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USDA raises 2023 pork, broiler estimates

The USDA’s 2023 meat production projection adjustments were mixed. Beef came out at 26.932 billion pounds, unchanged from November, on higher average weights canceling out a slower slaughter pace, with an average steer price of $175.55 per hundredweight, down $1.75, higher imports, lower exports,... Read More.

USDA balances corn demand, raises soy supplies

The chief commodities economist with StoneX Group says USDA made a balance sheet adjustment in the November supply and demand report that could support corn prices. Arlan Suderman says the agency tried to balance out a better-than-expected U.S. corn crop with demand projections. “USDA had... Read More.

CONAB raises Brazil corn crop estimate again

Brazil’s equivalent of the USDA sees that nation’s already record large corn crop getting bigger. CONAB now sees the combined corn crop at 127.767 million tons, 1.6% above the June guess and 12.9% more than 2022 due to higher planted area and better growing... Read More.