Nate Kauffman with the Federal Reserve Bank of Kansas City gives an update on the uncertainties facing agriculture and provides information on the macroeconomic developments in the agricultural industry and how it relates to the hog market.
Timestamps:
0:00 - Introduction with Bill Even, NPB CEO
0:26 - Introduction with Nate Kauffman, Federal Reserve Bank
1:44 - Outlook Themes
2:43 - Interest Rates and Inflation
6:58 - Agricultural Commodity Prices
8:05 - U.S. Farm Income
9:02 - Export Activity
10:05 - Farm Income and Prices Related to Land Values
12:05 - Economic Growth
13:53 - Commodity Prices and Profit Margins
15:26 - Consumer Spending
16:39 - Labor Market
18:18 - Looking Ahead at Economic Activity
20:24 - Concluding Thoughts