Today’s WASDE increased its beef production forecast slightly over March’s estimate based on first half of the year feedlot placements which will result in more beef production in the second half of the year. Pork production is lowered slightly based on second half of the year production; the latest Hogs and Pigs report showed a lower than expected pig crop and lower than expected farrowing intentions for March-May of this year.
Hog prices are forecast down due to light demand, broiler prices were raised due to strong demand. Inflation at the retail meat case is still a factor. However, beef demand remains strong, supporting prices. USDA again raised the annual average fed cattle price to $164.50/cwt...
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...
