USDA Recognizes US Beef Exports June 10, 2021
Minimal changes were made to USDA's 2021 beef production forecast at 27.905 billion lbs. That is 2.7% over last year. The beef balance sheet did tighten up over last month as they raised export sales more than their import increase. They now have exports 13% over last year. Current YTD sales are 31% over. USDA would suggest high wholesale beef prices are turning off export demand (more than offset by a strong US consumer).
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Possible light fund short covering yesterday
December 6, 2023
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
Market Movers
December 6, 2023
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
Snapshots
Snapshots