Your Pro Farmer newsletter (July 30, 2022) is now available

Your Pro Farmer newsletter is now available... Weather is becoming a greater concern as dryness is spreading, especially in the northwestern Corn Belt. Forecasts call for a return of the blocking high pressure ridge over the Plains and western Corn Belt this week, which will stress crops in those areas. USDA’s Cattle Inventory Report showed the U.S. cattle herd contracted another 2% as of July 1 and signaled numbers will continue to tighten. That paints a stronger price picture for cattle through next year. Meanwhile, the cash hog market continues to firm, signaling market-ready supplies might not be as plentiful as thought. On the economic front, the U.S. economy contracted again in the second quarter but the Fed continued to raise interest rates in its battle against inflation. We take a look at potential impacts to farmland values and rental rates in our News page 4 feature. We cover all of these items and much more in this week’s newsletter, which you can download here.