Today’s Word Agriculture Supply and Demand Estimates (WASDE) report marginally increased its forecast by 0.2 percent for total red meat and poultry production compared to the August forecast. Only turkey production was down – up to 44 million birds have been culled due to HPAI.
Beef, pork, and broiler production were all revised up slightly. Broiler production is rebounding on higher chick placements and egg sets. Both beef and pork production are forecast up on slaughter volumes but are held back from larger increases by lighter slaughter weights. The pace of slaughter is picking up steam. The last week of August was the highest of the year, and last week’s Labor Day slaughter was the largest in more...
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...
