USDA will release its Quarterly Hogs and Pigs report on Thursday. Below are analysts’ estimates for the report.
The biggest change since the 1 March report is the number of market hogs, which is expected to be up 1.1 percent from what was implied in March. The percent increase in hogs weighing more than 180 pounds is even higher, according to analysts, at 1.3 percent, which jibes with the weekly slaughter pace for June to date. For July and August, the pre-report estimate shows a 1 percent increase compared to the 0.3 percent and 0.5 percent, respectively, reported in March. That is slightly bearish all around. The pigs per litter over the past five years have increased by 1 percent from March through May compared with the December t...
What You Need to Know Today: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
