Latest News Summary
Kansas City Fed: U.S. Agricultural Economy Generally Strong, as Demand for Livestock Loans Grew in Third Quarter
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 grew in the third quarter, boosting agricultural lending activity at…
Recent News Summaries
China Emerges as the Third-Largest Market for U.S. Beef, and Remains a Key Factor in U.S. Pork Exports
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, an increase of 57 million pounds, or 21 percent, from…
Ballooning Fertilizer Prices and Production Cost Considerations Gain Scrutiny
Bloomberg writers Kim Chipman and Elizabeth Elkin reported late last week that, “Skyrocketing fertilizer prices could lead U.S. corn profits to drop by about a quarter next year, potentially motivating farmers to shift millions of acres into less cost-intensive soybeans.”
Federal Reserve: Observations on the Ag Economy- October 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 U.S. agricultural economy.
As U.S. and China Reengage on Trade, China Remains Far Behind on Phase One Targets
Bloomberg writer Ailing Tan reported this week that, “China’s goods imports from the U.S. have only reached about 53% of the $200 billion worth of additional products and services it promised to buy under the trade deal signed last year,…
From Retail Grocer to Commodity Production Inputs, Supply-Chain Knots Persist
Bloomberg writers Brendan Case, Leslie Patton, and Kim Chipman reported this week that, “In Denver, public-school children are facing shortages of milk. In Chicago, a local market is running short of canned goods and boxed items.”
Fertilizer Exports from China Face Curbs, as Crop Acreage Levels Garners Attention
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 inflation.”
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