USDA’s 2017 PDI Report USDA released the 2017 annual Meat Animals Production, Disposition, and Income (PDI) report today. It showed cash receipts from marketing off cattle and hogs totaled $88.4 billion with cattle accounting for approximately three-quarters of that value and hogs about one-quarter. Receipts were up 11 percent from hogs and pigs versus 2016 and 6 percent from cattle and calves. The PDI report also breaks down inventory changes and marketings of cattle and swine
The big feedlot states have the most inshipments, led by Nebraska, Kansas and Texas (in that order). This has basically been the trend for a decade, but with drought conditions in 2017, the percentage of total inshipments has increased for Nebraska and Iowa...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
