Brazilian Fed Cattle Prices -January 2020

Brazilian fed cattle continue their high prices due to strong demand from exports (China), as well as tight supplies. Average year-over-year prices in January were up +16% over 2019, but noting a monthly decline from December of -$0.63 per lb, or -8.3%. With such a large shortage of pork in the world, substitutes like beef…

U.S. Hay Exports

U.S. hay exports as of October 2019 were up +5.6% YTD over 2018, with top markets in Asia and the Middle East. Saudi Arabia continues to be an emerging market with strong growth thanks to its decision to stop using groundwater for forage production. Asian growth has seen strong growth due to increased demand from…

ASF — Changing the Global Food Balance

African Swine Fever (ASF) is one of the worst animal health outbreaks in recent decades that will affect global protein and protein supply markets. As we begin 2020, news of upwards of 80% declines in hog herds in China should finally turn heads concerning the future of pork, and global protein markets in general. This…

The U.S. Soybean Export Rollercoaster

With the U.S. and China trade war hitting soybeans heavy, exports took a volatile ride in 2019. As the last export numbers come in, one thing is certain, big purchases helped bolster demand as the year ended, giving hope for the suffering soybean industry. As we move through the marketing year, and with the new…