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Global Ag News For Aug 11.2025

TOP HEADLINES

Trump urges China to quadruple soybean orders

  • Trump asks China to buy more U.S. soybeans
  • China-US tariff truce deadline looms
  • Analysts say quadrupling soybean orders is ‘highly unlikely’

U.S. President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal.

In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the U.S.

“Rapid service will be provided. Thank you President XI,” Trump said in his post.

The most active soybean contract on the jumped 2.38% to $10.11 a bushel at 0637 GMT on Monday after Trump’s post. The contract was steady earlier.

China, the world’s largest soybean buyer, imported roughly 105 million metric tons last year, just under a quarter coming from the U.S. and most of the remainder from Brazil. Quadrupling shipments would require China to import the bulk of its soybeans from the U.S.

“It’s highly unlikely that China would ever buy four times its usual volume of soybeans from the U.S.,” said Johnny Xiang, founder of Beijing-based AgRadar Consulting.

A tariff truce between Beijing and Washington is set to expire on August 12, but the Trump administration has hinted that the deadline may be extended. It is unclear if securing China’s agreement to buy more U.S. soybeans is a condition for extending the truce as Trump looks to reduce China’s trade surplus with the U.S.

China’s soymeal futures fell 0.65% to 3,068 yuan per metric ton on expectations U.S. imports could increase supply.

China’s Ministry of Commerce did not immediately respond to a Reuters request for comment.

Under the Phase One trade deal signed during Trump’s first term, China agreed to boost purchases of U.S. agricultural products, including soybeans. However, Beijing fell far short of meeting those targets.

This year, amid Washington–Beijing trade tensions, it has yet to buy any fourth quarter U.S. beans, fuelling concerns as the U.S. harvest export season approaches.

“On Beijing’s side, there have been quite a few signals that China is prepared to forego U.S. soybeans altogether this year, including booking those test cargoes of soymeal from Argentina,” said Even Rogers Pay, an agricultural analyst at Trivium China.

Reuters previously reported that Chinese feedmakers have purchased three Argentine soymeal cargoes as they aim to secure cheaper South American supplies amid concerns about a possible soybean supply disruption in the fourth quarter.

U.S. soybean industry has been seeking alternative buyers, but no other country matches China’s scale. Last year, China imported 22.13 million tons of soybeans from the U.S., and 74.65 million tons from Brazil.

 

FUTURES & WEATHER

Wheat prices overnight are up 3 1/2 in SRW, unchanged in HRW, up 3 1/4 in HRS; Corn is up 2 1/2; Soybeans up 22; Soymeal up $3.50; Soyoil up 0.87.

Markets finished last week with wheat prices up 3 in SRW, up 2 3/4 in HRW, up 3 1/2 in HRS; Corn is up 1/2; Soybeans up 15 1/4; Soymeal up $4.40; Soyoil down 0.79.

For the month to date wheat prices are down 5 1/4 in SRW, down 8 in HRW, up 2 1/4 in HRS; Corn is down 5 3/4; Soybeans up 20 1/4; Soymeal up $12.70; Soyoil down 1.34.

Year-To-Date nearby futures are down 5.8% in SRW, down 7.1% in HRW, down 3.2% in HRS; Corn is down 16.0%; Soybeans down 3.2%; Soymeal down 11.1%; Soyoil up 33.4%.

Chinese Ag futures (SEP 25) Soybeans down 30 yuan; Soymeal down 19; Soyoil up 4; Palm oil up 66; Corn up 2 — Malaysian Palm is up 129.

Malaysian palm oil prices overnight were up 129 ringgit (+3.03%) at 4384.

There were changes in registrations (-54 Soymeal). Registration total: 34 SRW Wheat contracts; 4 Oats; 0 Corn; 761 Soybeans; 667 Soyoil; 1,665 Soymeal; 419 HRW Wheat.

Preliminary changes in futures Open Interest as of August 8 were: SRW Wheat down 9,607 contracts, HRW Wheat up 1,951, Corn down 13,086, Soybeans up 9,419, Soymeal down 539, Soyoil up 1,368.

 

Northern Plains: Additional rain fell near the Canadian border over the weekend and more will fall across these areas on Monday as well. An additional front will move in midweek and bring sporadic showers into the weekend as it stalls. The rain is favorable for filling corn and soybeans, but could impact wheat quality and harvest.

