The following information is a Web Extra from the pages of Farm Journal. It corresponds with the article "Economic Assessment." You can find the article in Farm Journal's 2013 Early Spring issue.
Read AgWeb's coverage of USDA's Agricultural Outlook Forum:
Drought Conditions Cease in Eastern Corn Belt
The historic 2012 drought is far from over, but it has at least subsided in parts of the country.
USDA Forecasts Another Tough Year for Dairy
But feed prices are expected to decline as new-crop corn and soybeans are harvested later this year.
U.S. Cattle Herd Continues to Contract
Record-high feed prices will stick around most of this year, which will continue to put the squeeze on an already suffering livestock industry.
Low Prices Hit Farm Belt: Growers Get More Crop, Less Cash
Prices for corn and soybeans will fall this year on record production, easing food inflation while providing less cash for growers recovering from drought.
CME Concerned Over Sequestration Impact on Livestock Futures
The cuts could impact the physical delivery and cash settlement mechanisms of certain CME livestock and dairy products.
Sequestration Imperils Agriculture Programs, Vilsack Warns
The U.S. agriculture secretary delivered that message Thursday at his department’s Agricultural Outlook Forum 2013.
USDA Economist: Sharp Drop in Commodity Prices Coming
Commodity prices will fall "significantly" in 2013 due to strong corn and soybean production in 2013, but the weather remains a wild card.