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: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
