USDA's May series of reports will be released this Wednesday. These represent its first attempt to project the supply/demand estimates for MY 2017/18 and are important for several reasons.USDA will release its monthly series of reports this Wednesday, 10 May. These are important for several reasons:
The May reports are USDA’s first attempt to project the supply/demand estimates for MY 2017/18. The biggest question regards what yield estimates will be used. With most of the seed still in the bag, it is a real guess at this point. The assumption is USDA will use a high estimate following the record yields of the past two seasons. It is also interesting to note that the U.S. drought monitor map is basically clear of any drought regions or 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...
