The USDA’s Economic Research service says their latest projections for crop and livestock cash receipts in 2020 tell two different stories.
The ERS expects total cash receipts for animal and animal products to decrease almost six-percent, or 9-point-7 Billion dollars.
ERS Senior Economist Carrie Litkowski says that would put them at their lowest value since 2009 when prior values are adjusted for inflation, “Receipts for cattle, calves, dairy, broilers and hogs are all expected to decline in 2020 because of lower prices.
