According to Meat & Livestock Australia (MLA), that country is forecast to produce a record 2.79 MMT of beef in 2025. This is a large turnaround after drought, financial pressures, and animal welfare regulations had pressured the industry. For the near term, Australia is boosting exports to make up for fewer cattle in the U.S. and Brazil. The herd is stable at 31 million head, with slaughter forecast to rise 8.6 percent to 9.02 million head in 2025. Carcass weights are expected to remain stable at 309.5 kg (682 pounds) per head. This stability is underpinned by a strong proportion of grain fed cattle in the slaughter mix. In the end, Australian exports are forecast up by 19 percent.
Australia continues to capitalize on glo...
With no bullish surprise out of Beijing this week and good weather taking over many global crop areas, funds spent the past couple of days selling off the peak positions they had built. CNN’s Live Updates blared, “No signs Trump and Xi resolved any thorny challenges.” By...
The long-awaited meeting between President Trump and President Xi of China has concluded, and details are elusive, though Trump stated today that he and Xi made some “fantastic” trade deals. Both countries reported the meetings as a success, but that has more to do with positioning...
There was heavy volume exiting soybeans, which dragged down the broader market today. The lack of a specific Chinese buying commitment for soybeans undermined speculators who had placed bets on state-directed trade. But even the Chinese do not totally ignore market fundamentals. They may still...
