Will supply disruption affect the honey market?

One of the fastest-growing exporters of honey to the U.S. has been India, and India has been our largest honey supplier since 2017, when it displaced Vietnam from the top spot. U.S. imports from India grew 12 percent by volume in 2019 over 2018, [...]

Will hemp soon be a viable animal feed option?

Hemp could become a viable feed source for livestock operations in a few years. The Hemp Feed Coalition (HFC), a program of Friends of Hemp, is requesting that the Association of American Feed Control Officials and FDA’s Center for Veterinary Medicine approve the use [...]

How much sugar will Mexico export to the U.S.?

In the April WASDE, USDA increased Mexico’s sugar production by 35,000 metric tons, to 5.235 MMT, and increased U.S. imports from Mexico by 34,000 short tons raw value, to 1.199 million STRV. USDA’s current estimate is realistic if Mexico’s sugarcane harvest stops in late May, [...]

Soybean oil prices crash under energy market tidal wave

Soybean values dropped additionally last week but nothing to match the price depreciation seen in soybean oil futures. The precipitous fall of nearby crude oil futures spilled into the rest of the edible oils complex, pushing soybean oil prices closer to $0.25 per pound. [...]

Cocoa grind growth mixed for major regions of use

European grind provided a more neutral tone at 373,625 MT in Q1 2020, up over 5% from Q4 2019 and up almost 1% YOY. This is a reversal from the previous three quarters, which all showed YOY declines. Asian Q1 grind was reported at [...]

One-two punch leaves dairy down for the count

Apr. 21 saw two bits of fresh news that left no doubt of continued pain for the dairy sector, with Fonterra’s GDT auction results down 4.2 percent followed by USDA’s milk production report showing continued growth in milk production in a market already woefully [...]

A domino effect: Meatpacking plant closures

Following multiple U.S. meatpacking plant closures, livestock producers are quickly reducing herds to limit profit losses. With such a quick drop in demand, many producers have nowhere to sell their ready-for-market hogs or cattle. Some pork producers have found it most cost-effective to slaughter [...]

Soybean oil export sales fall back to average

April soybean oil export sales have come down from the elevated levels we saw during the second half of March and have been closer to average. For the week of Apr. 9, net soybean oil export sales were 21,180 MT, down 15 percent from [...]