According to China Customs data, 181,900 MT of pork were imported in February, an increase of 153.8 percent compared with the same month a year ago. The ongoing success of shipments from Canada, the EU and the U.S. during the first quarter of 2017 can be attributed to one particular factor.
Oilseeds Soymeal Inventories Reverse Course, Up Significantly China’s estimated soymeal inventory had climbed to 719,200 MT as of 21 April, surging 92,700 MT (+14.8 percent) over the previous week. However, it was lower than the estimated 804,200 MT one month ago and 60,700 MT less (-7.78 percent) than the same week in 2016. Among the regions, only the Northeast experienced a decrease as its soymeal inventories fell 1,000 MT (-7.35 per...
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...
