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A new Ag Economists' Monthly Monitor survey of nearly 50 agricultural economists found most expect higher input costs to pressure farm finances through 2024. Economists differ on production, price and yield forecasts across commodities.
Stronger cattle prices and recent crop price gains were not seen as offsetting input cost concerns.
Rising production costs may curb livestock and crop producer expansion, a longer-term factor for feed demand and prices, though the survey itself does not directly move prices.
agweb.comJun 28, 2023After 37 past macro events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +2.4%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
