The Word Agricultural Supply and Demand Estimates (WASDE) report marginally increased the forecast for total red meat and broiler production by 0.1 percent compared to the November forecast, which itself was up 0.4 percent from October.
Pork was lowered on lighter carcass weights; broilers are up on the supply of birds, pace of slaughter, and hatchery data. Beef production is up on heavier slaughter weights and the current pace of slaughter, which has been running strong for the past three months. For next year, beef is forecast down dramatically, mostly from lower cow slaughter and fewer heifers in the mix, while pork is up. Both beef and pork forecasts for 2023 are unchanged from November. Broiler meat is forecast up for t...
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...
