As demand for processed dairy products continues to rise globally, the big 5 cheese exporters continue to grow their markets, minus Australia. Continued drought in Australia has caused culling to continue, and the overall dairy herd size has continued to shrink. The USDA projects that demand for protein, in the form of meat and dairy…
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…
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…
