April soybean crush down slightly YOY

NOPA members crushed almost 160.0 million bushels of soybeans last month, down about 1 percent from April 2018. Some in the industry expected crush to surpass 161.6 million bushels and break last year’s record for the month, and while that didn’t happen, this season’s [...]

WASDE: Bearish corn & soybeans, sugar more steady

In the May 10 WASDE report, USDA’s 2019/20 forecasts left corn and soybeans in bearish territory, while sugar showed stability. U.S. corn stocks-to-use (STU) ratio was projected at nearly 17 percent, with ending stocks for 2019/20 expected to rise 16 percent compared to 2018/19. [...]

African swine fever: Hogs, China, & trade

One of the hottest current topics in agricultural markets is African swine fever, a virus ravaging the Chinese hog industry. Market concerns abound, from whether the virus can spread to other regions globally (such as the U.S.) to its potential impact on pork production [...]

Livestock and poultry populations up over 2 percent YOY

There were nearly 12.0 million head of cattle on feed as of Apr. 1, up 2 percent year over year and a recent record. March’s cold, wet weather in parts of the Plains and Midwest contributed to the higher number. May-Aug numbers should decline [...]

California beverage tax only mostly dead

Last year, then-Governor Brown surprised many by signing into law a fast-moving, 12-year ban on local soda taxes. Reports suggest that Brown had made the move to forestall a threatened voter initiative—backed by business groups—that would have made it significantly more difficult for counties [...]