Today’s Word Agricultural Supply and Demand Estimates (WASDE) report marginally increased its forecast for total red meat and poultry production compared to July’s forecast. Beef and broiler production were revised up, while pork (and turkey) were revised down.
Broiler production is expected to increase in Q4 based on hatchery data. That will weigh on broiler prices but given strong domestic consumer demand for broiler meat as shoppers economize their protein choices at the grocery store, broilers remain priced well above last year when consumer expenditures were heavily focused on beef.
Hog slaughter in Q3 is slower than what was expected, which has been reflected in hog prices. The chart below sho...
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...
