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Get an update on the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: RightRisk.org/news.
MOST OF THE TWELVE Federal Reserve Districts reported little or no change in economic activity since the prior Beige Book period—the four Districts that differed reported modest growth. Nationally, agriculture is setting up for a good-yields, weak-prices harvest: most districts expect strong or record crop production, but corn and other row-crop prices at or below break-even are squeezing margins and cash flow. That strain is partly cushioned by historically high cattle prices—amplified by tight supplies after the suspension of Mexican cattle imports—making livestock the relative bright spot…
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