NWFCS Expects Little From Dairy, Cattle Industry In 2019

Northwest Farm Credit Services is out with its quarterly snapshot for local commodities.  We start our five part series today with Dairy and Cattle.

Bill Perry EVP of Lending and Insurance at Northwest Farm Credit Service said the outlook suggests slightly profitable returns throughout the beef industry.

“Bolstered by strong domestic and foreign demand. Stagnant growth in the national cow herd favors higher prices. Additional winter feed costs will hinder profitability.”

When it comes to the dairy sector, Perry said futures markets suggest unprofitable prices through the first half of the year.

“Higher prices in the latter half are expected to offset first-half losses. Northwest Farm Credit Services anticipates break-even returns for dairy in 2019.”

Join us Tuesday as we turn our attention to Cherries and Wine.

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com