World Ag Outlook Chair

Fewer cattle going to slaughter this year means tighter beef supplies ahead — and the USDA is now forecasting steer prices above $251 for 2026.

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...

Not a lot of changes to report in USDA’s April global wheat production forecast.  But, there was some activity of note in the world wheat supply and demand ledger.   “In particular, we reduced Chinas wheat imports by three million tons this month, which brings them down to only 3.5 million tons of feed exp...

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 ...

The USDA is out with it’s latest world wheat outlook, and Russia and Australia made most of the noise.   “Australia's production we raised that 1.4 million tons to 38 million tons the current forecast would be the third consecutive record large crop in Australia.  With Russia th...