Georgia Peanut Farm Show & Conference and NASS Data Shows 2% Drop in Cattle
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Georgia peanut growers attending the 47th Annual Georgia Peanut Farm Show & Conference recently at the University of Georgia Tifton Campus had a total immersion in all things peanuts.
www.morningagclips.com reports about 100 exhibitors displayed the equipment, products and services they offer to help growers produce their peanut crop.
More than 1,000 people turned out for the one-day event that the Georgia Peanut Commission sponsors every year.
www.morningagclips.com/georgia-peanut-show-includes-awards-crop-farm-bill-updates/
**USDA's National Ag Statistics Service released the Cattle report showing a 2% decline in U.S. cattle inventory.
The report shows 87.2 million head of cattle and calves on U.S. farms as of January 1st.
Of that, all cows and heifers that have calved totaled 37.6 million.
There are 28.2 million beef cows in the U.S., also down 2%.
The number of milk cows decreased slightly to 9.36 million.
**A new Farm Journal poll of ag economists shows most expect lower commodity prices, along with the outlook for higher costs, to weigh on the ag industry in 2024.
Ag economists' forecast for prices of all crops and livestock shifted lower compared to the December survey.
The January survey found economists' views on NET farm income also took a turn, with the survey average falling to $135 billion for 2024.
