Agriculture Shorts

The USDA forecast U.S. net farm income will drop 0.7% in 2026 compared to last year. Cash receipts for crops are forecast to be slightly higher, up 1.2%, and cattle receipts up 5.8%. Farm expenses are expected to rise 1% . . . Bloomberg reported Tyson’s beef business had an adjusted operation loss of $143 million in its first quarter, worse than analysts expected . . .  Forty farm and agricultural groups and have launched the Agricultural Coalition for the United-States-Mexico-Canada Agreement (USMCA) committed to the renewal of the trade agreement . . . PepsiCo is lowering the price of Doritos by 15% in a bid to spur consumer purchases.