The supply side looks a mess as agricultural production outpaces demand. Rabobank even notes the expansion in poultry production by non-traditional suppliers like Australia and New Zealand. Agency Announcements
Ethanol: U.S. EPA incited vitriol from the corn ethanol industry by calling for 14.8 billion gallons of mandatory ethanol blending in 2017 instead of the 15 billion gallons suggested by the statute. The agency continues to see infrastructure constraints (the blend wall) that ethanol producers do not. TPP: The U.S. International Trade Commission (ITC) released its Trans-Pacific Partnership (TPP) analysis, “Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors” late today. As expec...
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...
