China's sorghum and barley imports continued to grow in February. The comparative price advantages of both with respect to domestic corn coupled with no quota make them very attractive. Several factors, though, may be notably impacting DDGS imports. Oilseeds Soymeal Inventories Rise Rapidly in Past Week The major crushers' estimated soymeal inventories surpassed 1.2 MMT last week, a 26.1 percent increase from the previous week. Among the surveyed regions, Guangxi and Fujian Provinces saw volumes drop to 43,900 MT (-14.8 percent) and 66,500 MT (-19.8 percent), respectively, from the week prior. In sharp contrast, last week's estimated total inventories for major crushers in the northeast region and Shandong Province increased by 155.5 per...
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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