According to a new report (.pdf) from CoBank, a sharp decline in the number of dairy heifers available to replace older cows exiting the U.S. dairy herd could limit meaningful growth in milk production. The number of dairy replacement heifers has fallen almost 15 percent in the last six years to reach a 20-year low. While the global demand outlook …
CoBank: U.S. Economic Slowdown Likely Ahead
The U.S. economy continues to defy gravity and remains strong despite lingering inflationary pressures, higher borrowing costs and a barrage of other headwinds. However, looming risks to the economy are increasing in number and size. CoBank’s Knowledge Exchange says the full impact of monetary policy actions–raising interest rates, quantitative easing and contracting the money supply–have yet to be felt. Those …
CoBank: Rising Meat Prices Will Test Consumer Demand
U.S. consumer demand for meat at the retail level remains exceptionally strong despite rising prices caused by increased production costs and supply chain challenges. A new CoBank report says that may change soon. Once the full effect of increased costs of producer price inflation shows up in the retail meat case, demand will get tested. “Retail meat prices will remain …