China's milk powder imports reached a record-high 109,000 MT in March as AQSIQ recently announced that imported milk products without labels in Chinese are not allowed to be sold in the market. China's Rising Corn Price May Face Limitations China's corn price climbed slightly 28 April for the third week in the month as supplies dwindled and poultry sector demand continued to grow. Corn selling is progressing more rapidly than last year, supported by the government reserve purchase program's enhanced efforts. By the end of the week, more than 85 percent of the corn in the north and about 95 percent of that in the northeast had been sold, decreasing the market's supply.In April, the market saw the usual pattern of corn sold back to the nort...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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