The USDA’s forecast for 2020 total red meat and poultry production Tuesday was raised from last month on higher beef, pork and broiler production estimates. The data came from the monthly World Agricultural Supply and Demand Estimates report Tuesday. For 2021, the total red meat and poultry forecast was raised from last month as higher … Read More

Dec Chicago corn futures shot up by $0.15 ½ a bushel Tuesday to settle at $4.23 after the USDA’s World Agricultural Outlook Board released its November World Agricultural Supply and Demand Estimates report, dropping its ending stocks estimate to its lowest point in 21 years. Soybean futures also shot up, setting a new contract high. … Read More

The number of fed cattle sold to beef packers from an average Kansas feedlot in September declined seasonally from what may be the annual high in August. The data came from a monthly Kansas State University survey of select Kansas feed yards.  This data then was extrapolated and published by the Livestock Marketing Information Center … Read More

Large commodity investment firms, called managed money, reversed four weeks of selling live cattle futures and increased their collective net long position slightly during the week ended Tuesday. Commercial traders, or those who own the cattle and primarily use futures as a hedging tool, reduced their collective net short position in the same week. The … Read More

US September pork exports increased 10% year-over-year, keeping 2020 exports on a record pace, according to data released by the USDA and compiled by the US Meat Export Federation. Beef exports were fairly steady with last year in major Asian markets but trended lower overall, the USMEF said.   CHINA LEADS AS US PORK BUYER … Read More

The growing La Nina in the Equatorial Pacific is forecast to keep the southern US warmer and drier than normal through the winter, expanding dry and droughty conditions across the western half of the country. The weekly US Drought Monitor from the National Oceanic and Atmospheric Administration on Thursday showed that most of the western … Read More

The Purdue University/CME Group Ag Economy Barometer rose 27 points to a reading of 183 in October to set a record high, said Purdue University Agricultural Economist James Mintert, in a release about the barometer. Farmers were more optimistic about the future and current financial situations on their farms as the Current Conditions Index rose … Read More