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September 1, 2024
2024 Ag Lenders Conference Presentations
Demand
Nominal vs Inflation‐Adjusted REALLY matters
Quarterly Forecasts (LMIC: 9/11/24)
Data Source: Livestock Marketing Information Center … 4.3
Quarterly Forecasts: Cattle (LMIC: 9/11/24)
Data Source: Livestock Marketing Information Center
Live … 2018 2021 2024
Mil. Head
JANUARY 1 BEEF COW INVENTORYU.S., Annual
-2.5 …
September 30, 2024
matters
Quarterly Forecasts (LMIC: 9/11/24)
Data Source: Livestock … Forecasts: Cattle (LMIC: 9/11/24)
Data Source: Livestock … 2018 2021 2024
Mil. Head
JANUARY 1 BEEF COW INVENTORY
U.S …
October 1, 2024
matters
Quarterly Forecasts (LMIC: 9/11/24)
Data Source: Livestock … Forecasts: Cattle (LMIC: 9/11/24)
Data Source: Livestock … 2018 2021 2024
Mil. Head
JANUARY 1 BEEF COW INVENTORY
U.S …
September 26, 2024
matters
Quarterly Forecasts (LMIC: 9/11/24)
Data Source: Livestock … Forecasts: Cattle (LMIC: 9/11/24)
Data Source: Livestock … 2018 2021 2024
Mil. Head
JANUARY 1 BEEF COW INVENTORY
U.S …
December 5, 2024
2018 2021 2024
Mil. Head
JANUARY 1 BEEF COW INVENTORY
U.S … calves 10 calves
C-P-54
11/25/24
$275
$311
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JAN … difference in returns
(KFMA top 1/3rd vs bottom 1/3rd …
February 21, 2025
GT sees as probable, market‐relevant start in 2026
Beef Demand
•Reasonably Robust Run / Uncertainty Growing in 2025
Quarterly Forecasts (LMIC: 2/11/25)
Data Source: Livestock Marketing Information Center … 3.3 6,883 1.1
Year 31,833 -3.1 …
March 5, 2025
GT sees as probable, market‐relevant start in 2026
Beef Demand
•Reasonably Robust Run / Uncertainty Growing in 2025
Quarterly Forecasts (LMIC: 2/11/25)
Data Source: Livestock Marketing Information Center … 3.3 6,883 1.1
Year 31,833 -3.1 …
August 1, 2024
General Sessions
Ago
2023I 8,317 -1.1 820.5 -1.8 6,824 … 2018 2021 2024
Mil. Head
JANUARY 1 BEEF COW INVENTORYU.S., Annual
-2.5 … Head
Data Source: USDA‐NASS
Livestock Marketing Information Center
BEEF COWS THAT CALVED JANUARY 1, 2024(1000 Head)
Livestock …
March 7, 2025
2025
Quarterly Forecasts (LMIC: 2/11/25)
Data Source: Livestock … 3.3 6,883 1.1
Year 31,833 … Forecasts: Cattle (LMIC: 2/11/25)
Data Source: Livestock …
February 1, 2008
Water Policy
Profit.................................................. 11
Analysis of Water Savings … informational purposes Table 11 provides data on gross daily … center pivot irrigation, and 11,954 acres (approximately …