Livestock China’s Meat Imports on Track for Record Year Although the pandemic and the ongoing trade war with the U.S. have caused many challenges with international trade, meat imports are headed for a record year. The most recent data from the China Customs Bureau show that of the 7.41 MMT of frozen meat imported through the first nine months of 2020, 59.3 percent was pork. The leading suppliers according to the Bureau’s report have been Spain, Brazil, and the U.S. with shares of 23.6 percent, 14.9 percent, and 14.8 percent, respectively. The outlook for the remainder of 2020 is that China will import an annual total of 9.5 MMT, the highest in history. That equates to roughly 50 MMT of feedstuffs, assuming a meat to feed rati...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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