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Spring wheat conditions 'take a beating,' dropping 10%

Spring wheat conditions 'take a beating,' dropping 10%
agweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agweek.com Daily Mail and Mail on Sunday newspapers.

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USDA NASS taking producer surveys to determine crop acres and grain stocks in South Dakota

Pierre, SD, USA / DRGNews
May 25, 2021 | 3:38 PM
During the next few weeks, USDA’s National Agricultural Statistics Service will conduct two major inquiries, contacting nearly 3,800 producers across South Dakota to determine crop acreage and grain stock levels as of June 1, 2021.
“These are two of the most important surveys NASS conducts, due to the widespread and significant impact of their results,” explained Erik Gerlach, South Dakota State Statistician. “When producers complete these surveys, they contribute essential information that determines the expected acreage and supply of major commodities for the 2021 crop year. The results are necessary for everyone who relies on agriculture for their livelihoods. This includes those providing farm and ranch supplies, those purchasing commodities directly from the producers, and everyone else involved in ensuring a safe and affordable food supply reaches the consumer in a timely manner.” ....

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Bullish hogs and pigs report surprises analysts

Bullish hogs and pigs report surprises analysts
The latest Quarterly Hogs and Pigs bullish report surprised industry analysts with a decline in inventory numbers coming in below expectations. Photo by Liz West
-AFBF
USDA’s National Agricultural Statistics Service released its latest Quarterly Hogs and Pigs report, providing a detailed inventory of breeding and marketing hogs as of March 1. Producers use this data to determine production and marketing strategies, while the industry uses it to assess the markets and the future supply of product. This bullish report surprised industry analysts, with swine numbers coming in below their expectations.
HOG AND PIG INVENTORY ....

Usda National Agricultural Statistics Service , Agricultural Statistics Service , Quarterly Hogs , காலாண்டு பன்றிகள் ,

Strong pork demand helps offset production cost hikes

Courtesy of National Pork Board
DEMAND DRIVES INVENTORY: Demand will dictate how much and how rapidly producers adjust inventories. However, contracts both production and marketing and high fixed costs of operating facilities are just two of multiple factors that will help drive short- to medium-term inventories.
Demand-pull inflation tends to benefit farmers, while cost-push inflation tends to hurt them.
Two types of inflation can drive the overall price level higher. Cost-push inflation occurs when production costs rise or supplies fall. Either will boost prices as long as demand remains the same. Too many dollars chasing too few goods drives demand-pull inflation. ....

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Bullish hogs and pigs report surprises analysts

Bullish hogs and pigs report surprises analysts
Michael Nepveux
Last week, USDA’s National Agricultural Statistics Service released its latest Quarterly Hogs and Pigs report, providing a detailed inventory of breeding and marketing hogs as of March 1. Producers use this data to determine production and marketing strategies, while the industry uses it to assess the markets and the future supply of product. This bullish report surprised industry analysts, with swine numbers coming in below their expectations.
Hog and Pig Inventory
The report showed that on March 1, all hogs and pigs were down to 74.773 million head, a decline of 1.8% from the same time last year. This decline surprised analysts as it was the opposite of what the industry was predicting and fell completely outside of the range of forecasts. Analysts had been expecting on average an increase of 0.1%, with the estimates ranging from a 1.5% decline to a 1.3% increase. This decrease was the first year- ....

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