The imported corn reserve auction sales are currently expected to reach only 10 MMT through September. Because of the large national corn inventory, this will create huge problems and possibly an impetus to push for reform of the auction system. Oilseeds Soymeal Inventories Rise Beyond 1 MMT As of last week, the soymeal inventories of major crushers reached an estimated 1.06 MMT, a 20.81 percent or 180,000 MT increase from the previous week and a 48.06 percent decline against the same week in 2014. Among the surveyed regions, inventories in northeast and north China fell to 73,700 MT (-9.76 percent) and 30,900 MT (-45.2 percent), respectively, compared with the week before. In contrast, last week's estimated total soymeal inventories for...
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...
Illuminating the value of technical research
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