WASDE:   Livestock, Dairy & Poultry Outlook

The forecast for 2020 total red meat and poultry production is raised from last month.  Beef production is raised from the previous month on higher expected second-half cattle slaughter.  The pork production forecast is reduced on lower second-half commercial hog slaughter and lighter carcass weights.  The broiler and turkey production forecasts are raised on production data to date.  The egg production forecast is raised slightly from last month.  For 2021, the total red meat and poultry forecast is raised from the previous month on higher expected beef, pork, and broiler production.  Beef production is raised from last month on higher expected steer and heifer slaughter.  Pork production is raised on higher forecast commercial hog slaughter.  The 2021 broiler production forecast is also raised from last month on slightly more rapid production growth, but the turkey production forecast is unchanged.

Egg supply and use tables are revised to reflect changes in egg stock numbers.  Information on the changes and historical supply and use data can be found at: https://www.usda.gov/oce/commodity-markets/wasde/historical-revisions

The 2020 beef import forecast is raised on recent trade data and continued firm import demand for processing grade beef, while exports are unchanged.  For 2021, the beef import forecast is raised, while the beef export forecast is lowered on slower expected global demand.  The 2020 and 2021 pork export forecasts are lowered from last month on weakness in global import demand.  The 2020 and 2021 broiler export forecasts are raised from last month.  Egg exports for 2020 are raised slightly, but no change is made to the 2021 export forecast.

The cattle price forecasts for 2020 is raised on current price strength and robust beef demand; this increase in price strength was carried into early 2021.  Hog price forecasts are raised for 2020 and 2021 on current price movements and continued strength in demand.  The 2020 broiler price forecast is virtually unchanged from last month but is reduced for 2021 on expected supply pressure.  The turkey price forecasts for 2020 and 2021 are raised.  The 2020 egg price forecast is increased on current strength in prices, but 2021 price forecast is unchanged.

The milk production forecast for 2020 is raised from the previous month on slightly higher cow numbers and a more rapid pace of growth in milk per cow.  For 2020, the fat basis import forecast is unchanged while the export forecast is reduced on lower exports of butterfat products.  The skim-solids import forecast remains unchanged, but the export forecast is reduced on lower dry whey and lactose shipments.  Cheese and nonfat dry milk (NDM) price forecasts are raised from last month, while the whey forecast is unchanged.  The 2020 forecast for butter is reduced.  The Class III price forecast is raised on the higher cheese price forecast.  The Class IV price forecast is also raised as the higher NDM price more than offsets the lower butter price forecast.  The all milk price forecast is raised to $18.00 per cwt.

For 2021, a larger dairy herd and higher milk per cow are expected to support higher milk production from last month.  The fat basis import forecast is unchanged, while the fat basis export forecast is lowered on weak global import demand for butterfat products.  The skim-solids basis import forecast is unchanged, while the export forecast is raised on expected robust international demand for skim milk powder and whey products.  Dairy product price forecasts for cheese, butter, NDM, and whey are raised from last month.  Class III and Class IV price forecasts are raised on higher product prices.  The all milk price forecast is raised to $17.60 per cwt for 2021.  


                   Channel 7

NBW Reports

Beef Balance Sheet

Cattle Inventory By State: This Year vs. Last Year
Cattle Inventory Highlights
Cattle Inventory:  Ranking Of States With The Most Cattle
Cattle on Feed
Cattle Slaughter By State
Cold Storage

Corn Balance Sheet
Estimated Weekly Meat Production
Export Sales Highlights
Farms and Land in Farms Highlights
Livestock Comments
Livestock Slaughter
Livestock, Dairy & Poultry Outlook
Milk Production By State
National Drought Monitor
National Feeder Cattle Report
National Grain Report
Natural Gas Weekly Update
Number Of Farms By State
Quarterly Hogs & Pigs

Price Projections For Steers, Hogs, Milk

Protein Production Estimates
Ranking Of States With The Largest Farms
Ranking Of States With The Most Farms
Ranking Of States With The Most Land In Farms
Red Meat By Production By State

Soybean Balance Sheet
Today's Weather
United States Ag Production Report
USDA Grain Stocks Report
USDA Prospective Plantings Report
WASDE: Feed Grain Outlook
WASDE: Livestock, Dairy & Poultry Outlook
WASDE: Oilseed Outlook
WASDE: Wheat Outlook

Wheat Balance Sheet




Rob Cook, RobCookKC@gmail.com