Despite record high yields from corn and soybeans in today’s WASDE, the forecast for red meat and broiler production in 2025 was reduced slightly from the August report. Both beef and pork production were down, while broiler production was up.
For 2025, beef was down on lower fed cattle slaughter and lower cow slaughter in Q3 and Q4 quarter. Likewise, pork production is reduced based on a slower rate of slaughter for Q3 and Q4 and lighter dressed weights for the third quarter. For 2026, beef production was raised slightly from last month, with yearly production down 336 million pounds to 25.49 million pounds, based on higher fed cattle slaughter. Pork production was held steady from last month and the annual total was 813 milli...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
