Josh Maples, Assistant Professor & Extension Economist, Department of Agricultural Economics, Mississippi State University
Cattle markets through the first two months of 2024 have built upon the strong prices from 2023 and pushed even higher. Cattle auction prices are at...
Source: USDA
Anticipated percent changes in 2024 red meat, poultry, and dairy exports compared with 2023
U.S. export forecasts for red meat, poultry, and dairy for 2024 compared to actual export data from 2023 are presented below in a percent-change format....
Source: FCC
The average value of Canadian farmland continued its steady climb in 2023, increasing by 11.5 per cent, slightly less than the 12.8 per cent increase reported in 2022, according to the latest FCC Farmland Values Report.
“Farmland prices have...
By Ryan Hanrahan, University of Illinois' FarmDoc project
The United States Department of Agriculture this week raised its fiscal year 2024 agricultural export and import forecasts by $1 billion each, holding steady its estimate of a $30.5 billion U.S. ag...
Source: USDA
The semiannual Cattle report confirms historically tight supplies of cattle heading into 2024. Fewer calves are available than last year for placement in feedlots, although more than previously expected. As a result, anticipated fed cattle marketings have been...
Source: National Corn Growers Association
USDA released the Grains and Oilseeds Outlook this week providing an initial look at the 2024/25 marketing year projections that include lower production, greater domestic use, increased exports, and higher ending stocks as compared to...
Source: Agriculture and Agri-Food Canada news release
Agriculture and Agri-Food Canada has completed its farm income forecast for 2023 and 2024, with results showing that overall Canadian farm income is expected to have reached a new record in 2023.
The agriculture...
Source: Beef Farmers of Ontario
Prices are reported on a "per one hundred pound" basis, unless otherwise stated.
ONTARIO AUCTION SALES WEIGHTED AVERAGE PRICES
Ontario auction sales on Wednesday saw weighted average prices for:
Livestock
Range
Avg
Top Price
Large & medium frame fed heifers
217.09-243.94
228.49
253.00
Cows
108.47-154.28
127.15
198.99
Bulls under 1600...
Source: USDA
Farm Sector Profits Forecast To Fall in 2024
Net farm income, a broad measure of profits, is forecast at $116.1 billion in calendar year 2024, a decrease of $39.8 billion (25.5 percent) relative to 2023 in nominal (not adjusted...
Source: USDA news release
USDA's Economic Research Service (ERS) forecasts that U.S. net cash farm income (NCFI), defined as gross cash income minus cash expenses, will decrease by $42.2 billion (25.8 percent) to $121.7 billion in 2024 in inflation-adjusted dollars....
