USDA 2025/26 U.S. Supply/Demand Estimates 'Net Neutral' for U.S. Farmers & Ag OEMs

Feb 27, 2025

USDA introduced its U.S. supply and demand estimates for 2025/26 crops on Feb. 27 during its annual Outlook Forum in Virginia.

Based on these initial estimates, J.P. Morgan's model suggests U.S. major crop cash receipts will total $119.7 billion in 2024/25, which is "flattish" year-over-year, said Tami Zakaria in a note to investors.

Overall, the report shows increases in ending stocks of U.S. wheat and corn and decreases in U.S. soybeans, which Zakaria says "is net neutral for U.S. farmers and for agriculture OEMs. Moreover, stocks-to-use (STU) ratios are seen expanding further for wheat/corn and compressing for soybeans in the U.S."

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Video: New Solution Powers Efficient Pork Growth

Alltech has introduced Olerix, an innovative phytogenic blend created to promote growth and feed efficiency in pigs. Through a proprietary coating process, the bioactive blend of phytogenic compounds used in Olerix is designed to outlast the manufacturing process, ensuring consistent outcomes from feed to finish. The result is a high-impact efficiency solution that provides consistent support for gut health, feed efficiency, immune function and growth performance. Olerix is backed by validated trials conducted under modern pork production conditions.

“As the industry searches for technology to drive profitability forward in a more sustainable manner, we’re thrilled to join that effort with our Olerix technology,” said Mark Hulsebus, general manager for U.S. pork at Alltech. “Our work in this phytogenic space is yielding very encouraging results, and we’re excited to make this new opportunity available to pork producers focused on optimizing feed efficiency and growth rates.”

“Olerix represents the next generation of phytogenic technology — combining feed efficiency, livability and immune support into a practical commercial solution producers can implement today,” said Andy Rash, U.S. monogastric director at Alltech.