![]() ![]() Optimism about positive returns for cattle producers, especially cow-calf operations, was likely a key factor behind the positive livestock outlook. In June, 50% of respondents said they expect 'good times' for livestock producers in the next 5 years, up from 37% in May. ![]() Producers improved perspective on the future was not focused solely on their own farms, but extended to all of US agriculture - for example, the percentage of producers expecting good times for US agriculture in the next 5 years rose 8 points to 33%, while the percentage of producers expecting bad times fell 3 points to 41%. The Farm Financial Performance Index also rose, up 10-points from May and was likely a result of a late-May to early-June rally in harvest time prices for corn and soybeans, as well as optimism towards positive returns for cattle producers. ![]() Meanwhile, only 32% expect their farm's financial situation to decline over the upcoming year, compared to 44% who said so in May. In June, 20% of respondents said they expected their financial condition to improve over the next year, compared to just 13% who said that in May. This month's survey was conducted between June 12-16, 2023. The Index of Future Expectations rose 25 points to a reading of 123, while the Index of Current Conditions held flat at a reading of 116 in June. The barometer, a nationwide measure of the health of the US agricultural economy, is calculated each month from 400 US agricultural producers' responses to a telephone survey. ![]() The Purdue University/CME Group Ag Economy Barometer index improved in June, rising 17 points to a reading of 121. Packaging & Packing Materials, Containers.Processing Equipment & Systems, Automation, Control.Filling & Packaging Equipment & Systems. ![]()
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