Lower cattle, milk and crop prices are impacting credit conditions in the Federal Reserve Bank of Dallas region (covering all or portions of Texas, New Mexico and Louisiana), according to a fourth-quarter 2015 ag bankers survey.
Midwest and Midsouth farm income and quality farmland values continued to decline during the second quarter of 2016, according to the latest Agricultural Finance Monitor published by the Federal Reserve Bank of St. Loui
Warmer than normal temperatures dominated the Midwest last week, and despite some thunderstorm in the High Plains, drought conditions have intensified. Cattlemen are culling herds and dipping into hay supplies.
Corn market participants often dismiss U.S. crop condition scores as meaningless, especially this early in the season. While they are still highly subject to change, the initial rating sets the tone for the growing seas