The 2022 forecast for total US red meat and poultry production from the USDA’s World Outlook Board was lowered slightly from last month Wednesday, as higher forecast beef production was thought to be more than offset by lower pork, broiler and turkey production. The new estimates came from the monthly World Agricultural Supply and Demand … Read More

The USDA-Foreign Agriculture Service in Brazil revised down its 2021/22 forecast corn harvest to 113 million tonnes, compared with the USDA’s official estimate of $115 million, because of disappointing first-crop corn volumes, the agency said in a Grain and Feed Update report. Consequently, the corn export forecast also was lowered to 42 million tonnes from … Read More

The latest forecast by the Livestock Marketing Information Center shows the 2022 and 2023 total hay supplies could be down from last year to some of the lowest since records began in 1998. The middle of winter is as good a time as any to check on the nation’s hay supply.  To this end, the … Read More

Large commodity investment funds added to their collective net long live cattle futures position in the week ended Tuesday, as hedgers boosted their net short position, according to data from the Commodity Futures Trading Commission Friday. The raw data was contained in the CFTC’s weekly Commitments of Traders report.   FUNDS TAKE LARGER LONG CATTLE … Read More

US winters can be harsh, and keeping cattle healthy becomes more labor intensive as the mercury drops.  Cattle may struggle to put on weight or maintain their normal level of milk production. But cattle can thrive in the winter if they are cared for properly, according to an article from Zareba, a Canadian livestock enclosure … Read More

Boxed beef prices are falling this week as beef packers ramp up production with almost a full staff, but product demand is lacking seasonally, market sources said. Food service beef demand has been especially limp, according to Urner Barry.  This is in contrast to what seemed to be happening last week as beef demand picked … Read More

Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined six points to a reading of 119, its second-lowest reading since July 2020, said Purdue Agricultural Economist James Mintert, in a release. The Ag Economy Barometer is calculated each month from 400 US agricultural producers’ responses to a telephone survey.  This … Read More