Monthly Reports
Beef Supply & Demand Estimates (Balance Sheet)
Forecast total U.S. meat production for 2010 is reduced slightly. The production forecasts for 2010 largely reflect lower cattle slaughter and lighter cattle carcass weights in the second quarter and lower expected slaughter in the fourth quarter.
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WASDE: Cattle Prices Are Forcast To Decrease
Forecast total U.S. meat production for 2010 is reduced slightly. The production forecasts for 2010 largely reflect lower cattle slaughter and lighter cattle carcass weights in the second quarter and lower expected slaughter in the fourth quarter.
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WASDE: Lower Soybean Ending Stocks, Global Production To Increase
This month's U.S. oilseed supply and use projections for 2010/11 include a small reduction in beginning and ending stocks. Lower beginning stocks reflect higher crush projections for 2009/10.
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WASDE: Wheat Supplies To Increase, Production Up
U.S. wheat supplies for 2010/11 are increased slightly this month as higher production is mostly offset by lower carryin.
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WASDE: Corn Ending Stocks To Decrease, Higher Use
Projected U.S. feed grain production for 2010/11 is unchanged, but smaller carryin for corn, sorghum, and barley is expected to reduce domestic feed grain supplies. Corn food, seed, and industrial (FSI) use is projected 110 million bushels higher for 2010/11, mostly in line with higher projected corn use for ethanol, sweeteners,
and starch for 2009/10.
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Cold Storage: Beef Drops To Lowest Levels In 27 Months
Total red meat supplies in freezers were down 5 percent from the previous month and down 16 percent from last year.
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Cold Storage: Total Red Meat Supplies Down, Butter Up
Frozen food stocks in refrigerated warehouses on April 30, 2010 were greater than year earlier levels for eggs and cheese.
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Total Red Meat Supply & Demand Estimates (Balance Sheet)
Total U.S. meat production for 2011 is projected to be slightly higher than 2010 as increased pork and poultry production more than offset declines in beef production. Beef production for 2011 declines on tighter supplies of cattle. Declining cow inventories and calf crops over the past several years, coupled with expected lower imports of cattle during 2011 will result in a smaller pool of cattle available for slaughter.
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Beef Supply & Demand Estimates (Balance Sheet)
Beef production for 2011 declines on tighter supplies of cattle. Declining cow inventories and calf crops over the past several years, coupled with expected lower imports of cattle during 2011 will result in a smaller pool of cattle available for slaughter.
Despite an improved world economy, U.S. beef exports for 2011 are expected to be lower as U.S. production declines and more competitor beef becomes available. For 2011, cattle prices are forecast to rise as demand improves and production declines. Hog prices are forecast lower due to increased production.
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WASDE: Milk Production & Imports To Increase, Domestic Use Up
Milk production for 2011 is forecast to increase as producers respond to improving returns. Cow numbers are projected lower than 2010, but the rate of decline is expected to slow, especially in the latter part of the year.
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WASDE: Pork Production To Increase, Lower Hog Prices
Total U.S. meat production for 2011 is projected to be slightly higher than 2010 as increased pork and poultry production more than offset declines in beef production.
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