Stirring Through the Ashes after the Tyson Fire Tomorrow will mark three weeks since the major fire that shutdown the Tyson beef packing plant in Garden City, Kansas, but cattle slaughter volumes have been holding up, actually increasing for the two weeks after the fire compared to the two weeks before the plant closure. The gain has come mostly through Saturday slaughter and some plants shifting cow slaughter to fed steers and heifer.
With the timing of the fire coming before the Labor Day holiday, retailers reacted by buying up supplies and boxed beef prices charted out like a hockey stick, while negotiated dressed cattle prices looked like an upside down hockey stick. As an aside, even the drop-value of off al...
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...