In preparation for its Outlook Conference next week, USDA released its 2016-25 baseline outlook today, which indicates growth in a number of areas. USDA Releases Long-Term Outlook In preparation for its Outlook Conference next week, USDA released its 2016-25 baseline outlook today. A top line look shows:
Beef cow numbers rise from 29.7 million head at the start of 2015 to more than 33 million toward the end of the projection period. The total cattle inventory rises from 89.8 million head to more than 97 million. Hog numbers rise from 67.77 million head at the beginning of 2015 to 72.23 million by 2025. Young chicken flocks grow from 40.2 billion in 2015 to 45.26 billion by 2025. As production increases, consumption of red meat and p...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
