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: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
