Page 111 - Demand Estimates News Today

The following is from Lee Mielke, author of a dairy market column known as "Mielke Market Weekly." High milk prices produce high milk production and preliminary data in the USDAs November Milk Production report proves that. Output totaled 18 billion pounds, up a very bearish 3 percent from November 2019, biggest gain since December 2014 with November output in the top 24 producing states hitting 17.2 billion, up 3.1 percent. Revisions lowered the October 50-state and 24-state totals 7 million...

  In USDA’s December World Agricultural Supply and Demand Estimates (WASDE), average cattle prices are forecast to be around $108, which is where they’re currently trading. On the flip side, USDA is projecting pork prices to average $45, and current prices are roughly $20 above that. According to Karl Setzer of AgriVisor, livestock markets are being driven more from demand than production. “We know we’ve got ample production of beef and pork in the United States, but we got to look at ...

BY USDA | December 18, 2020 U.S. Secretary of Agriculture Sonny Perdue applauded the accomplishments made by the U.S. Department of Agriculture (USDA) over the past year. “While this was a tough year with the coronavirus, historic wildfires, and weather damage, USDA met these challenges with a multitude of programs and services to support Americans and keep our agricultural sector running...

BY USDA | December 18, 2020 U.S. Secretary of Agriculture Sonny Perdue applauded the accomplishments made by the U.S. Department of Agriculture (USDA) over the past year. “While this was a tough year with the coronavirus, historic wildfires, and weather damage, USDA met these challenges with a multitude of programs and services to support Americans and keep our agricultural sector running...

In the Dec. 10 World Agricultural Supply and Demand Estimates, the U.S. Department of Agriculture upwardly revised price estimates for both corn and soybeans and lowered estimates for U.S. production and ending stocks. Arlan Suderman, chief commodities economist at StoneX Group Inc., said that while there were few changes to the latest WASDE, those changes “spoke volumes.” Ending stocks were already the second tightest on record for soybeans as 15 million bushels of production were sh...

December 18, 2020 By David Murray In the top story of 2020, an invisible virus has, to date, caused more than a million and a half deaths worldwide, sickened tens of millions more, overwhelmed the health care facilities of many countries at times, and upended the global economy, completely reshaping some industries. It is a story that is far from over, but whose end may be in sight. After crash development by an emergency team unde...

Secretary Sonny Perdue in Indiana. Photo: Gary Truitt U.S. Secretary of Agriculture Sonny Perdue is applauding the accomplishments made by the U.S. Department of Agriculture (USDA) over the past year. “While this was a tough year with the coronavirus, historic wildfires, and weather damage, USDA met these challenges with a multitude of programs and services to support Americans and keep our agricultural sector running and responsive to the country’s needs,” said Secretary Perdue. “We sa...

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The Hagstrom Report Agriculture Secretary Sonny Perdue announced that USDA Chief Economist Robert Johansson will leave USDA at the end of January to become associate director of economics and policy analysis for the American Sugar Alliance, and that Seth Meyer has been hired as the new chief economist. In the announcement, Perdue called Johansson “an upstanding public servant,” and noted that he had served as acting deputy undersecretary for farm production and conservation early in the Tru...

National Sorghum Producers Sorghum exports continued their strong upward trend this week with China purchasing 4.8 million bushels. This trend has lead USDA to increase their 2020/21 projected exports for sorghum 15 million bushels to 275 million bushels for the marketing year. This update came out the most recent World Agricultural Supply and Demand Estimates (WASDE) report. At only a little over 3 months into the 2020/21 marketing year total sorghum exports have reached 178.4 million bushe...