USDA Reports

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.

Lance Honig, chair of the Agricultural Statistics Board and a NASS official, addressed farmer concerns in a Farm Journal interview explaining the major January data revisions that caused corn prices to sink on Monday.

Examining which states drove surprise increases

Grain stocks also higher than industry expectations

As farmers look ahead to 2026, grain markets are sending mixed signals based on record corn exports, large supplies, federal payments and ongoing China trade uncertainty.