USDA’s semi-annual cattle report will be issued on Friday. The outlook calls for the cattle herd to be 86.4 million head, down from 86.7 million head last January, making it the seventh consecutive decline since 2019 and putting the cattle herd down 2 percent from the previous low point in 2014.
In July, USDA released its first estimate of the 2025 calf crop based on spring calving results, at 33.1 million head—down 429,000 head, or 1.3 percent, from the previous year. Current estimates would put it at 33.3 million head, still down about 230,000 head, or 0.7 percent, year over year. The liquidation that occurred from 2021 through 2023 has resulted in a younger, and potentially healthier, herd. With calves as valuable as they ha...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
