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As USDA moves to restore confidence in its agricultural data, a closer look at livestock reports shows the agency has been getting animal inventories right — with cattle estimates missing by less than 150,000 head on average over five years.
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September objective yield data backs up Crop Tour findings of blank stalks and smaller ears, but USDA’s ear weight assumptions still don’t reflect the full extent of crop stress.
Corn, soybeans and wheat favored the downside in overnight trade.
Unrelenting rains in parts of Corn Belt
The improvement in ratings is the first since early July
Cattle futures surge amid impressive gains in cash.