USDA’s meat trade data for April were released this week, and global beef demand remains exceptionally strong, despite all the various hurdles and challenges in the market. April was the fifth highest export total on record and monthly exports accounted for 15.6 percent of all production. It also marked the third month out of four months so far in 2022 where U.S. beef exports topped $1 billion in value. Part of that peak is higher prices, but also it is being driven by volume.
Last week, WPI looked at how domestic demand would hold up this summer under high retail prices and inflation across the economy squeezing consumers’ pocketbooks. As reported, the Kansas State University Meat Demand Monitor (MDM) survey showed a little...
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...
