Meat Stocks Decline but Await New Demand USDA issued its monthly Cold Storage report just before the government closed for Christmas Eve and while major meat supplies were down relative to November’s report, they remain on trend higher than the previous year. For example, total red meat in freezers were down two percent from November but were two percent higher than in December of last year.
Stocks of frozen pork were down 6 percent from last month but still remain sharply higher (up 13 percent) from a year ago. One exception in the trend is pork bellies, which were up 14 percent from November and 40 percent higher than last year.
Like red meat, poultry supplies were down 10 percent for the month but up one percent higher than...
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...