Central/Southern Plains: A front brought scattered showers and areas of heavy rain and severe weather over the weekend. Significant wind damage was recorded in Nebraska and Kansas. The front continues to slowly progress through the region Monday and Tuesday as well. Sporadic showers may develop throughout the rest of the week before the next front moves in this weekend. Temperatures will be rising ahead of this front and could be stressful to some areas that are still on the drier side of things.

Midwest: A slow-moving front has been working through the region this weekend, bringing some areas of heavy rain and severe weather. Flooding has been an issue in several areas from northern Missouri into southern Wisconsin. The responsible front will continue to slowly push east this week, bringing more rain eastward to some drier areas. Another front will move into northwestern areas later this week and stall a couple of days before moving eastward next week. Most areas should get chances for at least moderate rainfall over the next week to 10 days, helping with filling corn and soybeans. However, areas of flooding could cause issues as well.

Delta/Lower Mississippi: Some isolated showers fell across the region this weekend, but most areas were dry. Showers will increase this week as a front slowly sags through the region and largely stalls, continuing showers into next week. With the region continue to edge toward harvest, rainfall will become less and less important for building yield and more of a hindrance to harvest. The tropics are also starting to become more alive and will need to be watched, though no immediate impacts are forecast for at least the next week.

Canadian Prairies: Areas of heavy rain over the last week have been favorable for later-developing crops, but has been a negative factor for maturing and early harvest in other areas. Those across the north and east have seen beneficial rainfall to reduce drought and could make for another cutting of hay as we see more rainfall chances coming through this week and weekend in three separate waves of showers. It should also help to battle the wildfires across the north.

Brazil: It was drier but colder this weekend as some areas of frost were noted across the south. That may have had some impact on early-developing wheat in a few spots, but overall should not have been all that damaging. Spring planting will begin in about a month as long as soil moisture is favorable across the south. It will be drier for the next week, but we could see another front move in next week with showers across the south.

Argentina: Colder temperatures this weekend led to widespread frosts and some freezes. Another front should bring another round of cold temperatures later this week and weekend. Wheat should still be vegetative and not be all that impacted from the cold, but will be heading later this month and is in need of some rainfall.

Europe: It was largely dry over the weekend with some spotty showers in the northeast. Though a couple of fronts will move through this week, showers will be very limited. Temperatures are forecast to be warmer this week as well, which will put stress on filling corn, but be favorable for the remaining wheat harvest.

Black Sea: It was hotter and drier over the weekend, favoring wheat harvest, but continues to be concerning for filling corn. A front will move through on Monday with limited showers and another could do the same this weekend, but finding good weather has been tough for corn and sunflowers this year.

Australia: A front moved through Western Australia with showers over the weekend, favorable for building soil moisture there. The front will lose its strength moving through eastern areas early this week though. Another front will do something similar later this week. Though wheat conditions are improving in the west, they’ve been more stagnant and fair in the east. Wheat and canola in the southeast should get into their reproductive stages later this month and could use some more rain in which to do so.

China: A front brought needed rainfall to the North China Plain this weekend, which has endured bouts of hot and dry conditions throughout the season. The front responsible will continue showers in portions of central China for the rest of the week. Another disturbance is forecast for late week with some more favorable rain chances for filling corn and soybeans. Areas in the northeast have had more consistent rainfall and variable temperatures, with largely favorable weather for corn and soybeans there.

 

RAINFALL BENEFITS CORN AND SOYBEAN CROPS IN THE NORTH PLAINS AND MIDWEST

LSEG/Reuters

What to Watch:

  • Warmer-than-normal temperatures in most of the U.S during the 15-day outlook
  • Wet spells in the North Plains and Midwest

 

The player sheet for 8/8 had funds: net sellers of 500 contracts of SRW wheat, sellers of 1,000 corn, sellers of 3,000 soybeans, buyers of 500 soymeal, and sellers of 5,500 soyoil.

