China's monthly food inflation entered negative territory in February for the first time since 2009. Meanwhile, prices for animal protein, including pork, beef and mutton, fell in 50 major cities during the first quarter of 2017 despite no signs of expansion in one particular sector.
Oilseeds Soymeal Inventories End March Down Sharply China’s estimated soymeal inventory had fallen to 736,800 MT at the end of March, a decrease of 67,400 MT (-8.38 percent) from the previous week and down 179,000 MT (-19.55 percent) since 3 March. It was also 253,700 MT lower (-25.62 percent) than the volume at the end of March 2016. Among all the regions, estimated soymeal inventories increased 14,600 MT (+14.27 percent) to 116,900 MT in th...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
