Today is the 2025 USDA Outlook Conference, a fitting time to look at commodity forecasts for the upcoming year. Below is USDA’s outlook for the livestock and products commodities. The National Agricultural Statistics Service (NASS) cattle report was released on 31 January, showing the total of all cattle and calves on 1 January 2025 was estimated at 86.662 million head, about 500,000 fewer than the previous year. This marks the sixth year of contraction for aggregate beef and dairy cattle inventories and the 11th year overall of the current cattle cycle, which is the cyclical expansion and contraction of the national cattle herd over time. The cycle is influenced by the combined effects of cattle prices, input costs that drive c...
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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...