CattleCon24 in Orlando and Ag Equipment Downward Trend
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**CattleCon24 in Orlando, January 31 thru February 2, will include a half-day Grazing Management Workshop with experts sharing the benefits of pasture and grazing management, assessing pasture conditions, forage growth, and other topics.
Oxford University professor, Dr. Myles Allen will be the keynote speaker at the Sustainability Forum.
He will demystify climate impacts from cattle production and equip producers with the knowledge and resources to effectively speak about cattle’s role in the climate conversation.
**USDA says export sales of corn and wheat dropped week-to-week for the week ending December 14.
Corn sales were reported just over 1 million metric tons, down 29% from the previous week and 33% from the four-week average.
Wheat sales totaled nearly 323,000 metric tons, 78% below the prior week and 51% below average.
Mexico and Japan were the biggest buyers for both.
**The ag equipment market began a downward trend last year and dealers worry 2024 might be their roughest year since COVID in 2020.
The new “Dealer Business Outlook and Trends Report” shows a significant drop in optimism in new and used whole goods revenue forecasts, but parts and service forecasts record highs.
There is some hope based on healthy farm financials and commodity prices, but how much cash farmers will bring into the new year remains in question.
