Record Red Meat Exports USDA released the November red meat export statistics this week, which showed pork exports reached their highest monthly total on record (223,962 MT) and beef exports (111,915 MT), though down from November 2016, were still on trend to hit a record volume for 2017.
Pork exports were up in most markets except China (and Hong Kong) due to increased domestic production there. While the January-November volume was down about 9 percent versus the same period in 2016, however, the value was only 1 percent lower because of the demand for offal and variety meats. China (and Hong Kong) paid approximately 17 percent more for variety meats compared with last year, and the U.S. Meat Export Federation indicated the $667 milli...
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...
