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Kansas City Fed: U.S. Farm Economy Strong in First Half of the Year

In an update from the Federal Reserve Bank of Kansas City earlier this month (“Financing of Ag Production Loans Eases Further”), Nathan Kauffman and Ty Kreitman stated that, “Farm debt at commercial banks continued to ease in the second quarter.”

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Recent News Summaries

A Look at U.S. and EU Pork Exports, and Chinese Pork Demand

In its monthly Livestock, Dairy, and Poultry Outlook report last week, USDA’s Economic Research Service (ERS) stated that, “Pork exports in July were 508 million pounds, 8.5 percent lower than those of a year ago.”

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Ida Slows Soybean Export Pace, as China Looks to Brazil for Soy

Earlier this week, the USDA’s Economic Research Service noted in its monthly Oil Crops Outlook report that, “Hurricane Ida’s emergence in the Gulf of Mexico slowed the pace of exports near the end of August which is expected to continue…

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FAPRI: Higher Commodity Prices Contribute to a Sharp Increase in 2021 U.S. Net Farm Income

Earlier this week, the, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. farm income and government costs.

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Export Inspections of U.S. Grain Remain Low Post-Ida, as Cargill Restarted its Westwego Terminal on Monday

Reuters writer Karl Plume reported this week that, “U.S. grain exports slumped to their lowest level in years last week as shippers struggled to restart loading operations along the Louisiana Gulf Coast after Hurricane Ida flooded and damaged grain terminals…

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FAPRI Baseline Update- Focus on Corn, Soybeans- September 2021

Earlier this month, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. agricultural markets.

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China Corn Production at Record Level, as U.S. Expecting Second Largest Corn Harvest Ever

In its monthly World Agricultural Production report on Friday, USDA’s Foreign Agricultural Service (FAS) indicated that, “USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million metric tons (mmt), up 5.0 mmt or 2 percent from…

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