Two factors enabled the Canadian pork industry to greatly benefit in the past year from a surge in exports to China, hitting a record of nearly 314,000 MT with an approximate value of $436 million. However, it is now facing a potentially heavy blow.
Oilseeds Soymeal Inventories Reach Highest Level Since Early 2016 As of 9 June, China’s estimated soymeal inventory reached its highest level since mid-January 2016 at a total 1,404,600 MT. Nationwide, soymeal inventories were up 19,400 MT (+1.4 percent) from the previous week and 704,700 MT higher (+100.7 percent) than at the end of the first full week in June 2016. Unlike previous weeks, however, they did not increase in all regions. In Guangdong and the Northeast, inventori...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
