Key Takeaways:
Major meatpackers are seeing massive losses in their beef divisions, with cattle prices at record levels amid low inventories. Drought continues to persist in cattle-producing areas in the U.S. Cattle herd rebuilding is not at the levels needed to meaningfully raise total cattle inventories. There are not many realistic policy-initiated solutions to spark a cattle herd rebuild. It is a profitable market for poultry, which helps offset beef losses for companies that produce both. Poultry margins have been good with low feed costs. Restaurants have been promoting chicken menu items amid lower poultry prices. There is major investment in automation at poultry plants to maximize efficiency for an already profitable sector. Locki...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
