Thursday, May 23, 2024

AFBF: coronavirus impacting dairy, cattle ranches and grain futures

Must read

WASHINGTON — From dairy farmers with nowhere to send their milk and cattle ranchers reeling from plummeting beef prices, the impact of the coronavirus is rippling through farm country. Corn, cotton and soybean futures have tumbled, ethanol plants have been idled, and some fruit and vegetable farmers are finding their best option is leaving produce in the field, the American Farm Bureau Federation notes.

Price forecasts for most agricultural products are bleak, said AFBF.  In the past month, dairy prices have dropped 26 percent to 36 percent, corn futures have dropped by 14 percent, soybean futures are down 8 percent and. . .

Register or Login to keep reading

Thank you for your interest in accessing the complete content. To continue reading, please register for free. By registering, you'll gain full access to our valuable resources, updates, and insights.

If you already have an account please Log In.

More articles

Latest article