USDA To Release Slew Of Grain Reports, Cattle Markets Wait

Friday is the day the USDA releases a mountain of grain reports all at one time because of a delay caused by the longest government shutdown in U.S. history. Those reports will include Crop Production which shows the 2018 final numbers for the year and the World Agricultural Supply and Demand Estimates.

"It might be a huge volume of information for the market to digest," says Chip Nellinger of Blue Reef AgriMarketing. "It's my opinion, that it's better to have the information than still being in limbo and not getting any news flow."

Even USDA Chief Economist Robert Johansson expects the grain markets to move because of the reports.

"It will probably be more of an impactful February release than we normally would have," Johansson said. "With that being said, I think the market is eager to get the information."

He says the industry is looking to recalibrate their own internal estimates using USDA global supply and demand information.

While grain growers hope to discover the true size of last year's crops, final yield totals and winter wheat seedings, livestock producers will have to wait a little longer. Both the Cattle on Feed and Cattle Inventory reports won't be released until the end of the month.

"I suspect we'll see some volatility with all of the info coming out," says Craig VanDyke with Top Third Ag Marketing. "Cattle market volatility has been record low for the past 3 to 4 months so to get that spark out here wouldn't be difficult to do in a market that's been rather quiet."

Analysts say waiting may not be a bad thing as slaughter numbers and carcass weights are in question following several mega-storms that blanketed the country. Waiting may provide more data about the storm's impact longer term.

"In weather market years carcass weights drop about three percent more from the fall highs and the spring lows," says Kevin Good with CattleFax. "Three percent is a bigger drop on a 500 thousand head weekly slaughter."

He says it works out to roughly 15,000 head in a week and that's a big number.

USDA says it picked February 8 for the grains because both January and February WASDE reports require a lock-up at USDA.

Last week the USDA published to great anticipation the 2017 Ag Census. Ag media were full of colorful charts, tables of numbers, and thoughtful analysis. This will continue as economists, demographers

A former U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) employee in Texas has been sentenced to two years in federal prison after leading a farm loan scheme that defrauded the governm

Livestock continued to show a strong presence on U.S. farms and ranches, according to the 2017 Census of Agriculture. Livestock production in 2017 totaled $195 billion, up 7% from 2012.Interestingly,

It’s the Christmas of the agricultural data world, and we’re ready to dice up and deliver the naughty and nice facts about the eco of agriculture in the United States.Two years ago, 72% of America

A bill seeking to limit the use of agricultural checkoff funds has been reintroduced in the Senate and it has the backing of several current or former presidential candidates on both sides of the aisl

As states like Nebraska continue to wrap their arms around what appears to the be the worst natural disaster in state history stories are slowly starting to pour out of the region from farmers and ra

Farmers and trade analysts alike are waiting patiently for Friday’s Grain Stocks report from USDA. The trade expects corn to be at 8.335 billion bushels and soybeans to be at 2.683 billion bushels,

The production of cell-cultured meat or alternative proteins will soon receive federal oversight from three agencies.However, some cattle groups say there are still limited details. USDA’s Food Saf

The U.S. Department of Agriculture’s (USDA) and Food and Drug Administration (FDA) will both be involved in regulatory oversight of cell-culture food originating from livestock and poultry, also kno

Friday is the day the USDA releases a mountain of grain reports all at one time because of a delay caused by the longest government shutdown in U.S. history. Those reports will include Crop Production