Articles tagged under: USDA
No Surprises in April Supply/Demand Report
Published April 9, 2019
In the April supply/demand report, USDA reduced U.S. wheat feed and residual use by 10 million bushels and lowered exports by 20 million bushels. That resulted a 31.5 million bushel increase in wheat ending stocks, and carryout is estimated at…Herrick Moves to IDFA
Published April 3, 2019
Matt Herrick has joined the International Dairy Foods Association as its senior vice president, executive and strategic communications. This is a newly created position. Most recently, Herrick was the communications director for the Rockefeller Foundation. During the Obama Administration, Herrick…Markets Shifts Focus to U.S. Planting
Published April 1, 2019
Progressive Ag Marketing market analyst Brian Strommen says traders will now focus on planting weather and the final acreage report in June. "We absorb these numbers, it's what USDA gave us and it's the hand we've been dealt," says Strommen.…Wheat Acres Forecast at Record Low
Published March 29, 2019
According to USDA’s Planting Intentions report all wheat acres are expected to decrease three percent from last year, but rise one percent from the previous report. Spring wheat acres are projected at 12.8 million acres, down three percent from last…More Soybeans and Wheat in Quarterly Stocks Report
Published March 29, 2019
As of March 1 USDA reports 2.7 billion bushels of soybeans in stock, slightly higher than the trade expectations. On-farm soybean storage is estimated at 1.2 billion bushels. There are 1.6 billion bushels of wheat in storage, a six percent…More Corn, Less Soybeans
Published March 29, 2019
Mother Nature will make the ultimate decision, but USDA is forecasting an increase in corn acres. According to the Prospective Plantings Report, corn acreage will total 92.8 million acres. That compares to an average pre-report trade guess of 91.3 million.…USDA Hog Numbers in Line With Pre-Report Expectations
Published March 29, 2019
According to the quarterly hogs and pigs report, the swine inventory, breeding herd supply and market hog numbers are up two percent from last year. "We continue to have plenty of hogs, there is no doubt about that," said John…Analysts Prepare for March Prospective Plantings Report
Published March 22, 2019
The trade is leaning somewhere around 86 million acres of soybeans and 91.5 to 92 million acres of corn ahead of the upcoming USDA Prospective Plantings report. That’s according to Zaner Ag Hedge Chief Marketing Strategist Ted Seifried, who says…U.S. Hog Industry On Alert for African Swine Fever
Published March 22, 2019
As African Swine Fever spreads through Asia and Eastern Europe, U.S. hog producers are being asked to boost biosecurity measures and monitor hog herds. USDA Chief Veterinarian Jack Shere says be vigilant. "If your pigs are sick, report immediately," he…