This month, the Chinese Ag Ministry released a three-year plan to restore pork production, a goal the Ministry calls “very arduous.” The short-term objectives are: 1) stop the decline of the herd this month, 2) ensure recovery in 2020, and 3) restore normal production by 2021. The plan identifies “key tasks” including:
Subsidize the construction of large-scale farms; Increase support for on-farm machinery and technology; Streamline permitting of outdoor breeding farms; Increase local level subsidies for production; Implement interest rate concessions and guarantees, create short term loan program and implement production insurance; Construction of 120 breeding centers under an extension type...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
