Yesterday’s Word Agriculture Supply and Demand Estimates (WASDE) report marginally increased its forecast by 0.6 percent for total red meat and broiler production compared to the September forecast. Only turkey production was down slightly by 0.2 percent from September and down 6.4 percent year-over-year due to HPAI (as we covered here).
Pork was raised on higher slaughter over Q3; no changes were made for Q4 estimated slaughter. Beef production is up on heavier slaughter weights and the pace of slaughter, but given the slaughter volumes year-to-date, catalyzed by drought conditions that pulled placements forward, fed cattle supplies will start to contract in November and December, which should be bullish for cattle prices extendi...
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...
