The Chinese Ministry of Agriculture is projecting growth in meat output during 2016-20 and targeting “above scale” farms for this expansion. This signals an effort to reduce backyard farming and facilitate a more extensive integration of livestock production with feed mills.USDA’s Economic Research Service (ERS) recently published a paper on the growth of China’s feed industry and the impact that could have on corn and soybean markets (Development of China’s Feed Industry and Demand for Imported Commodities by Fred Gale, November 2015). It charts the development timeline for the nation’s feed industry over the last 40 years from 1974-75 when the first mills were built in China through today. The paper also provides background on the importa...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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