Oilseeds Soymeal Inventory Recovers Ground on Improved Feed Demand With feed demand from poultry and aquaculture continuing to expand on the backs of China’s beleaguered hog industry, soymeal sales have begun to rise again. As of 17 May 2019, China’s estimated soymeal inventory stood at 616,600 MT, up 25,900 MT (+4.4 percent) from the previous week but down 590,800 MT (-48.9 percent) on an annualized basis. The main driver of the uptick was again the growing stocks in Guangxi Province, which climbed 23,000 MT (+41.8 percent) to 78,000 MT. With its access to the Gulf of Tonkin, the province produces a fair amount of poultry and has a strong aquaculture industry.
Imported Soybean Inventory Reverses Course After a string of s...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
