The pent-up global pork demand is finally starting to take effect, and it would appear just in time for U.S. producers. July pork exports from the U.S. were 233,242 MT. That is an all-time monthly record (ahead of the previous record set in April 2018) and 132 percent of July 2018. Moreover, the value of those exports was $623.3 million, which was 134 percent of the same month last year and an all-time monthly record beating the previous high mark from November 2017. That has helped hog prices move above their three-year average.
Pork production typically increases in the September-November quarter with more hogs coming to market at heavier weights. On top of that seasonal pattern, however, the pig crop during the March...
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...
