Two factors enabled the Canadian pork industry to greatly benefit in the past year from a surge in exports to China, hitting a record of nearly 314,000 MT with an approximate value of $436 million. However, it is now facing a potentially heavy blow.
Oilseeds Soymeal Inventories Reach Highest Level Since Early 2016 As of 9 June, China’s estimated soymeal inventory reached its highest level since mid-January 2016 at a total 1,404,600 MT. Nationwide, soymeal inventories were up 19,400 MT (+1.4 percent) from the previous week and 704,700 MT higher (+100.7 percent) than at the end of the first full week in June 2016. Unlike previous weeks, however, they did not increase in all regions. In Guangdong and the Northeast, inventori...
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...
