USDA’s 2017 PDI Report USDA released the 2017 annual Meat Animals Production, Disposition, and Income (PDI) report today. It showed cash receipts from marketing off cattle and hogs totaled $88.4 billion with cattle accounting for approximately three-quarters of that value and hogs about one-quarter. Receipts were up 11 percent from hogs and pigs versus 2016 and 6 percent from cattle and calves. The PDI report also breaks down inventory changes and marketings of cattle and swine
The big feedlot states have the most inshipments, led by Nebraska, Kansas and Texas (in that order). This has basically been the trend for a decade, but with drought conditions in 2017, the percentage of total inshipments has increased for Nebraska and Iowa...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...