USDA’s quarterly Hogs and Pigs report will be released tomorrow, and the market expects the data will be in accordance with the department's long-term baseline.USDA’s quarterly Hogs and Pigs report will be released tomorrow, which will follow up on the December report that had a record inventory of all hogs and pigs in the U.S. as well as a record for pigs per litter. The market expects that the inventory of all hogs and pigs will be up from last year and that the breeding herd will also show an increase, while the pigs-per-litter number is anticipated to drop from last quarter on a seasonal basis but still remain high for the December-February quarter. This is in keeping with USDA’s long-term baseline trend that shows pork production up 8...
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...
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