Publications

November 13, 2017

November 13 Weekly Update

11/13 – In Thursday’s WASDE report, the USDA increased its corn yield estimate to a record-high 175.4 bushels per acre. Total U.S. corn output is projected at 14.58B bushels, up from 14.28B a month ago. USDA increased projected corn usage and exports, but still raised corn ending stocks by 147M

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November 6, 2017

November 6 Weekly Update

11/6– Pork supplies were forecast to be ample for the fall holiday season, and prices were expected to be weak. With that in mind, retailers loaded up on pork features and foodservice operators continued to put bacon on everything. Add a Sept surge in export sales and the result is

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October 23, 2017

October 23 Weekly Update

10/23 – In Friday’s Cattle on Feed Report, the USDA said new placements onto feedlots in Sept soared to 13.5% above a year ago. Total feedlot inventories on Oct 1st were 10.8M head, 5.4% above a year ago. Meanwhile, cattle marketings in Sept were just 2.9% above 2016. The much

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October 9, 2017

October 9 Weekly Update

10/9 – Q3 production numbers provide evidence of productivity declines in the broiler breeder flock. The number of eggs set in incubators in Q3 soared by 11.4% above year ago levels; yet the number of those eggs that successfully hatched and placed into incubators for growth out was up just

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October 3, 2017

October 2 Weekly Update

10/2 – Last week the EPA proposed reductions to its Renewable Fuel Standard (RFS) mandates for 2018 and 2019. The EPA said new countervailing duties imposed on Argentine and Indonesian biodiesel imports, along with expiring biofuel tax credits, will push the cost of advanced biofuels above the cost of petroleum

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September 25, 2017

September 25 Weekly Update

9/25 – In Friday’s Cattle on Feed Report, the USDA said new placements onto feedlots in August were just 2.6% above a year ago. Total feedlot inventories on Sept 1st were 10.5M head, 3.6% above a year ago. Cattle marketings in August were up 5.9% above 2016. While the placement

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September 18, 2017

September 18 Weekly Update

9/18 – Last week’s USDA WASDE report was (again) bearish for grain prices. The USDA increased its corn yield estimate and now projects the 2017/18 corn crop at 14.2B bushels, 32M bushels higher than last month’s estimate. The USDA also reduced expected corn usage by 50M bushels, mostly due to

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September 11, 2017

September 11 Weekly Update

9/11 – On 8/22, the Commerce Dept said it would impose countervailing duties, in the range of 50-68%, on Argentine and Indonesian biodiesel imports – effectively pricing them out of the U.S. market. As a result, increased demand for domestic biodiesel feedstocks – soy-oil, canola & corn oil – will

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September 5, 2017

September 4 Weekly Update

9/4 – Hurricane Harvey, one of the most catastrophic flooding events in U.S. history, hit the heart of America’s energy industry last week. According to the Energy Dept, 10 refineries in the Gulf Coast region – representing 17% of total U.S. refining capacity - were shut down as of Thursday.

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August 28, 2017

August 28 Weekly Update

8/28 – In Friday’s Cattle on Feed Report, the USDA said new placements onto feedlots in July were just 2.7% above a year ago, breaking a string of 4 straight monthly double-digit percentage increases. Total feedlot inventories on Aug 1st were 10.6M head, 4.3% above a year ago. Cattle futures,

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