Data from the Illinois Farm Business Farm Management Association showed that from 2012 to 2021, grain farms generally had the strongest ratio of working capital to gross farm revenue.  Cattle and hog farms were more variable, said a study by the Illinois Farm Business Farm Management Assn., published by Farmdocdaily. Overall, working capital to Gross … Read More

As late as last week, 2022 US feed grain production was expected by the USDA to be slightly higher than last month’s estimate, reflecting higher planted acreage for corn in the June 30 Acreage report, according to the USDA’s July Feed Outlook report. US corn production was raised 45 million bushels on expectations of increased … Read More

After two weeks of declines in their collective net long live cattle futures position, large commodity index funds, known as managed money, stepped up and increased their position in the week ended Tuesday. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday in which it also said commercial traders … Read More

An IMF blog by Kristalina Georgieva listing how the G20 can respond to a darkening economic outlook was an interesting read.  Here is a shortened version.   When the G20 last met in April, the IMF had just cut its global growth forecast to 3.6% for this year and next.  Since then, several predicted risks … Read More

While global pork exports were expected to suffer a setback in 2022, the outlook is increasingly grim, said the USDA’s Livestock and Poultry: World Markets and Trade report Tuesday. This month, 2022 China imports were revised downward nearly 1.4 million tonnes from the April forecast to about half of 2021 levels because of moderate recovery … Read More

The USDA’s World Agricultural Outlook Board lowered its estimate of 2022 red meat and poultry production slightly from last month as lower pork and broiler production estimates are offset by higher beef and turkey production forecasts. The 2023 red meat and poultry production forecast was raised from last month as higher pork production forecasts more … Read More

US beef exports set new volume and value records in May, topping $1 billion for the fourth time this year, according to data released by USDA and compiled by the US Meat Export Federation. While pork exports were well below last year’s, shipments were the largest of 2022 in volume and value, a release by … Read More