U.S. economy and inflation to slow in 2024; crop prices to dip again
Interest rates and inflation will slow in 2024, along with the U.S. economy overall, projected the Agriculture Department on Tuesday in an outline of farm sector conditions in the new year. Farm-gate prices for the three major field crops—corn, soybeans, and wheat—would fall for the second year but remain above pre-pandemic levels while market prices for cattle and hogs go up.