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USDA’s October Crop Production and WASDE reports caused the soybean markets to tank Tuesday. One analyst says he thinks USDA’s soybean could could continue to rise as soybean demand shows signs of trouble.

USDA’s October report shows U.S. corn and soybean crops are larger than what USDA forecast in September, but the biggest question came to soybean demand. Soybean prices were down double digits after the report.

Today’s USDA report pressured grain prices, how much more downside is there? Live cattle futures have stalled out against resistance, is the “rally” over?

USDA’s World Agricultural Supply & Demand Estimates released Tuesday project an overall decline in 2021 red meat and poultry production despite a higher beef production forecast.

Port officials say strong American consumer demand has continued unabated for more than a year, as the Port of Los Angeles has seen a 30% increase in cargo volume so far this year, while exports fell 23% in August.

Prepare now for higher fertilizer costs in 2022.

There doesn’t appear to be much price relief on the horizon. Product availability could be limited as well, based on what China and Europe are experiencing.

Dairy farmers across the U.S. are battling growing concerns about a spike in costs, as inflation, rising input costs are eating into dairy farm margins this year. Issues with sourcing labor are also adding to the pain.

Leaders the world’s largest input companies report material and freight costs continue to be high and farmers should expect prices to be up in 2022.