Crop, Livestock and Farm Policy Outlook from AFBF18

Market Intel / January 9, 2018

Credit: Steven Polunsky / CC BY 2.0 

Market Outlook at Convention

Each year American Farm Bureau Federation brings in expert crop and livestock market specialist to provide their outlook for the upcoming year. In case you missed it, today's Market Intel provides the slides that were presented to the membership in attendance in Nashville. 

In 2018, Dr. Keith Coble, the Giles Distinguished Professor and Department Head, Agricultural Economics Department, Mississippi State University and James Robb, Director and Senior Agricultural Economist, Livestock Marketing Information Center provided members their outlook for the 2018 agricultural economy. 

Crop Outlook and Farm Policy

Dr. Keith Coble reviewed the supply and demand fundamentals for major field crops including corn, soybeans, wheat, cotton and rice for both U.S. and foreign markets. Following the crop outlook, Dr. Coble discussed several key topics for the 2018 farm bill debate that may impact commodity and crop insurance programs.  

Dr. Coble’s slides are found below.

Livestock Outlook

Mr. Robb provided an overview of cattle and hog markets in the United States along with a brief look at competitive meats. Mr. Robb has over 25 years’ experience forecasting prices and production for livestock markets and his unique perspective on the next one to three years in these ever-changing markets is of timely interest in this challenging farm economy.

Mr. Robb’s slides are found below. 

Contact:
John Newton, Ph.D.
Chief Economist
(202) 406-3729
jnewton@fb.org
 
Katelyn McCullock
Economist
(202) 406-3600
 

Share This Article

 

According to USDA’s Dec. 10, Federal Grain Inspection Service report, total soybean export inspections are at 521 million bushels, down 42 percent from 2017/18 marketing year inspections, representing a 374-million-bushel decline.

Full Article
 

In October 2018 the U.S. set an unwelcome record, hitting—by a few billion dollars--the largest goods trade deficit in history. Admittedly, the Commerce Department’s Dec. 6 report reflects only preliminary estimates for the month and is certainly subject to revision. The report also includes seasonal adjustments that can bounce numbers around and the data are nominal dollars, so there is no adjustment for inflation, but…

Full Article