USDA WASDE report forecasts global cattle and beef supplies for 2025

Published 2024년 12월 17일

Tridge summary

The December World Agricultural Supply and Demand Estimates report for the 2024-25 agricultural year in the U.S. indicates positive adjustments in the corn, soybean, wheat, and red meat sectors. Corn is expected to see an increase in ethanol production and exports, leading to a decrease in ending stocks. Soybean has small changes, with a slight increase in total production and a minor decrease in use for food, feed, and other industrial purposes. Wheat is projected to have slightly higher supplies, increased exports, and lower ending stocks. Red meat and poultry production is anticipated to rise for 2024, but a restriction on cattle imports from Mexico for 2025 is expected to decrease beef production in that year. Overall, the report highlights adjustments in various agricultural markets, maintaining the season-average price per bushel for corn, soybean, and wheat, while slightly lowering the soybean price and leaving the cattle price unchanged for 2024, with an increase for 2025.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The December World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2024-25 U.S. corn outlook is for greater corn used for ethanol, larger exports and lower ending stocks. Corn used to produce ethanol is raised 50 million bushels to 5.5 billion, based on the most recent data from the Grain Crushings and Co-Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of November. These data imply corn used for ethanol during the September to November quarter was the highest since 2017. Corn exports are raised 150 million bushels to 2.5 billion reflecting the pace of sales and shipments to date. With no other use changes, corn ending stocks are reduced 200 million bushels to 1.7 billion. Corn exports for 2024-25 are raised for the U.S. and Canada but lowered for the European Union (EU). The season-average corn price received by producers is unchanged at $4.10 per bushel. Total U.S. oilseed ...

Source: Progressivecattle