Broilers Under Short Term Pressure Meat demand remains steady with production. USDA’s forecast ending stocks for the fourth quarter of 2019 remains relative unchanged from the ending stocks in 2018 though beef production is up 0.1 percent, broiler production is up 3 percent and pork production is up 4.2 percent. Stocks are measured in the chart below by the weekly average production for the year.
Broilers are facing short term pressure, however. The growth in consumption that has helped keep stocks in check has been a result of bearish prices moving volumes.
This has especially been the case for breast meat prices which are now trading at multi-year lows. The current market is also influencing 2020 contracts from processo...
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...
