A quick rundown on the particulars for meat and livestock in USDA's baseline projections shows per capita meat consumption rising entirely due to chicken.USDA is conducting its Industry Outlook Conference this week and released its baseline projections for 2014-2023 last week. A quick rundown on the particulars for meat and livestock shows per capita meat consumption rising entirely due to chicken. Total per capita rises to 214 pounds by 2020 versus 203 pounds in 2014. That is still well below the 2004-2007 average peak of 221 pounds. The specifics of per capita consumption by 2020 are projected as follows:
Beef remains near 52 pounds, compared with 53 pounds in 2014. Pork remains near 49 pounds, compared with 47 pounds in 2014. Chicke...
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...
