Wheat: Projected 2017/18 U.S. wheat supplies are decreased this month on lower production, down 21 million bushels to just over 1.7 billion bushels. The August NASS production forecasts for durum and other spring wheat indicated a significant decline compared to last year, primarily due to continued severe drought conditions affecting the Northern Plains. Partially offsetting this decrease is higher winter …
WASDE Report Shows Increase in Livestock and Poultry Production
The U.S. Department of Agriculture released their May World Agriculture Supply and Demand Estimates (WASDE) report this week, and in the Livestock, Poultry, and Dairy section, it notes that total red meat and poultry production for 2018 is projected to be higher than 2017 due to an increase in livestock and poultry production. Cattle placements during second half 2017 and …
March WASDE Report Released This Week
The U.S. Department of Agriculture released its March World Ag Supply and Demand Estimates (WASDE) report. This month’s 2016/2017 U.S. corn outlook is for increased corn used to produce ethanol and reduced feed and seed use, leaving ending stocks unchanged from last month.
February WASDE Report Released This Week
The U.S. Department of Agriculture released its February World Ag Supply and Demand Estimate (WASDE) report this week.