Concerns about livestock prices took some air out of the Purdue/CME Ag Economy Barometer, pushing the new index down to 97 in May from April’s 106.
“The bottom line is that we ended an era and started a new one,” said Jerry Gulke, president of the Gulke Group in Chicago, speaking on Farm Journal Radio with Pam Fretwell. “We’ve ended 10 years of zero interest rates. ... That rodeo is over.”
“I have never seen livestock and grains in my lifetime as negative as they are right now,” said Jerry Gulke, president of the Gulke Group in Chicago and a farmer in Illinois, speaking with Farm Journal Radio after the report.
U.S. Agriculture Secretary Tom Vilsack said Wednesday that the USDA is running out of options on the country-of-origin labeling (COOL) dispute over beef.