Today’s Word Agriculture Supply and Demand Estimates (WASDE) report slightly lowered its forecast for total red meat and poultry production compared to June’s forecast. Broiler production and pork production were revised down, while beef was revised up.
Beef production will see higher slaughter in Q4 based on the inventory of cattle on feed; especially the large numbers of light weight cattle that were placed this spring. Broilers are still struggling from productivity issues, i.e., lower than normal hatchability rates that has now been about a year-long problem. Pork is down on a slower rate of slaughter and forecast lighter weights in the second half of the year. Year to date, slaughter is running 3.9 percent b...
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...
