A livestock economist says he’s watching what the USDA does with corn and soybean yields in this week’s upcoming Supply and Demand report. University of Missouri’s Scott Brown says there’s a lot of variability in crop conditions and development throughout the Corn... Read More.
The USDA made a slight downward adjustment for 2023 pork production, while increasing outlooks for beef, broilers, and turkey. Pork production is now pegged at 27.371 billion pounds, down 5 million from June due to slower second and third quarter slaughter projections, with an... Read More.
The USDA has increased its expectations for the 2023 winter wheat crop. Production is projected at 1.206 billion bushels, a jump of 6% from the June guess following a higher yield estimate, up 2 bushels per acre to 46.9, and 9% more than in... Read More.
The USDA has slashed its soybean production outlook while raising their guess for this year’s corn crop. The USDA has 2023 soybean production at 4.3 billion bushels, 210 million less than last month following the recent cut to the planted area total, down to... Read More.
The USDA increased its cotton production and ending stocks estimates. This year’s crop is now seen at 16.5 million bales, up 1 million from May, on a higher harvested area guess, now at 9.41 million acres, 700,000 higher, which canceled out a lower yield... Read More.