According to Kansas State University’s Meat Demand Monitor, the willingness to pay for meat in November versus October is down among five items monitored in the retail sector, led by pork chops, followed by ground beef and chicken breasts.
In food service, however, the willingness to pay increased for ribeye, ground beef, and chicken breasts, while pork chops were down; bacon is not covered under the food service demand survey. Further, only 15 percent of those surveyed indicate their household finances are better than last year which has led to more concern about prices in the grocery store. Consumers reporting their finances are the same was 45 percent, and those reporting worse financial circumstances was 40 percent...
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...
