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Farmer sentiment improved modestly in October, as the Purdue University/CME Group Ag Economy Barometer rose 3 points to a reading of 129. The boost came primarily from stronger confidence among livestock producers, who continue to benefit from record-high profitability in the beef sector.
While optimism grew in the Index of Current Conditions, crop producers remain cautious, citing tighter margins and weaker profit expectations. The Index of Future Expectations held steady, suggesting farmers remain uncertain about what lies ahead. This month’s Ag Economy Barometer report highlights how diverging trends between livestock and crop sectors are shaping overall sentiment across U.S. agriculture.