Oilseeds Soymeal Inventory Has Minor Uptick Last week China’s soymeal inventories continued the same divergent and varied trends at the regional level that were noted in the previous report, although this time the only week-on-week decreases occurred in the North Region and Shandong Province with drops of 22,500 MT (-17.7 percent) to 104,500 MT and 10,200 MT (-13.2 percent) to 67,200 MT, respectively. Across all other areas, estimated soymeal inventories rose an average 5.2 percent. Nationally, the combined estimated inventory totaled 937,000 MT as of 14 December 2018, up 6,000 MT (+0.6 percent) from the week before and 194,700 MT (+26.0 percent) higher than a year ago. With downstream demand from the hog sector remaining tepid and...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
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