Today’s Word Agriculture Supply and Demand Estimates (WASDE) report marginally increased its forecast by 0.2 percent for total red meat and poultry production compared to the August forecast. Only turkey production was down – up to 44 million birds have been culled due to HPAI.
Beef, pork, and broiler production were all revised up slightly. Broiler production is rebounding on higher chick placements and egg sets. Both beef and pork production are forecast up on slaughter volumes but are held back from larger increases by lighter slaughter weights. The pace of slaughter is picking up steam. The last week of August was the highest of the year, and last week’s Labor Day slaughter was the largest in more...
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...
