Farmer sentiment has climbed to a four-year high, largely driven by a more optimistic view of ag export prospects.
That is according to the May Ag Economy Barometer, which rose ten points higher than the previous month.
Dr. Jim Mintert with Purdue University spoke with RFD-TV’s Suzanne Alexander about contributing factors, free trade benefits, and Trump’s immigration policy.
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Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
Approximately 42,000 birds were affected in the outbreak, officials said.
Beef demand could be influencing other economic sectors, as consumers adjust spending habits to prioritize higher-priced beef products.