Chinese Bird Flu Impacting Soy Market U.S. soybean futures prices fell this week because of concerns that H7N9 will result in a decline in poultry consumption and soymeal demand. The outbreak also caused the stock market and airline stocks to decline. Thus far, at least 16 people have been infected by the new strain of avian influenza, and at least six have died. Because of the flu's high mortality rate, there are fears that it could spread and cause Chinese consumers to panic. There has been no evidence of human-to-human spread of the disease since all those infected have been in contact with poultry, but the concern is that it will begin to be spread by human-to-human contact.Soymeal demand already was weak in China before the flu outb...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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