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Bart Kenner, USDA economist, giving one reason why China is buying more U.S. soybeans and sorghum. **** During the first eleven months of 2022, China had bought 4.8 billion dollars' worth of U.S. corn. That's about the same as in the same time frame in 2021.
The latest USDA report on cattle feedlot activity shows the cattle herd continuing to shrink. (Gary Crawford and Shayle Shagam, USDA livestock analyst)
Shayle Shagam, USDA livestock analyst, says the number of fed cattle marketings in December (1.74 million head--6% below last year) is below what many had expected.
Shayle Shagam, USDA livestock analyst, saying that at the end of this month we'll get a cattle inventory report which may have clues as to what to expect over the next year.