U.S. pork shipments to China in December helped push the total volume for all of 2016 to 363,121 MT at a total value near $715 million. Meanwhile, the outlook for U.S. producers with ractopamine-free herds should remain bright well into 2017 for several reasons.
Market Trends U.S. Food and Agricultural Exports to China Reach New Heights in 2016 USDA’s latest release through its Global Agricultural Trade System (GATS) showed total U.S. food and agricultural exports to China reached a new record of 49.09 MMT in CY 2016, confirming previous expectations that began to materialize late in the third quarter. In addition, the value of those imports was the fourth-highest ever at $21.41 billion. As noted below, a record second ha...
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...
