Ag economists’ view on the ag economy is starting to erode. The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy.
Livestock and poultry producers who suffered losses during the Covid-19 pandemic due to insufficient access to processing can apply for aid under USDA's Pandemic Livestock Indemnity Program from July 20 to Sept. 17.
Frozen pork stocks stood at 461.14 million lbs. at the end of May, which was a 4.22-million-lb. (0.9%) build from April versus the usual 34-million-lb.-retreat for the month.
Dr. Dermot Hayes says even with possible mandatory overtime to compensate for lost capacity, the industry will lose 2.5% of overall harvest capacity if the ruling stands, with small producers likely to be hardest-hit.