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Lower supplies, higher prices in latest USDA beef outlook

Lower supplies, higher prices in latest USDA beef outlook

Recent trends within the industry have continued in the latest USDA beef production and price forecasts as part of the July meat outlook. USDA World Agricultural Outlook Board Chair Mark Jekanowski says with another month of tightening supplies, the projected steer prices are on the rise. Jekanowski explains that lower numbers in the steer and heifer slaughter for this month have lowered the beef production forecast. That was USDA World Agricultural Outlook Board Chair Mark...

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June soybean outlook from USDA features small changes

June soybean outlook from USDA features small changes

The June WASDE report is typically moved on from quickly because of the importance of the reports at the end of the month. On June 30th the USDA will release the Planted Acreage and Quarterly Grain Stocks reports which will have the potential to move the markets...

EPA biofuel proposal boosts soybean oil demand outlook

EPA biofuel proposal boosts soybean oil demand outlook

A proposal by the Environmental Protection Agency to increase renewable fuel blending requirements through 2027 is drawing strong reactions across the agricultural sector and boosting expectations for soybean oil demand. The proposal would raise Renewable Fuel...

Boozman renews commitment to more farm aid

Boozman renews commitment to more farm aid

Senate Ag Chair John Boozman renewed his commitment to more farm aid during a committee hearing this week. Despite acknowledging USDA’s earlier $12 billion in farm aid as a big push for the industry, Boozman pointed out the need for more to be done to stop the...

New markets emerge across Southeast Asia

New markets emerge across Southeast Asia

Southeast Asia is becoming one of the most promising growth regions for U.S. grain exports. Rising populations, expanding economies, and a growing middle class are creating new demand for livestock feed, food ingredients, and transportation fuels across the region....

Lower supplies, higher prices in latest USDA beef outlook

New World Screwworm influence in the ag markets

The initial reaction in the ag marketplace to the first detection of New World Screwworm in a calf in south Texas in early June was a bit surprising to many market analysts. Generally, a negative headline can send the markets to the downside in a dramatic way, at...

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Costs going higher in 2027

Costs going higher in 2027

USDA's latest Commodity Cost and Returns report shows production expenses are expected to climb for every major crop in 2026 as global energy and fertilizer market disruptions continue to ripple through agriculture. The report follows months of volatility tied to...

Year-round E15 legislation is still in trouble

Year-round E15 legislation is still in trouble

There are more warning signs that year-round E15 legislation is in trouble. Michigan Democratic Senator Elissa Slotkin told USDA Secretary Rollins at a recent hearing that strong influence from interest groups is stalling year-round E15. According to Slotkin, there is...