Today’s WASDE shows total red meat and poultry production finishing the year slightly below last month’s forecasts, though up 0.3 percent from 2020. This month’s forecast increased beef production on increased slaughter and heavier slaughter weights, increased pork based on slaughter, and decreased broiler production on hatchery and slaughter rates.
But as we covered last week, broiler production is expected to rebound next year based on broiler chick hatching intended for placement. For year-over-year production, the WASDE forecast for broilers is an increase of 1.7 percent, though WPI believes it could be higher, at least for the first half of the year. Beef production in 2022 is forecast to come in about 3 percent be...
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...
