Most eyes on today’s WASDE were looking at the crop side since this is a critical month with harvest underway. However, there were a few items of interest in the meat and livestock sections of the report. Beef and pork production were up slightly based on broiler production being revised down from last month.
Overall, the WASDE comports with the trends and developments WPI has reported on. Beef production was adjusted based on higher bull and cow slaughter in Q3; most of that cow slaughter has come from dairy culling, a trend we noted to watch back in July. Milk cows on dairy farms were 13,000 head lower in July compared to July of last year. Milk production per cow in July was down 9 pounds based on hot weather in key produ...
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...
