The idling of several packing plants is now having a trickledown impact through the value chain. After Smithfield closed its Sioux Falls pork packing plant, its also closed a plant in Missouri that makes ham and processed products and a plant in Wisconsin that makes bacon and sausage. Both receive raw material from Sioux Falls. Likewise, a Cargill case ready plant in Pennsylvania has also been idled. These of course are in addition to the actual slaughter operations that are idled. The table below, which we have been updating daily, shows the facilities impacted.
Of course, the impact of interrupted plant operations is trickling upstream to the livestock markets. Meat prices are on a roller-coaster ride. Prices for certain cuts went from...
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...
