AG WEATHER SUMMARY: For the second month in a row, meager precipitation fell in the West, except across the northern tier. Meanwhile, worsening drought extended across portions of the central and southern Plains

USDA CROP PRODUCTION: Soybean production for beans is forecast at 4.37 billion bushels, up 1 percent from the previous forecast and up 6 percent from 2020 (VIEW REPORT)

USDA CROP PRODUCTION: Hard Red Winter production, at 582 million bushels, is down 1 percent from last month

BEEF PRODUCTION: Weekly production reported at 524.5 million pounds, down 0.7% from last week, up 0.8% from last year (EWMP)

Weekly cattle slaughter reported at 647K head, compared to 651K last week and 636K last year. YTD slaughter at 20.8 million head, up 1.2% from last year (EWMP)

CATTLE WEIGHTS: Live weights reported this week at 1,343 lbs., down 2 lbs. from last week, down 12 lbs. from last year (EWMP)

Weekly red meat production reported at 1.022 billion pounds, down 0.4% from last week, down 0.5% from last year (EWMP)

MEAT PRODUCTION: The United States has produced 17.1 billion pounds of beef and 16.4 billion pounds of pork so far in 2022 (EWMP)

PORK PRODUCTION: Weekly production reported at 494.1 million pounds, down 0.0% from last week, down 1.8% from last year (EWMP)

Weekly hog slaughter reported at 2.34 million head, compared to 2.33 million last week and 2.4 million last year. YTD slaughter at 75.9 million head, down 3.6% from last year (EWMP)

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