The voracious appetite for meat has been the greatest driver of soymeal demand in the last 25 years. Now the Chinese government seems to have decided that it wants to reduce the average consumption of meat by 50 percent in the future in order to achieve two goals. Chinese Government Wants 50 Percent Cut in Per Capita Meat Consumption The voracious appetite for meat has been the greatest driver of soymeal demand in the last 25 years. China now consumes half of the world’s pork and close to 15 percent of its broiler meat as well as large amounts of beef, sheep meat, duck meat and goose meat. It takes a great deal of soymeal, grains and other ingredients to produce that much animal protein.The Chinese government seems to have decided that it...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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