The United States Department of Agriculture (USDA) released its October 1 Cattle on Feed Report October 22. Cattle and calves on feed in feedlots with a capacity of 1,000 or more head totalled 11.6 million head, down one per cent year-over-year. This is the second highest October 1 inventory since the series began in 1996…. Read More
U.S. soybean yields and ending stocks will be larger than the trade was expecting, according to the U.S. Department of Agriculture’s October supply/demand report. Based on the reaction in the futures market, the USDA’s October numbers, released Tuesday, were bearish for soybeans, somewhat bearish for corn, and bullish for wheat. The average American soybean yield… Read More
Surprises were few and far between in the U.S. Department of Agriculture (USDA)’s September World Agricultural Supply and Demand Estimates (WASDE) report on Friday. The major figures were largely in line with pre-report estimates. On the yield side of things, U.S. corn and soybeans came in just slightly above trade estimates. Corn was estimated at… Read More
The most recent estimates of the U.S. corn and soybean crops are in, and the numbers are slightly lower than anticipated. Significant drought in a large area of the U.S. is dragging down the United States Department of Agriculture’s projected average corn yield, now pegged at 174.6 bu/ac down from 179.5 bu/ac a month ago…. Read More
The deadly pig disease that has devastated China’s hog herd has been found in the Dominican Republic, according to the U.S. Department of Agriculture’s Foreign Animal Disease Diagnostic Laboratory. The USDA confirmed the presence of African swine fever (ASF) in the Caribbean country on July 28. The discovery fuels concerns about the disease, which does… Read More
The USDA projected tighter-than-expected wheat supplies for the 2021-22 crop year in its July World Agricultural Supply/Demand Estimates (WASDE) report released on Monday. Most of the other key figures in the report for the big three crops — corn, soy, and wheat — were in line with expectations, with yield projections left unchanged from June…. Read More
Much of the oxygen surrounding agriculture in the United States-Mexico-Canada Agreement has been used on dairy, but expect wheat to gain increased attention in the coming weeks if some U.S. farm groups get their way. Newly reappointed U.S. Secretary of Agriculture Tom Vilsack has mentioned USMCA enforcement and wheat several times in recent speeches, and… Read More
It appears the Biden and Trudeau governments are seeing many issues through a similar lense so far, especially when it comes to fighting climate change, enabling diversity, and a belief in science. Tuesday morning, Canadian Minister of Agriculture and Agri-food Marie-Claude Bibeau and USDA Secretary Tom Vilsack met virtually, to discuss the importance of the… Read More
There were no big surprises in the USDA’s February supply/demand report on Tuesday, although it had a slightly bearish tone thanks to a lower-than-expected corn export estimate. U.S. corn ending stocks for 2020-21 were reduced by 50 million bushels compared to the January report on a 50 million bushel increase in exports driven by China…. Read More
The November WASDE report from the United States Department of Agriculture led to some green on the screen on Tuesday as markets reacted positively to the news of higher corn exports and lower than predicted production. For U.S corn, production is pegged at 14.507 billion bushels, down 215 million from the last report, following a… Read More
The USDA boosted its yield estimates for corn and soybeans in its August World Agricultural Supply and Demand Estimates (WASDE). While the report was generally thought of as bearish, both corn and soybean futures ended the trading day on Wednesday higher. The department’s first survey-based corn yield forecast comes in at a record 181.8 bushels… Read More
This is an unforgettable time in the cattle markets for ranchers and feedyards. The United States Department of Agriculture released its Cattle on Feed report for April 1, and the results are close to expectations and would be considered bullish in a “normal” market. In the United States, total cattle on feed is down 5… Read More
United States Department of Agriculture Secretary Sonny Perdue held a press conference at the National Cattlemen’s Beef Association convention this week in San Antonio, Texas, to talk about the U.S. government’s work on trade, dairy access, and more. As one of the biggest supporters of U.S. President Donald Trump’s agenda, Secretary Purdue boasted about the… Read More
The USDA released its latest cattle on feed report for December 1, 2019. Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totalled 12 million head, that’s up 2% year-over-year. Placements in feedlots during November totalled 2.09 million head, 5 per cent… Read More
With U.S. Democrats agreeing to changes on the USMCA, there is now a path for the agreement to seek ratification in all three countries. After the deal was announced, the Minister of Agriculture and Agri-food Marie Claude Bibeau and USDA Ag Secretary Sonny Perdue spoke about the agreement on the phone, with Bibeau later taking… Read More