April net corn cost up 20% from March

Corn basis: Basis bids around Decatur, IL were considerably higher during the April reconciliation period, compared to March 2023 and April 2022. Corn gluten meal and feed: Corn gluten meal and feed prices continue to decline, both seasonally and year over year. April CG [...]

Broiler hatches continue to rise year over year

Broiler chick hatches totaled 821.4 million in June, repeating May’s 2 percent year-over-year growth rate. There were 688.9 million broiler-type eggs in incubators as of July 1, up 2.5 percent from a year ago and pointing to July’s hatch being about 1 percent higher [...]

Cattle on feed still up 4 percent as summer begins

U.S. cattle on feed totaled 11.3 million head as of July 1, reflecting the month-over-month decline expected for this time of year but up 4 percent year over year. The U.S. herd was counted at 41.9 million head as of the beginning of the [...]

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