USDA released a trifecta of livestock reports today. First, the much-awaited quarterly hogs and pigs report. Pre-report expectations were for a bullish report – and those expectations were correct. Total inventory was 74.2 million head, or 96 percent of a year ago and 95 percent of 2019. Most all categories came in below analysts’ forecasts.
Farrowings from September to November were 3.01, or 95 percent of last year but right on the reported farrowing intentions from the last report in September, but below the pre-report expectations. June through November sow farrowings are 94 percent of the same period in 2020. Farrowing intentions for December to February are 2.94 million, that is slightly above last yea...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
