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Machinery and technology news briefs from the week of May 27, 2024.

The May Ag Economists’ Monthly Monitor found even with improved commodity prices over the past month, ag economists’ views on the net farm income picture slightly eroded, falling to $110.4 billion in May.

Grains recover after three down days. Is this recovery all technical and will it last? Darin Newsom, Sr. Market Analyst for Barchart, says wheat has the best chance with concerns about drought in HRW areas.

Grain markets have been softer for much of the week but have found their footing in the overnight and early morning trade. Will the strength hold into the weekend?

Cattle and grains end lower so was it end of month profit taking or a trend change? Scott Varilek, Kooima Kooima Varilek says cattle will recover but grains need a new weather story.

Cattle were lower for a second day with China news kicking in algorithm selling, while hogs bounce. Grains lower removing weather premium but Scott Varilek, Kooima Kooima Varilek, says it’s a possible top.

This is the third human case associated with the virus. Last week the U.S. Department of Health and Human Services announced a plan to produce 4.8 million doses of a vaccine for human use to counter H5N1.

The Fed noted, “Agricultural reports were mixed, as drought conditions eased in some districts, but farm finances/incomes remained a concern. Overall outlooks grew somewhat more pessimistic. . .

Farm CPA Paul Neiffer joined AgriTalk to break down the details of the Voluntary Carbon Markets Joint Policy Statement and Principles released by the Biden Administration.