US farm finances and credit conditions continued to weaken in the second quarter of 2025. According to the Federal Reserve’s 10th District Survey of Agricultural Credit Conditions, the region’s farm income and loan repayment rates declined at a pace similar to recent quarters, a Kansas City Federal Reserve Bank release said. Deterioration in agricultural credit … Read More
KC Fed President Optimistic About Economy
Tuesday, Kansas City Federal Reserve Bank President Jeff Schmid spoke at the Southern Economic Development Council’s annual conference in Oklahoma City. In his remarks, he provided an outlook for the US economy and monetary policy. A summary of his remarks IS provided here. SCHMID OPTIMISTIC Overall, he was optimistic when it came to … Read More
USDA Lowers 2025 Red Meat, Poultry Production Estimate
The USDA’s latest forecast for 2025 red meat and poultry production was reduced from last month, in the monthly World Agricultural Supply and Demand Estimates report Tuesday. BEEF PRODUCTION SEEN DOWN The beef production forecast for this year was lowered 262 million pounds, or 1.00%, to 25.926 billion pounds from 26.188 billion last … Read More
June Kansas Feedlot Closeouts Mixed
Kansas feedlot closeouts in June were up from May but less than June 2024 and less than the 2019-2023 average, according to data collected by the Kansas State University Extension service and compiled by the Livestock Marketing Information Center in Denver. The K-State Extension service collects feedlot performance data from select feedlots around the state … Read More
Managed Money Trims Net Long Live Cattle Position
Large commodity index funds, called managed money, again trimmed their collective net long live cattle futures position in the week ended Tuesday as cattle owners increased their total net short position. That was according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS WHITTLE NET LONG CATTLE POSITION Tuesday, … Read More
June Pork Exports Bounce; Beef Drops
Exports of US pork bounced back in June, finishing the first half of 2025 on a high note, according to data released by the USDA and compiled by the US Meat Export Federation. Beef export volume was the lowest in five years, due in part to China’s failure to renew registrations for the vast majority … Read More
Many Possible Reasons For Lackluster Beef Markets
Expana reported Wednesday that USDA choice and Certified Angus Beef markets were dull with many buyers seemingly on the sidelines. The question was, though, what are the buyers waiting for? Were they wanting some clear direction from consumers, lower wholesale prices from beef packers, or are they cutting back on feature plans for the upcoming … Read More