A quick rundown on the particulars for meat and livestock in USDA's baseline projections shows per capita meat consumption rising entirely due to chicken.USDA is conducting its Industry Outlook Conference this week and released its baseline projections for 2014-2023 last week. A quick rundown on the particulars for meat and livestock shows per capita meat consumption rising entirely due to chicken. Total per capita rises to 214 pounds by 2020 versus 203 pounds in 2014. That is still well below the 2004-2007 average peak of 221 pounds. The specifics of per capita consumption by 2020 are projected as follows:
Beef remains near 52 pounds, compared with 53 pounds in 2014. Pork remains near 49 pounds, compared with 47 pounds in 2014. Chicke...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
