Corn production is projected to decline 7% with lower planted acreage and
lower yield forecast as well, coming off record production in the 2025-26 crop.
Soybean acreage will rise because of projected profitability over other crops,
but soybean yield will hold steady.
BUSDA Grains and Oilseeds Outlook
The biggest outlier in this month's USDA Cattle on Feed report will be the
marketing data, which doesn't have a large effect on the market. Overall, the
report could be received as bullish if pre-report estimates hold true.
7^USDA Cattle on Feed Report Preview
Wildfires fueled by high winds and drought have burned over 300,000 acres
across multiple states. Oklahoma and Kansas governors declared states of
emergency as homes, cattle, and farmland were destroyed.
1^Wildfires Burn More Than 300K Acres
Beef production is expected to decline again in 2026, but growth in pork,
turkey and broilers is expected to offset the decline. Consumer demand isn't
declining but remains strong and is expected to support prices for the
livestock and poultry sectors.
BUSDA Livestock, Poultry Outlook
DTN Contributing Analyst Philip Shaw says the animal protein market is
diverse, constantly changing needs the grains farmers grow. He notes this has
meant changing animal genetics to satisfy some of these market segments.
4^Under the Agridome
