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The streak of weeks with forty percent or more of the nation covered in drought continues and could soon reach a record. (Rod Bain and USDA meteorologist, Brad Rippey)
Livestock producers continue to get less and less of each dollar spent on meat by consumers. (Gary Crawford. President Joe Biden. Agriculture Secretary Tom Vilsack)
Extreme drought conditions in various wheat growing regions are contributing to lower wheat production forecasts compared to the previous year. (Rod Bain and USDA Chief Economist Seth Meyer)
USDA's quarterly stock forecasts revealed a surprise regarding ending stocks for corn and soybeans, compared to industry projections. (Rod Bain and Chief Economist Seth Meyer)
USDA's latest Agricultural Prices report indicates producers of most commodities noticed an increase in what they received pricewise compared to the previous month. (Rod Bain)