According to today’s USDA Hogs and Pigs report, the total swine inventory on 1 September was 77.7 million head, 103 percent of last year and of the 1 June inventory.
The numbers announced today overall were neutral to slightly bearish compared to the industry trade guesses prior to the report.
Sows farrowed in the June-August quarter were 3.18 million, exactly at the number reported as producers’ intentions in the last report. Farrowing was at 99 percent of last year, meaning the expansion came through efficiency; indeed, pigs saved per litter were 11.11, compared to 10.72 last year. Like last quarter, this was another record setting report. New records include: • 1 September inv...
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: 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...
