World Perspectives
feed-grains soy-oilseeds livestock

Change Coming to Japanese Feed and Animal Sectors

I am in Japan this week meeting with a wide array of individuals involved in Japan's trading, animal feed and animal production sectors. The meetings have been with most of the major trading companies and oilseed processors as well as with firms that produce animal feed, swine, broilers and eggs. The objective has been to gain a better understanding of the structure of the industry and to hopefully learn what changes the Japanese industries are likely to see in the future. It certainly has been an eye-opening experience.Japan's feed and animal production sectors are in many ways 25 years behind the rest of the developed world in terms of how they operate. There is very little vertical integration here. The companies that import feed ingre...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.315/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.5025/bushel, up $0.0675 from yesterday's close.  Jan 26 Soybeans closed at $11.215/bushel, down $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $317.4/short ton, down $3...

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