Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
As the fight over President Donald Trump’s border wall continues, USDA reports are at a standstill. University of Missouri economist Scott Brown says no reports or fresh data may be bad news for the cattle markets.
As grain prices remain fairly stagnant, momentum is gaining in the cattle complex. Cattle futures at the Chicago Mercantile Exchange (CME) are on fire this week after hitting contract highs. It’s the livestock sector carrying agriculture’s balance sheet the latter half of 2017 - a trend that could continue to wrap up the year.
For most of his life, Bob Foote, owner of Foote Cattle Company in Kansas, has been in the cattle feeding business. Volatility is nothing new to him, but 2016 has been one of his most challenging years yet.