Ag Economy: Generally Strong, Livestock Loan Demand Grew in 3rd Quarter – Kansas City Fed Oct 27, 2021

🕔Oct 27, 2021
In an update from the Federal Reserve Bank of Kansas City earlier this month (“Larger Livestock Loans Boost Farm Lending“), Nathan Kauffman and Ty Kreitman stated that, “Demand for livestock loans […]

Ag Trade: China Emerges as 3rd Largest Market for U.S. Beef, Key Factor in Pork Exports Oct 27, 2021

🕔Oct 27, 2021
In its October Livestock, Dairy, and Poultry Outlook report, the USDA’s Economic Research Service (ERS) indicated that, “U.S. beef exports in August set a new record of 325 million pounds, […]

Ag Economy: Oct. Observations from the Federal Reserve Oct 22, 2021

🕔Oct 22, 2021
On Wednesday, the Federal Reserve Board released its October 2021 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the […]

Fertilizer Exports from China Face Curbs; Crop Acreage Levels Garners Attention Oct 21, 2021

🕔Oct 21, 2021
Bloomberg News reported this week that, “Chinese authorities are imposing new hurdles for fertilizer exporters amid growing concerns over surging power prices and food production, a move that could worsen a global price shock and food […]

Ag Trade: China’s Pork Output Jumps, as Soy, Meat Imports Slow Oct 19, 2021

🕔Oct 19, 2021
Reuters writer Dominique Patton reported this week that, “China’s third-quarter pork production surged to its highest in three years, official data showed on Monday, after producers built thousands of large breeding farms last […]

Profitable Harvest, But Farmers Leery of Rising Production Costs, Parts Shortage Oct 19, 2021

🕔Oct 19, 2021
Des Moines Register writer Donnelle Eller reported this week that, “After last year’s destructive derecho, which flattened corn and stripped soybean across the state, better-than-expected yields and strong prices are making this harvest a profitable one […]

Ag Trade: Chinese Domestic Corn Prices Fall, U.S. Corn Exports Hit Record Volume Oct 19, 2021

🕔Oct 19, 2021
Reuters writers Hallie Gu and Gavin Maguire reported late last week that, “For the first time in a year, corn prices in China’s key Shandong hub this week have fallen to the same levels […]

Illinois: Implications of Higher Fertilizer Prices Oct 19, 2021

🕔Oct 19, 2021
On Thursday, Bloomberg writers Tatiana Freitas and Fabiana Batista reported that, “Brazilian farmer Antonio Carlos Jacobsen usually buys fertilizer a few weeks before planting his corn fields. Soaring fertilizer prices are pushing him to move […]

Livestock: Promising Vaccine Candidate for African Swine Fever Oct 13, 2021

🕔Oct 13, 2021
Bloomberg’s Mike Dorning reported last week that, “The U.S. Department of Agriculture has potentially found a vaccine to combat African Swine Fever [ASF], a disease that devastated hog herds in China and was […]

Ag Economy: Higher Crop Income Boosts U.S. Outlook, Energy Crunch Poses Ongoing Concerns Oct 12, 2021

🕔Oct 12, 2021
Crop Profits Bloomberg writers Michael Hirtzer and Kim Chipman reported this week that, “It turns out that 2021 was a pretty good year to be an American farmer. “After struggling through extreme weather, a […]

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