The 2016 forecast of total red meat and poultry production is raised from last month as higher expected cattle slaughter and heavier carcass weights more than offset a lower pork production forecast. The Quarterly Hogs and Pigs report, released March 25, estimated that growth in pigs per litter in the first quarter was slower than expected and that producers expected to farrow fewer sows in March-May than previously intended. Coupled with slower-than-expected first quarter slaughter, forecast pork production is reduced. No change is made to broiler and turkey production. The beef import forecast is raised and the export is reduced from last month based on recent trade. Read more...
December Farm Prices Received Index Decreased 2.2 Percent The December Prices Received Index (Agricultural Production), at 90, decreased 2.2 percent from November. At 84, the Crop Production Index increased 2.4 percent. At 97, the Livestock Production Index decreased 7.6 percent. Producers received lower prices for market eggs, cattle, milk, and calves but higher prices for broilers, grapes, corn, and celery. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of oranges, milk, broilers, and wheat offset the decreased marketing of corn, grapes, soybeans, and calves. The Prices Received Index. Read more...
© Inline LLC 2015-2024. Privacy Policy | Terms of Service