The US inventory of all hogs and pigs on Sep. 1 was down about 1% from a year ago, according to the USDA’s Quarterly Hogs and Pigs report. Additionally, the number of pigs born in the June-August quarter was down, even though the pigs saved per litter was up since the number of sows that … Read More
Frozen Beef Stocks Mixed; Pork Inventories Decline
Frozen US beef stocks on Aug. 31 went up from a year earlier but were down from July 31, while frozen pork inventories were down from last month and from last year, the USDA reported in its September Cold Storage report Friday. Chicken supplies in cold storage were up from last year but were down … Read More
Farm Bank Debt Growing
Farm debt at commercial agricultural banks continued to grow at a moderate pace in the second quarter, said Ty Kreitman, Kansas City Federal Reserve Bank economist, in a Bank publication. According to Reports of Condition and Income, growth in farm debt remained considerably stronger at banks most concentrated in agricultural lending compared with other banks, … Read More
USDA Reports Grocers Meandering To Seasonal Meat Products
Heading into the Labor Day holiday weekend, the USDA said all retail meat prices continued to climb, the Livestock Marketing Information Center reported. All fresh beef prices averaged $9.18 a pound, pork was $5.00 a pound, and the broiler composite was $2.49 a pound, corresponding to year-over-year increases of 12.6%, 2.2% and 1.9%, respectively. … Read More
USDA Has “Aggressive” Plan For Ag Exports
Last week, Secretary of Agriculture, Brooke Rollins and Under Secretary for Trade and Foreign Agricultural Affairs, Luke Lindberg, announced an aggressive three-point plan that is intended to support American agricultural producers and exporters, a USDA release said Tuesday. “President (Donald) Trump is putting American agriculture first by negotiating fair, reciprocal deals that benefit US producers, … Read More
FAS: China Chicken Production, Consumption Growing
In an annual report, the USDA’s Foreign Agricultural Service in Beijing, China, forecast 2025 and 2026 chicken production to be up from previous estimates. 2025 PRODUCTION UP For this year, the difference is a revision upward as higher-than-anticipated supply in the first half of the year reflected producer optimism for expanded consumer demand, … Read More
Funds, Commercials Cut Net Long, Short Cattle Positions
Managed money and commercial traders cut their respective net long and net short positions in the week ending Tuesday, according to the weekly Commitments of Traders report Friday. The weekly Commitments of Traders report is published by the Commodity Futures Trading Commission weekly listing the respective commitments of different types of futures traders on the … Read More