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Still cutting the cowherd

With lower inventory and cattle-on-feed numbers, beef production in 2023 is anticipated to be 4% below the record volume set last year and then drop another 9% in 2024

A slightly bearish report is still a contractionary outlook

The USDA’s June Hogs and Pigs report holds some slightly bearish surprises; however, most are fairly small deviations from pre-report expectations.

Energy-crop returns matter

Bioenergy crops such as Miscanthus and switchgrass provide several environmental benefits, but limited returns are barriers for investment. Carbon-mitigation payments could increase net returns and reduce income risk, according to

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