World Ag Outlook Board

When looking at the May 2025 Dairy Production and Price Forecast, as well as the initial outlook for the 2026 calendar year, higher production is the name of the game.   “Mainly driven by increased cow inventories, but also some growth in milk per cow as well,” said World Agricultural Outlook Board Chair Mark Jekanowski.   He added next yea...

The USDA is expecting another global record wheat crop in the upcoming marketing year.  USDA World Agricultural Outlook Board Chair Mark Jekanowski said the current forecast for the new crop year is 808.5 million tons.  So, why the increase?   “A big rebound in pr...

USDA’s May World Agricultural Supply and Demand Estimates, better known as the WASDE, typically draws a lot of interest, since it’s the first look at crop commodity production, use, trade and price trends for the new marketing year.  World Agr...

A somewhat quiet January outlook on both U.S. and world wheat.   “Global consumption was reduced about 600,000 tons," noted USDA World Agricultural Outlook Board chairman Mark Jekanowski.  "Feed use, a component of that, was reduced 100,000 tons. Trade, we redu...

A slight adjustment down in U.S. wheat production is just one of several contributors to lower global wheat production forecast in October.   “Down 2.8 million tons to 794.1 million tons, but that’ll still be a record high production," noted USDA World Agricultural Outlook Board chair Mark Jekanowski.  So, what does that ...

Lower production, higher prices, that’s the summary of USDA's August Dairy Forecast.   “We reduced our production forecast for both 2024 and 2025. We still expect year-over-year growth," said World Agricultural Outlook Board chairman Mark Jekanowski.  "So, 2025 productio...

When it comes to the meat production and price forecast for the month of February, USDA World Ag Outlook Board Chair Mark Jekanowski says things are pretty straight forward.  He noted things are looking up when it comes to beef production and price.   “...

Milk production forecasts are up for 2022 and 2023.   “That’s reflecting higher cow numbers," said World Agricultural Outlook Board Chair Mark Jekanowski.  "We expect milk production to be higher than we were forecasting in July and will continue to increase year-over-year.  Now we’re forecasting ab...

The adjustment to domestic wheat production was relatively minor in August, but was up, in the latest USDA supply and demand forecast.  What does that mean for the remainder of the balance sheet?   “We’re expecting to see some more export business," noted World Agricultural Outlook Board Chair Mark Jekanowski.  "We raised our expo...

U.S. milk production my increase slightly, year-over-year, despite production numbers well off of just a month ago.  USDA is reporting that milk production during the April, May and June quarter was 57.9 billion pounds; 0.5% lower than the same quarter a year ago.  Pa...