and western Missouri. A report by Federal Reserve Economists Cortney Cowley, Jannety Mosley … Read More

2023 Pork Exports Set Value Record; Beef Ends Strong

Led by a record-shattering performance in Mexico and broad-based growth in other markets, US pork exports set a value record in 2023, according to year-end data released by the USDA and compiled by the US Meat Export Federation. While 2023 beef exports were less than the record totals posted in 2022, December exports were the … Read More