John Perkins

Slower processing rates and tight ready numbers continue to impact U.S. beef and pork production. The USDA says commercial red meat production during September was 4.323 billion pounds, down 4% on the year. Beef production fell 6% to 2.038 billion pounds with a 7% decrease in slaughter to 2.303 million head canceling out a 14-pound […]

Brownfield Commodity Market Reporter John Perkins has your look at Thursday’s mostly higher trade in soybeans, the mostly lower move for cattle, and the losses in corn, hogs, and wheat.

Soybeans were mostly modestly higher. Beans are oversold and there was spillover from bean oil, which was following crude oil. Weekly export sales were strong at 104.396 million bushels, mostly to China and Mexico, and China bought another 202,000 tons of U.S. beans ahead of the open. That’s the seventh business in a row with […]

U.S. ethanol production was solid last week. The U.S. Energy Information Administration says the daily average of 1.118 million barrels was up 24,000 on the week and 27,000 on the year. That was a 13-week high, helped out by positive margins and strong industry demand expectations, supporting a big portion of domestic corn usage. Ethanol […]

Brownfield Commodity Market Reporter John Perkins has your look at the midweek losses in cattle, soybeans, and wheat, along with the mixed finishes for corn and hogs

2026 U.S. broiler numbers remain on pace to surpass 2025. The USDA says placements of broiler-type chicks into incubation were down 4.978 million the week at 188.303 million head as lower egg sets earlier in the month have an impact on supply but still up slightly on the year. The overall pace remains 2% ahead […]

Soybeans were lower on fund and technical selling. Beans followed the lead of bean oil, while watching the U.S. harvest and planting in Brazil. Those harvest conditions and that planting weather generally look favorable over the near-term. However, parts of the Midwest will likely see harvest delays and there are concerns about El Nino impact […]

U.S. wheat export sales hit a marketing year high during the week ending October 22nd. The USDA says the top buyers were key customers the Philippines and South Korea, both of which buy wheat for milling and livestock feed uses. Corn and soybean sales were down on the week, but larger than average, and pork […]

Brownfield Commodity Reporter John Perkins has your look at the modest gains in wheat, and the mixed closes for cattle, corn, hogs, and soybeans

Soybeans were mixed. U.S. harvest activity is running at a fast pace and planting weather in Brazil generally looks good. Stateside, near-term delays are probable in some areas, mostly starting this weekend, while in Brazil, there are concerns about El Nino impacts. The Buenos Aires Grain Exchange says planting is just getting underway in Argentina […]