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 [...]

China’s buying spree pushes soy complex to new heights

The soy complex extended its momentous run last week, hitting contract highs for futures connected to the 2020/21 marketing year. A combination of bullish factors supported the move: a tightening balance sheet, a surge in Chinese buying, and ongoing reports of troublesome weather in [...]

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 [...]

Soybeans affected by rise in U.S.-China tension

Soybean futures lost a little ground amid the rise in tension between the U.S. and China. May 22’s settle for the nearby contract was down over 11 cents from the start of the week. In the export market for the week ending May 14, [...]

Good export sales continue for soybeans

Net soybean export sales for the week of Oct. 10 were 1.6 MMT (58.8 million bushels), down 24 percent from the previous week’s strong showing. Outstanding sales were just over 13.0 MMT (477.8 million bushels), down 18 percent from outstanding sales a year ago—but [...]

U.S. pork exports rise to meet growing Asian Tiger

China’s swine herd is set to fall to 275 million head, representing a decline of almost 40 percent from levels before the African swine fever (ASF) outbreak. Recovery may be slow as producers are reluctant to add new head while potential for further infection [...]

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 [...]