Cash receipts for livestock and crops in 2024 are estimated at $11.3 billion, a 4% increase over 2023. Cash receipts for milk, Idaho’s leading agricultural commodity, were estimated to be 11% higher than 2023. Those for potatoes, Idaho’s highest revenue crop, were estimated to be 6% lower than 2023.

The September Feed Outlook report shows the 2024-25 U.S. coarse grains supply is relatively unchanged. This month’s outlook is for marginally higher supplies and slightly tighter stocks.

As we near the feedlot fall run and cow-calf producers market their calves at the highest prices received to date, every additional pound of gain has greater profit potential.

The August Feed Outlook report shows the 2024-25 U.S. coarse grain production forecast is lowered by 1.1 million tons to 396.4 million. Despite a 1% decline in harvested corn area, yield gains boost corn production prospects by 47 million bushels.

The July Feed Outlook report shows an increase to U.S. corn production to lift the 2024-25 feed grain supply projection. The supply forecast is 449.9 million metric tons this month, up 2.1 million metric tons from the June WASDE forecast.

Curious George. Yes, the little monkey from children’s books who was rescued by “The Man in the Yellow Hat.” That is what kids at school liked to call me – and no, it wasn’t because I was always getting into trouble but because when your last name is George that is where the creativity of kindergartners ends.