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Ag outlooks in area are impacted by record U.S. corn yield

 


Expectations of a record U.S. corn crop are impacting the outlook for Pacific Northwest agriculture. Falling corn prices are lowering feed costs for cattle and dairy producers. Beef cattle prices rallied, while milk production is expected to increase. Wheat prices are being pressured lower, caught between weaker corn prices and a record-breaking world wheat crop. Hay prices are generally susceptible to the direction of corn markets, but shortage of high quality alfalfa is likely to keep a solid floor under hay prices.

The following highlights depict the general health of select industries included in Northwest Farm Credit Services’ Knowledge Center Market Snapshots.

Beef—Cattle market...



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