PROTEIN PRODUCTION: Pork production in 2021 is projected at 27.693 billion pounds, down 40 million pounds from last month (VIEW REPORT)
WASDE
PROTEIN PRODUCTION: Total red meat and poultry production in 2022 is projected at 106.665 billion pounds, down 168 million pounds from 2021 (VIEW REPORT)
WASDE
PROTEIN PRODUCTION: Pork production in 2022 is projected at 27.515 billion pounds, down 178 million pounds from 2021 (VIEW REPORT)
WASDE
MEAT PRODUCTION: The United States has produced 1.035 billion pounds of beef and 1.074 billion pounds of pork so far in 2022 (EWMP)
US Cattle Report by National Beef Wire
MEATBOARD: Boxed Beef Choice: $284.31 (+1.45); Pork Carcass: $89.07 (-6.21); Chicken Breast: $228.34 (+1.40) (Fri pm)
Cash Prices
CME LIVESTOCK: Live Cattle: $142.125 (+1.15); Feeder Cattle: $166.375 (-0.35) Hogs: $88.45 (+3.125); Milk: $22.20 (+0.00)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $5.9625 (+8.75); Soybeans: $13.6975 (-7.50); Wheat: $7.415 (-5.25); Cotton: $119.70 (+2.86)
National Corn Wire
STOCK UPDATE: Dow 30: 35,911.81 (-201.81); Nasdaq: 14,893.75 (+86.94); S&P 500: 4,662.85 (+3.82)
Market Update
DROUGHT MONITOR: Western storms have boosted snowpack and reduced drought. California is almost free of Extreme Drought (D3) (VIEW REPORT)
Weather
Weekly red meat production reported at 1.05 billion pounds, down 3.1% from last week, down 7.9% from last year (EWMP)
Market Update
PORK PRODUCTION: Weekly production reported at 522.3 million pounds, down 3.1% from last week, down 7.9% from last year (EWMP)
National Pork Wire
Weekly hog slaughter reported at 2.41 million head, down 6.3% from last week, down 9.0% from last year (EWMP)
National Pork Wire
LIVESTOCK, DAIRY & POULTRY OUTLOOK (WASDE): The beef production estimate is raised on higher non-fed cattle slaughter and heavier average carcass weights. Pork production is reduced on the slower pace of slaughter in late 2021 (VIEW REPORT)
WASDE
OILSEED OUTLOOK (WASDE): Soybean production is estimated at 4.44 billion bushels, up 10 million with gains for Iowa and Indiana (VIEW REPORT)
WASDE
PORK EXPORTS: Net sales for 2022, which began January 1, totaled 19,800 MT primarily for Mexico (10,100 MT, including decreases of 300 MT)... (VIEW REPORT)
Exports
BEFORE THE BELL: U.S. stock index futures were little changed, ahead of jobless claims numbers and as investors await the corporate quarterly earnings season to start (Reuters)
Market Update