Today’s WASDE increased beef, pork, and broiler production forecasts slightly, but across the board – all less than one-half percent. Compared to the pre-COVID March forecasts, however, beef is down 1.7 percent, pork down 2.8 percent, and broilers down 3 percent.
All species are up based on increased slaughter, and for beef the forecast includes “higher expected slaughter of fed and non-fed cattle.” Through September, cow slaughter is down from the same period as last year, but as a percent of slaughter beef cows are up from 2019, while dairy cows are down.
High milk prices have reduced dairy cow culling and cow slaughter. The September herd numbers show dairy cows at 33,000 head more than the...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
