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USDA’s annual report reveals the smallest total herd since 1951, with beef cow numbers falling to 27.6 million despite a slight uptick in replacement heifers.
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The U.S. Department of Agriculture stunned grain markets by reporting a record-high corn production of just over 17 billion bushels, driven by unexpectedly strong yield and harvested acreage figures.
Wheat continues to see relative strength and lead to the upside.
Major U.S. government shutdown averted
Areas receiving the highest snowfall totals saw modest drought reduction