Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 8/12/2019
FARMERS PERSEVERE TO PLANT 90 MILLION ACRES OF CORN

USDA-National Agricultural Statistical Service (NASS) estimates that corn plantings this year reached 90.005 million acres, up close to one million acres from a year ago.  This milestone marks the third year out of the last four that corn plantings have topped 90 million acres.  Prior to 2007, corn plantings had never exceeded 90 million acres.  Since 2011, plantings have only fallen short of the 90 million acre mark in two years (2015 and 2018).  This year, the wettest spring since 1995 caused havoc in efforts to seed the crop, but apparently farmers were undeterred during June to make up


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USDA $16 BILLION TRADE-AID PACKAGE

On July 25, 2019, USDA released further details on the anticipated $16 billion trade relief package.  The relief strategy is based on the estimated impacts of the retaliatory tariffs and non-tariff barriers to U.S. agricultural exports.  Three main components make up the relief package which are the Market Facilitation Program (MFP = $14.5 billion), the Food Purchase and Distribution Program (FPDP = $1.4 billion), and the Agricultural Trade Program (ATP = $100 million).


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U.S. MEAT & POULTRY EXPORTS TO CHINA & VIETNAM

Exports to China are starting to heat up significantly across beef, pork and poultry sectors. Vietnam still remains a rather small player, but given the toll ASF has taken on their meat supply as well, it’s a market that bears watching for the next couple of years, in addition to the Chinese market.  Official trade data released August 2 by USDA-FAS showed tangible upside from African Swine Fever, that could be the turning point to seeing the long awaited projections come to fruition.


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