Source: Purdue University
U.S. farmers' perspective on the future improved in March helping to push the Purdue University-CME Group Ag Economy Barometer up 3 points from February to a reading of 114. The Index of Current Conditions at 101 was...
Source: USDA
by Russell Knight, Hannah Taylor, William Hahn, Angel Terán, Mildred Haley, Grace Grossen, Adriana Valcu-Lisman, LaPorchia A. Collins, and Amber K Oerly
The Livestock, Dairy, and Poultry Outlook for March 2023 analyzes economic impacts of month-to-month changes in USDA’s...
Source: USDA
See the latest Livestock, Dairy, and Poultry Outlook report.
Summary
Beef/Cattle: A temporal shift of cattle slaughter from early to late 2024, as well as higher expected fed cattle weights, helped boost the beef production forecast by 130 million pounds...
Source: Statistics Canada
In 2023, Canadian farmers are projected to produce more corn for grain and soybeans, but less wheat, canola, barley and oats, compared with 2022, according to recent yield model estimates using satellite imagery and agroclimatic data. Decreased production for...
Source: Rabobank
• US beef and cattle demand posts early 2024 highs. The USDA all-fresh beef retail price
was at USD 7.89/lb. in March. A new all-time high for that month. The stronger price trend
pushed first-quarter 2024 consumer beef demand to...
Source: FCC, Leigh Anderson Senior Economist
The Canadian commercial feed market (for example, pelleted rations for cattle, dairy, hog and poultry) grew over 20% in 2022, reaching a record $11.5 billion in sales. Most of this growth was driven by increases in...
Source: USDA
by Russell Knight, Hannah Taylor, William Hahn, Angel Terán, Mildred Haley, Grace Grossen, and Adriana Valcu-Lisman
The Livestock, Dairy, and Poultry Outlook for May 2023 analyzes economic impacts of month-to-month changes in USDA’s “World Agricultural Supply and Use Estimates”...
Source: Government of Alberta
“The U.S. Choice-Select boxed beef price spread is the difference between wholesale boxed beef cutout values for the USDA’s Choice and Select quality grade carcasses,” explains Ann Boyda, provincial livestock market analyst with the Alberta government....
Source: Farm Credit Administration
The Farm Credit Administration board received a quarterly report (PDF) on economic issues affecting agriculture, together with an update on the financial condition and performance of the Farm Credit System (System) as of March 31, 2023.
According...
Source: USDA
Summary
Beef/Cattle: Based on slaughter data through early December, higher cow slaughter and heavier-than-assumed carcass weights are expected to offset lower fed cattle slaughter in the fourth quarter of 2023, leaving the beef production forecast for 2023 unchanged. Expected...
