The U.S. Department of Agriculture (USDA) published its May World Agricultural Supply and Demand Estimates (WASDE) report on Friday. Wheat futures rose between 10 and 30 cents following the report, with the global wheat outlook for 2023/24 featuring lower supplies, trade, consumption, and ending stocks compared with 2022/23. Global production is forecast at a record… Read More
Tag: United States Department of Agriculture
The U.S. Department of Agriculture (USDA) has published a proposed rule with new regulatory requirements that will change which meat, poultry, and egg products may carry a voluntary “Product of USA” or “Made in the US” label. While voluntary, the change could potentially revive Canada and Mexico’s trade dispute with the U.S. over country-of-orgin labeling…. Read More
The United States Department of Agriculture (USDA) released its biannual cattle inventory report, and it fell largely in line with expectations. With drought being a significant driver in parts of the U.S., the herd liquidation that has occurred over the past couple of years is continuing, confirming a tight supply picture going forward. According to… Read More
The U.S. Department of Agriculture (USDA) published its August World Agricultural Supply and Demand Estimates (WASDE) report on Friday. Looking globally, the USDA’s projected lower world ending stocks for wheat and corn, while soybeans saw an increase of 1.8 mmt. Of note, soybean production for China was increased on higher area cited in recent provincial… Read More
Scientists with the U.S. Department of Agriculture’s Agriculture Research Service (ARS), have announced that a vaccine candidate for African Swine Fever (ASF) has passed an important safety test required for regulatory approval, moving the vaccine one step closer to commercial availability. African swine fever is a highly contagious, viral disease of domestic and wild pigs, whose… Read More
As the ground thaws and the daylight hours get longer, many in the grain market had their eyes out for the annual United States Department of Agriculture (USDA) Prospective Plantings report on March 31. And there were some surprises in the report. U.S. corn acres were estimated at 89.5 million acres, which is down 4… Read More
New research suggests that a vaccine for African swine fever virus could be available soon. The U.S. Department of Agriculture’s (USDA) Agricultural Research Service (ARS) announced Sept 30 that a vaccine candidate for the highly contagious hog disease has been shown to prevent and effectively protect European- and Asian-bred swine against the currently circulating Asian… Read More
With prices at multi-year highs, all eyes in the grain market were on the United States Department of Agriculture’s (USDA) first report of the calendar year on Tuesday. And the reaction to the report did not disappoint. The futures market responded bullishly to the January World Agricultural Supply and Demand Estimates (WASDE), with old crop… Read More
Rounding out a year full of surprises, the United States Department of Agriculture’s (USDA) took the mostly predictable route with its final World Agricultural Supply and Demand Estimates (WASDE) report of the year on Thursday. The major figures in the December report were largely in line with the trade’s expectations. Soybean ending stocks were down… Read More
The United States Department of Agriculture (USDA) released its cattle on feed report for July 1st, and it fell closely in line with expectations, limiting any attempt at the market to be shocked. August Live cattle finished the day up at $0.475, and the week down $1.95, to close at $101.325. #Cattle on Feed Report:… Read More
The United States Department of Agriculture (USDA) is out with its monthly World Agricultural Supply and Demand Estimates (WASDE). It appears as though corn is back as king, with the department forecasting corn production at 13.9 billion bushels — that’s up 26 million from last month’s projection. The first yield forecast of the season, which… Read More