June’s Purdue University-CME Group Ag Economy Barometer indicated improving sentiments driven by producers’ more optimistic view on a number of indexes.
Celebrating the 4th of July with a cookout will cost significantly more than two years ago, although prices have fallen slightly from record highs in 2022.
Yesterday, the Farm Credit Administration released its quarterly report addressing economic issues affecting agriculture on the Farm Credit System.
While biofuel demand contributes to rising price of soy oil-based foods, soy availability drives animal protein cost down, offsetting Consumer Price Index.
A quarterly report by the FSA outlined significant economic issues for ag producers in the last quarter including inflation, inputs, and drought.
With Thanksgiving approaching quickly and numerous reports on the price of turkeys coming out, USDA has weighed in on the issue.
The Purdue University-CME Group Ag Economy Barometer index declined 5 points to 112 from September which was 5 points lower than a month earlier. Weaker sentiment regarding current conditions was the primary driver of this month’s decline in the barometer — Current Conditions Index declined to 109, 9 points lower than in August.
The centerpiece of most Thanksgiving dinners – the turkey – could reach record highs at the grocery store this holiday season.
Inflation hit a 40-year high in June, slowing slightly in July 0f 2022. Simply put, people are getting poorer. But, it’s not just low to-middle class America that’s hurting; it’s the upper class and rural America too.
According to Walmart’s quarterly earnings report, sales grew more than 8 percent, attributing this growth to more high-income shoppers. Over 75 percent of the gains came from customers whose households earn more than $100,000 per year. But, what about rural residents and the American farmer?
The Purdue University/CME Group Ag Economy Barometer fell another two points in June, to a reading of 97. Farmer’s sentiments for the future remain low.