AgWest Farm Credit has released its quarterly Market Snapshot reports covering the state of major agricultural commodities in its northern region. AgWest’s team of highly skilled researchers and industry experts gather market information from various sources to deliver consolidated commodity-specific insights. All Market Snapshots are posted online and available for download at agwestfcs.com/industry-insights. 
AgWest’s 12-month outlook for specific agricultural commodities summarized below:
Cattle
The cattle outlook suggests slightly profitable returns for cow/calf producers and cattle feeders in 2023. A tighter beef supply supports strong cattle prices, with the USDA forecasting an 8% increase in fed-steer prices. Persistent drought has created national headwinds for the cattle industry. Improvements in moisture conditions will benefit Northwest cattle producers. 
Dairy
The dairy profitability outlook suggests slightly profitable returns. Demand will soften as economic uncertainties hinder domestic consumer spending, and less international trade puts downward pressure on global prices. Dairy margins will be squeezed tighter by weakening milk prices and volatile production expenses.
Forest Products
The outlook anticipates forest products manufacturers and timberland owners as profitable. Drivers include steady log markets, tight transportation capacity, indefinite mill production curtailments in British Columbia and falling log demand from China. 
Hay
The outlook for hay suggests profitable returns. Projected reductions in hay and grass production due to drought and lower national on-farm inventory supports strong hay prices in 2023. Demand from exporters and producers rebuilding hay inventories support profitable returns for hay producers. 
Small Grains
The outlook for small grains and pulse crops suggests slightly profitable returns. The 2022 Northwest wheat and pulse crops improved following drought recovery, but the national winter wheat crop was the smallest since 1970. Wheat producers are in a solid financial position to withstand tighter margins driven by high production costs and softening wheat prices.
This isn't their entire report, we just pulled out items in our local area.