The joint OECD/FAO annual Agricultural Outlook report issued yesterday says that global meat consumption will grow by 12 percent over the coming decade (2020-2029). They also predict that half the increase in consumption will occur in poultry due to its lower cost. However, USDA’s forecast for global meat trade over that same period shows a larger gain for pork. The OECD/FAO forecasts that real prices for beef will decline the most over the period, though pork and poultry prices will also decline. Meat consumption is at a low point this year due to COVID-19 and African Swine Fever. The latter problem maybe why USDA sees stronger growth for pork trade than for poultry. Either way, the OECD/FAO correctly notes that forecasts invo...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
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Illuminating the value of technical research
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