The USDA has increased most major meat production outlooks. Beef is now projected at 28.136 billion pounds, up 130 million from September on higher carcass weights and slaughter expectations for the second half of the year, with an average steer price of $143.15 per... Read More.
The USDA raised most of its meat production outlooks. Beef is now seen at 28.006 billion pounds, up 16 million with expectations for a higher second half slaughter canceling out lower carcass weights, with an average steer price of $142.80 per hundredweight, $1.70 higher,... Read More.
An ag economist says demand for biofuels has added stronger price support for commodities. Nathan Kauffman with the Kansas City Federal Reserve Bank says prior to the pandemic, commodity prices were expected to remain steady through 2022. But, he says, that’s changed. “There are underlying... Read More.