USDA has lowered its projections for 2023 milk production. In the November Supply and Demand Report, USDA says cow numbers were revised lower in the last Milk Production Report and milk-per-cow growth slowed in the 3rd quarter. That trend is expected to continue... Read More.
Soybeans were lower on fund and technical selling. The USDA did lower production and yield following this year’s drought, which cut new crop ending stocks, but the USDA also reduced new crop crush and exports. Global ending stocks were above expectations with a... Read More.
The USDA’s 2022 milk production projection is down slightly on the month due to expectations for slower growth in per cow production. Production is expected to be 226 billion pounds, 400 million under the June guess, and, if realized, 300 million below the 2021... Read More.