Your Pro Farmer newsletter (June 11, 2022) is now available
USDA released its June Supply & Demand Report on Friday morning. We cover all of those report highlights on News page 4 this week, including our forecasts for old- and new-crop ending stocks. USDA also updated its U.S. winter wheat production estimates. U.S. and China inflation data tells two completely different stories about price pressures on the world’s two leading economies. As the world attempts to rebound from the pandemic and faces supply uncertainties due to the war in Ukraine, the World Bank warned about 1970s style stagflation developing. Meanwhile, U.S. beef export demand remains extremely strong, while pork shipments are lagging with China playing a key role on both fronts. We cover all of these items and much more in this week’s newsletter, which you can download here.
