As processing plants reopen, more meat for Americans to eat

The faster-than-expected recovery in slaughter production has almost neutralized the impact of the coronavirus pandemic on the U.S. meat supply, said the government on Thursday. The USDA estimated that Americans will consume an average of 220.2 pounds of red meat and poultry this year — more than half a pound a day apiece. (No paywall)

Coronavirus lands haymaker on U.S. farm sector

In its first assessment since the coronavirus was declared a pandemic, the government forecast lower prices for U.S. crops and livestock as a worldwide economic slowdown, the result of aggressive efforts to squash the virus, weakens the global appetite for food. The notable exceptions are wheat and rice, where panic buying has driven up prices for the food grains, said the USDA on Thursday. (No paywall)

One-year wonder: U.S. soy stockpile to shrink as quickly as it grew

Aided by the Sino-U.S. trade war, the U.S. soybean inventory doubled to a record 913 million bushels in one year, the government said on Thursday. At the same time, the USDA estimated that total will be cut in half by next September.

Soy stockpile to tumble by one-third by next fall

Three years of bumper crops collided with the Sino-U.S. trade war to create the largest U.S. soybean stockpile ever, a price-depressing 1 billion bushels at the start of this month. But by next Sept. 1, the so-called carry-over will be just two-thirds of its current size, estimated the USDA on Thursday.

Indemnities could soar to $3.6 billion for prevented planting

The wettest spring in a quarter-century may lead to the largest crop insurance payout since 2000 to farmers unable to plant corn and soybeans, said a university economist. He spoke ahead of a USDA report today that will project the impact of a cold and rainy spring on this fall’s harvest.

USDA to postpone major reports until shutdown ends

The Agriculture Department is expected to announce today that a set of major crop reports scheduled for release Jan. 11 will be delayed until the government shutdown is over, said chief economist Robert Johansson.

USDA reports today may steer commodity prices until spring

The Agriculture Department is to release a handful of potentially pivotal reports today at noon ET that could set the tone for futures markets until spring-planting data becomes available. They include a final look at 2014 U.S. crop production; the monthly WASDE report with its estimates of crop output and usage worldwide; the Winter Wheat Seedings report, the first hint of this year's crops, and the quarterly Grain Stocks report, which will indicate...

Glum price outlook as farmers face crop subsidy decisions

Farmers will sell this year's record-setting corn and soybean crops for the lowest season-average price in eight years, the government forecast in a new look at crop output and usage. USDA says the corn and soybean crops are marginally larger than it estimated a month ago. Supplies will be the largest in years, holding down prices for the year ahead.

Record-setting US crops to get bigger, analysts say

The government will raise its estimates of the record-setting corn and soybean crops on Friday, according to two surveys of analysts ahead of the monthly crop report and the companion WASDE report on world crops.

World grain supplies will hit 13-year high, says FAO

Thanks to forecasts of large harvests, global grain supplies will rise again this year, says the UN Food and Agriculture Organization.