The July Ag Economists’ Monthly Monitor shows weather extremes and wild swings in the commodity markets are the two biggest factors impacting short-term outlooks, but the economists surveyed express a more favorable view longer-term. The latest survey also shows the biggest wildcard for agriculture over the next year could be geopolitical risks tied to China and the war in Ukraine.

How have land values increased in your state? Farmers National Company recently released its June 2023 figures for 18 states and stacked them up to June 2021 and June 2022 values.

Packers and cattle feeders spent the week in a standoff ahead of USDA's dual July reports that were bullish as expected, suggesting a 3% decline in cattle inventories and a 2% decline in cattle on feed inventories.