December hog population up 3 percent YOY

In the recent Hogs and Pigs report, USDA put the U.S. swine herd at 77.34 million head as of Dec. 1, down less than half a percent from the Sep. 1 count and up 3 percent from December 2018. The average growth rate for [...]

Cocoa bean stocks end 2019 at decade low

Although the cocoa market is nearly one quarter into the new season and in the midst of main crop flow, stocks of cocoa beans in licensed U.S. warehouses have continued to fall, and December ending stocks hit their lowest point in ten years. Concern [...]

November soybean oil stocks rose despite production dip

NOPA members’ average soybean oil yield fell to 11.53 pounds per bushel in November, the lowest yield since 2017/18. Soybean oil production, at 1.90 billion pounds, was down 6 percent from October and down 2 percent from November 2018. Despite the decline in soybean [...]

Cold November stalls U.S. dairy output

Faced with a series of early winter storms moving their way across the U.S. and temperatures mostly below normal, USDA’s Milk Production report for November showed a stall in dairy herd numbers and yield mostly flat to marginally down from the prior month. In [...]

Mexico behind modest boost to corn export commitments

Mexico has booked more than a million metric tons of corn in two separate weeks this season, but even so, average weekly orders, at 340,400 MT, remained 10 percent below the same period last season. On the other hand, South Korea has yet to [...]

U.S. may impose greater tariffs on EU goods

The Trump administration may add or increase tariffs on EU products, including agricultural products, to combat subsidies from the EU to Airbus. According to CNBC, “The U.S. has long argued that subsidies to Airbus hurt American aircraft giant Boeing and that the EU’s efforts [...]

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