USDA’s quarterly hogs and pigs report shows a record swine herd and future stability in the sector.USDA’s most recently released quarterly Hogs and Pigs report showed a record swine herd in the U.S. The total inventory as of 1 June was 71.7 million head, up 3 percent from 1 June 2016 and 1 percent from 1 March 2017. This was the largest inventory for that date since USDA started keeping records in 1964.Other categories setting records included:
Pig crop - 32.3 million head, the second-largest total on record for the March-May period Pigs saved per litter - 10.55 Market hogs - 65.6 million head, up 4 percent from last year and largest 1 June inventory on record
With this large hogs and pigs inventory, it is important to look at the s...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
