USDA’s 2017 PDI Report USDA released the 2017 annual Meat Animals Production, Disposition, and Income (PDI) report today. It showed cash receipts from marketing off cattle and hogs totaled $88.4 billion with cattle accounting for approximately three-quarters of that value and hogs about one-quarter. Receipts were up 11 percent from hogs and pigs versus 2016 and 6 percent from cattle and calves. The PDI report also breaks down inventory changes and marketings of cattle and swine
The big feedlot states have the most inshipments, led by Nebraska, Kansas and Texas (in that order). This has basically been the trend for a decade, but with drought conditions in 2017, the percentage of total inshipments has increased for Nebraska and Iowa...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...