Using projected corn prices, feeding cost of gain was expected to decline to $114 per cwt in December from $142 in August, and then remain in the $103- to $112-per-cwt range for the first six months of 2024, said Purdue University Agricultural Economist Michael Langemeier, in a University release. It is important to note than … Read More

Between 2019 and 2022, the COVID-19 pandemic severely disrupted society and economic activity, said the Federal Reserve Bank in a release about its triennial Survey of Consumer Finances. Nonetheless, the SCF reveals broad-based improvements in family finances, particularly with respect to net worth. The Federal Reserve Board’s survey collects information about family income, net worth, … Read More

Most of the discussion involving input price changes in US production agriculture has focused on fertilizer prices, which have declined during the last few months, but other inputs have not necessarily experienced this decline, said Michael Langemeier, Purdue University agricultural economist, in a publication Tuesday. Each input used in production agriculture and in other industries … Read More

Boxed beef cutout values, as defined by the USDA, are caught in a range and holding at higher levels than last year or the 2017-2021 average, according to USDA data processed and published by the Livestock Marketing Information Center in Denver. Being caught in a range at this time of year is fairly common when … Read More

The October forecast from the USDA’s National Agricultural Statistics Service for 2023 red meat and poultry production was lowered from September, as higher beef and pork production was thought to be more than offset by lower broiler and turkey production. For 2024, the red meat and poultry production forecast was raised. The data was contained … Read More

The USDA’s Foreign Agriculture Service Thursday said that in 2024, EU pork, beef and chicken meat exports were forecast to account for 15% of global exports, marking a significant decline from 20% in 2019. In comparison, total Brazil pork, beef and chicken meat exports were forecast to increase from 20% to 26% during the same … Read More

Strategic risks threaten a farm’s ability to meet its long-term objectives and often cause a farm to rethink its long-run strategy. That was the assessment of Purdue University researchers Margaret Lippsmeyer, Michael Langemeier, James Mintert and Nathan Thompson, after analysis of farmer surveys of their agility, or ability to adapt to changes in the economy, … Read More