The July monthly export data show both beef and pork down from year-ago levels but up from June. Compared to June, beef exports were up 36 percent in volume and 9 percent below July 2019. Pork exports were up 7 percent over June but 5 percent below year-ago levels. July was the lowest month since October 2019 for pork export volumes to China, but the demand outlook remains strong approaching the holiday season through the end of the year. For the first half of the year, beef exports are down, and pork is up, with values running just ahead of volumes.
Since March and the COVID outbreak, the average negotiated live hog price has dropped 38 percent as the backlog from packing plant slowdowns hasn’t been worked through com...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
