Highlights
On Friday, Safras and Mercado, a Global Agribusiness of Brazil, reduced their safrinha corn production estimate by 2.99 mil mts to 83.64 mil mts.
USDA’s monthly cold storage report showed the total beef in the freezers was down 4.7% from a year ago and pork was down 11.7% from a year ago with butter supplies up 9% and cheese stocks down 0.6%.
USDA monthly Poultry Report showed in April from a year ago:
Egg production: down 1%
Layers on feed: down 2%
Egg production per 100 layers: up 1%
Egg type chicks hatched: up 4%
Egg type pullets placed: up 6%
Broiler hens on feed: up 2%
Broiler pullets placed: up 1%