# Agriculture in the Tenth District Feels Initial Effects of Pandemic
        
        
        
        - Federal Reserve Bank of Kansas City

> The Kansas City Fed reports that Tenth District agricultural credit conditions weakened in the first quarter of 2020, with farm income falling sharply. Beyond the survey, meatpacking disruptions and slower ethanol production pushed cattle and corn cash prices down more than 20 percent since January.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: report · region Tenth District · magnitude medium
- Page: https://feedsoft.ai/events/53279-agriculture-in-the-tenth-district-feels-initial-effects-of-pandemic-federal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Reduced ethanol output and packing disruptions weigh on corn and cattle demand, pointing to lower feed-grain and cattle prices and tighter farm finances.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-29 | [Ministry of Agriculture and Rural Affairs of the People's Republic of China](https://feedsoft.ai/events/41840-ministry-of-agriculture-and-rural-affairs-of-the-people-s-republic-of-china.md) | -7.1% | -3.2% |
| CORN | 2024-02-06 | [US Department of Agriculture grain report hits Australian prices \| The Land \| NSW](https://feedsoft.ai/events/31626-us-department-of-agriculture-grain-report-hits-australian-prices-the-land-nsw.md) | -1.7% | +0.3% |
| CORN | 2020-04-17 | [Federal Reserve-Observations on the Ag Economy-April 2020 - ProAg](https://feedsoft.ai/events/6056-federal-reserve-observations-on-the-ag-economy-april-2020-proag.md) | -0.9% | -1.5% |
| CORN | 2024-04-16 | [USDA predicts lower crop prices for key commodities in 2024 \| Agriculture Dive](https://feedsoft.ai/events/30684-usda-predicts-lower-crop-prices-for-key-commodities-in-2024-agriculture-dive.md) | -0.3% | +3.3% |
| CORN | 2019-09-10 | [Federal Reserve: Observations on the Ag Economy- August 2019 - Farm Policy News](https://feedsoft.ai/events/6596-federal-reserve-observations-on-the-ag-economy-august-2019-farm-policy-news.md) | +6.7% | +9.3% |
| LCATTLE | 2018-04-21 | [Beef Market Update: Strong basis prompts cattle feeders to remain current - RealAgriculture](https://feedsoft.ai/events/65639-beef-market-update-strong-basis-prompts-cattle-feeders-to-remain-current.md) | +3.1% | -6.5% |
| LCATTLE | 2019-04-18 | [Beef Market Update: USDA Cattle on Feed, calving season, and dry pasture conditions on the Prairies - RealAgriculture](https://feedsoft.ai/events/5962-beef-market-update-usda-cattle-on-feed-calving-season-and-dry-pasture.md) | -0.3% | -8.9% |
| LCATTLE | 2017-02-13 | [Cattle Industry Still in Expansion Mode, at Least for Now - Center for Commercial Agriculture](https://feedsoft.ai/events/72633-cattle-industry-still-in-expansion-mode-at-least-for-now-center-for-commercial.md) | +1.1% | +3.0% |

## Sources

- kansascityfed.org: https://www.kansascityfed.org/agriculture/ag-credit-survey/agriculture-tenth-district-feels-initial-effects-of-pandemic-20200513/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.