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CONAB makes minor changes to Brazil crop estimates

Brazil’s equivalent of the USDA trimmed its combined grain and oilseed production estimates. CONAB has combined crop production at 322.425 million tons, slightly less than the November guess following minor adjustments to planted area and yield projections, but still up 8.2% on the year...

USDA increases red meat, poultry estimates

The USDA has raised its 2024 and 2025 combined red meat and poultry production outlooks. For this year, beef was up from November on higher slaughter rates and average dressed weights, while the gains in poultry were mostly based on recent production data. 2024...

USDA beef, poultry production estimates up on month

The USDA raised most of its 2024 protein production projections. Beef is seen at 27.025 billion pounds, 25 million higher, on heavier dressed weights and a faster cow slaughter, with an average steer price of $186.68 per hundredweight, up $.50, and increases in imports,...

Researcher doubts USDA soybean yield estimates

A soybean researcher has doubts about the accuracy of USDA’s projected soybean yields this year.  Shawn Conley with the University of Wisconsin says, “I think these yield estimates for NASS are overexagerated.” Conley tells Brownfield his boot-on-the-ground observations combined with nationwide satellite imagery don’t...

Soybeans, corn down on yield estimates, crop ratings

Soybeans were sharply lower on speculative and technical selling, with November hitting another new low for the move. The trade continued to digest the USDA’s record yield and production estimates while watching weather. Conditions are mostly favorable with 68% of the crop called good...

CONAB cuts Brazil corn, wheat estimates

Brazil’s equivalent of the USDA has lowered that nation’s corn production estimate due to weather issues in some key growing areas. CONAB now has Brazil’s total corn crop at 115.649 million tons, 0.2% lower than July on a reduction in yield and harvested area...

Soybeans down on record crop, yield estimates

Soybeans were sharply lower on speculative and technical selling. The USDA is projecting a record large U.S. soybean crop with an all-time high for yield and higher acreage numbers, along with larger new crop U.S. ending stocks. The USDA says 68% of the U.S....

USDA cuts 2024 pork, turkey estimates

The USDA has trimmed its expectations for 2024 pork and turkey production, while raising projections for beef, broilers, and eggs. Beef production is seen at 26.736 billion pounds, up 81 million from July on larger steer, cow, and heifer slaughter numbers, with an average...

U of I releases final 2024 crop budget estimates

An ag economist at the University of Illinois says their final 2024 crop budget estimates are in the red. Gary Schnitkey tells Brownfield they’re projecting trendline yields with a corn price unchanged from January, but soybeans are lower. “$4.50 for corn and $11.30 for...

Kansas April Tax Collections Fall Short of Estimates

TOPEKA, Kan. (KPR) - State tax collections for April fell short of estimates. The Kansas Department of Revenue reports that tax collections for April totaled $1.3 billion, about 2.3% or $30.1 million below the estimate. The number also marks a 14.7% fall from April...
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