USDA/FAS forecasts Vietnam’s feed demand to grow to 26.6 MMT. This is largely pushed by a 3.3 percent expansion in pig production, and poultry rising by 2.3 percent. The overall economy is forecast to grow by 5 percent this year. Over the most recent four-year period, soybean imports are up 33 percent. However, corn is a large feed component and the data shows an opposite trend. Corn imports are down 27 percent over that same period. This can’t be due to domestic production because that has concurrently declined by 10 percent. There is an aberration in the data somewhere.
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What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
