The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower steer and heifer slaughter, plus lighter slaughter weights. Pork is pegged at 27.621 billion pounds, down 150 million pounds due to lighter dressed weights and a slowdown in slaughter. Finally, broiler production is projected at 49.72 billion pounds, up 100 million pounds due to higher slaughter and heavier weights, along with recent hatchery data. At the beginning of September, broiler-type egg sets were up slightly, at 0.5 percent year over year.
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What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
