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 Middle East and towards West Africa and the Atlantic, though values are still just shy of all-time highs. Attacks in the Red Sea have died down this week with UKMTO reporting no new events. In contrast, the Strait of Hormuz has become increasingly perilous with Iran attacking and sinking several merchant vessels in the past week. The U.S. Federal Maritime Commission found after a recent investigation ...
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...
