The June Feed Outlook report shows global coarse grains production is raised for 2025-26 and 2026-27. This month’s outlook is for increased global coarse grains, with marketing year 2025-26 raised 15.5 million metric tons (MT) and 2026-27 raised 5.8 million MT.

The USDA confirmed the discovery of New World screwworm (NWS) in a calf in Texas on June 3, 2026. Subsequently, additional cases have been identified in livestock and pets within the U.S. In response to these NWS cases, the USDA and local state officials have implemented actions to contain and monitor the movement of the pest, including quarantines and movement controls of livestock in affected areas.

The June World Agricultural Supply and Demand Estimates report (WASDE) showed the 2026-27 U.S. corn outlook is virtually unchanged relative to last month. Fractionally higher beginning and ending stocks for 2026-27 reflect mostly offsetting trade and domestic use changes for 2025-26 with adjustments to imports, corn used for ethanol and exports based on data to date.

USDA’s Animal and Plant Health Inspection Service officials confirmed the first U.S. case of New World screwworm on June 3, found in a 3-week-old calf in southern Texas. As of June 9, six cases have been confirmed – five livestock in Texas, and one dog in New Mexico.

The outlook for beef production in 2027 is forecast at 25.31 billion pounds, a 0.9% decline from 2026. A slight decline in production next year is based on fewer cattle slaughtered that is only partially offset by heavier anticipated carcass weights.

The May Feed Outlook report shows global coarse grains supply in 2026-27 is projected at 2,156 million metric tons (MT), 15 million MT lower than 2025-26. Spurring the projected supply decrease are expected declines in production, particularly in the U.S. but with notable declines in other major producing countries, including the European Union and Argentina.

The May World Agricultural Supply and Demand Estimates report (WASDE) showed the 2026-27 U.S. corn outlook is for reductions to supply, total use and ending stocks with higher expected prices. The corn crop is projected at 16 billion bushels, down 6% from a year ago on declines to both area and yield.