USDA Raises Q4 2019 Beef Production Estimate

The USDA’s Economic Research Service Thursday said in its monthly Livestock, Dairy, and Poultry Outlook that its fourth-quarter 2019 beef production estimate was adjusted upward by 15 million pounds to 7.0 billion from the December report, raising estimated annual production to 27.2 billion pounds.   NON-FED SLAUGHTER UP SHARPLY   The increase was based on … Read More

USTR Gives Snapshot Of Phase 1 Trade Deal

It looks like US agriculture was the main beneficiary of the “Phase 1” agreement with China that was signed Wednesday. With the signing, the US Trade Representative’s office published a fact sheet about what was in the trade agreement.  The pact requires structural reforms and other changes to China’s economic and trade regime in the … Read More

Kansas Feedlots Sell More Cattle To Packers

The number of cattle sold to beef packers from Kansas feedlots in November rose from the seasonal low in October but continue to run less than a year ago. The information came from data accumulated by the Kansas State University Extension Service in a monthly survey of selected feedlots around the state.  The data was … Read More

US Livestock Could Capitalize On ASF-Reduced World Supplies

Livestock markets this year look to capitalize on reduced world protein supplies associated with African swine fever in Asia, according to Todd Hubbs, agricultural economist at the University of Illinois, in a presentation at the Illinois Farm Economics Summit in December. Hubbs said he expected robust exports through the year.  Domestic meat demand also remains … Read More

USDA Cuts 2019 Red Meat, Poultry Production Estimate

The USDA’s Office of the Chief Economist Friday reduced its estimate of 2019 total red meat and poultry production to 50.203 billion pounds from 50.246 billion last month as lower forecasts for pork and turkey production more than offset predictions of higher beef production. The forecasts came in the USDA’s monthly World Agricultural Supply and … Read More

2020 Corn Acreage Could Be Up: Economists

An early look at crop budgets for 2020 indicates a shift back toward greater corn production is likely, suggesting acreage could be pushed back above 90 million, said Purdue University agricultural economist James Mintert and Purdue associate professor Mindy Mallory in a 2020 outlook. Combined with a possible return to trend-line yields this year, that … Read More

Pork Exports Soar As Beef Lags

US pork exports posted the largest month on record in November, easily reaching new highs in volume and value, while the month’s beef exports were below November 2018 totals, according to data released by the USDA and compiled by the US Meat Export Federation.   PORK EXPORTS SURGE   Pork exports surged to 259,812 tonnes … Read More