Hogs and Pigs Preview USDA will release its quarterly hogs and pigs report tomorrow. Pre-report estimates from the industry peg the total swine inventory at approximately 77.3 head, which is 103 percent of last year, which set a record for the 1 September herd.
If the predictions are correct, that would also be 102.4 percent of the 1 June inventory, which was a record as well. Pre-report estimates of animals kept for breeding are 101.4 percent of last year and kept for marketing estimates come in at 103 percent year-over-year. The thing to watch will be USDA’s estimates of September to November farrowing intentions (as well as for the December to March quarter). In the last report, producers reported their intentions...
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...
