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WASHINGTON, DC – Nearing the end of the year, the November 9th World Agricultural Supply and Demand Estimates (WASDE) Report paints a good picture of how the 2021/2022 outlook is shaping up. U.S. corn outlook is for greater production, increased corn used for ethanol and marginally lower ending stocks. The soybean outlook for 2021/22 is […]
WASHINGTON, D.C. – The USDA has cut 2021 beef, pork, and turkey production estimates, while raising the outlook slightly for broilers. Beef production is seen at 27.742 billion pounds, down 130 million on the month due to slower steer and heifer slaughter and lighter carcass weight expectations, with an average steer price of $122.20 per […]
WASHINGTON, DC – WHEAT: The outlook for 2021/22 U.S. wheat this month is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. The all wheat yield is 45.8 bushels per acre, […]