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: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
