Hog population stable YOY heading into fall

USDA’s quarterly Hogs & Pigs report put the Sep. 1 population at 79.1 million head, up less than 1 percent from Sep. 1, 2019 and down almost 1 percent from the Jun. 1, 2020 number. Usually, we see a modest increase in the hog [...]

24.2 MMT of 2020/21 soybean exports already sold

As of Aug. 27, the U.S. had pre-sold 24.2 MMT of new-crop soybeans, beating the previous sales record set in 2013/14 of 23.9 MMT of 2014/15 soybeans. USDA is currently forecasting 2020/21 U.S. soybean exports at 57.8 MMT (2.125 billion bushels), a return to [...]

Food Price Index down in last four reported months

The FAO Food Price Index rose for a second straight month. Adjusted for inflation, the index rose 1.2 percent month on month (MOM) in July after gaining 2.3 percent in June. The sugar price index gained for a third straight month, albeit more slowly [...]

Broiler production recovering, egg production still down

Broiler hatches during the month of June totaled 828.3 million chicks, up 3 percent from May and nearly the same count as a year ago. Broiler eggs in incubators as of Jul. 1, at 700.5 million eggs, were up almost 1 percent year over [...]

Hog population up 5 percent from a year ago

As of Jun. 1, the U.S. hog and pig inventory numbered 79.6 million head, up 5 percent from June 2019 and up 3 percent from March 2020, stronger Q1-to-Q2 growth than usual. Q2 numbers may reflect pre-COVID-19 production assumptions, however, and year-over-year growth in [...]

FAO’s Food Price Index at 17-month lows

FAO reports that its Food Price Index (FPI) fell in May for the fourth consecutive month, bringing the Index to its lowest level since December 2018, a 17-month low. Adjusted for inflation, May’s FPI fell 2 percent from April and was down 6 percent [...]

Lower meat supply boosts sales of plant-based alternatives

Retail meat supplies are limited as both hog and cattle slaughter are down roughly 40 percent YOY, and consumers are buying excess meat to freeze for a later date, per Supermarket News. Various grocery store chains, including Costco and Kroger’s, have begun to limit [...]

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 [...]

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