Tyson Fire and Cattle Markets As Matt Herrington reported on Monday, cattle futures were down the limit after Tyson’s packing plant in Garden City, Kansas suffered a major fire last weekend. It will be closed indefinitely, and following is a closer look at the impact. The plant has a capacity of approximately 6,000 head/day, and daily kills are estimated at 5,700 head. That is about 20 percent of Tyson’s capacity, 5 percent of national slaughter capacity and 23.5 percent of the slaughter capacity in Kansas. Obviously, these are significant numbers, but even more impactful is that the cattle on feed inventory as of 1 July was at a record 11.5 million head. Approximately 21 percent of all feeder cattle are located in Kansas. Pr...
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...
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