TENDERS

  • CORN SALE: Exporters sold 125,000 metric tons of U.S. corn to unknown destinations for 2025/2026 delivery, the U.S. Department of Agriculture said.
  • WHEAT PURCHASE: An importer group in the Philippines is believed on Friday to have bought around 50,000 metric tons of animal feed wheat, expected to be sourced from Australia

PENDING TENDERS

  • RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp issued international tenders to purchase an estimated 45,200 metric tons of rice to be sourced from Vietnam and Thailand
  • WHEAT TENDER: Jordan’s state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat that can be sourced from optional origins.
  • BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley.

 

 

 

TODAY

Brazil Harvest 79.41% Of 2025 Second Corn Area – Patria Agronegocios

  • BRAZIL FARMERS HARVEST 79.41% OF 2025 SECOND CORN AREA VERSUS 90.19% AT THIS TIME LAST YEAR – PATRIA AGRONEGOCIOS

 

Analyst APK-Inform revises down Ukraine 2025 oilseeds, vegoil outlook

Analyst APK-Inform has revised down its Ukraine 2025 sunflower seed harvest and sunflower oil output forecasts due to poor weather in the country’s southern regions, the consultancy said on Monday.

APK-Inform said Ukraine’s sunseed output could total 13.8 million metric tons, against a previous forecast for 14.6 million tons, while sunflower oil production is seen falling to 5.94 million tons from a prior estimate of 6.22 million tons.

The consultancy also cut its forecast for Ukraine’s rapeseed crop and exports, as well for soybean production and sales.

 

Ukraine’s Grain Exports Drop 55% Y/y at Start of New Season

Ukraine has exported 2.1 million tons of grain since the season started on July 1, versus 4.7 million tons at a similar time last year, the country’s agriculture ministry said on its website.

  • Total includes:
    • 1m tons of wheat, down 49% y/y
    • 329,000 tons of barley, down 51%
    • 706,000 tons of corn, down 62% y/y
  • Ukrainian farmers have already harvested almost 20m tons of grains and legumes vs 27.3m tons at the same period last year, according to the ministry’s data
    • Total include almost 15m tons of wheat vs almost 21m tons last year

 

Malaysia’s palm oil stocks rise to highest in nearly two years

Malaysia’s palm oil stocks rose for a fifth consecutive month in July to their highest level in almost two years as production growth outpaced exports, data from the industry regulator showed on Monday.

The rise in inventory in the world’s second-biggest producer of the tropical oil could weigh on benchmark Malaysian futures FCPOc3, which were trading near their highest in nearly four months.

Palm oil inventories at the end of July rose 4.02% over the month to 2.11 million metric tons, the highest since December 2023, data from the Malaysian Palm Oil Board (MPOB) showed.

Crude palm oil production was up 7.09% in July from June to 1.81 million tons, the highest since September last year, while palm oil exports increased by 3.82% to 1.31 million tons after a large fall in June, the MPOB said.

A Reuters survey had forecast Malaysian inventory at 2.25 million tons, with output seen at 1.83 million tons and exports at 1.3 million tons.

Malaysian July exports were capped by aggressive selling at a discount by rival Indonesia, which wanted to ship as much as possible before a higher export duty becomes effective in August, said Tajgir Rahman, general manager, trading and procurement at IFFCO.

Exports from Malaysia will rise in August, as Indonesia’s move to raise its export tax narrows the discounts that Indonesian shipments had been enjoying over Malaysian supplies, he said.

Malaysia’s palm oil exports in the first ten days of August rose 23.3% compared to the first ten days of July, cargo surveyor Intertek Testing Services said on Sunday.

The rise in palm oil stocks is not burdensome for the market, as production in August is underperforming, while exports are picking up, said Anilkumar Bagani, research head of Mumbai-based vegetable oil broker Sunvin Group.

 

Indonesia tells palm oil producers to raise local sales of cooking oil

Indonesian trade authorities are asking palm oil producers to increase their average sales of cooking oil to the local market under the so-called Domestic Market Obligation scheme to reduce prices, a trade ministry official said on Monday.

Producers in Indonesia, the world’s biggest exporter of palm oil, have to sell some of their output locally at a capped price to gain export permits.

Jakarta banned exports of all palm oil products for three weeks in 2022 to control domestic cooking oil prices, shocking the global vegetable oil market. The Domestic Market Obligation (DMO) scheme was introduced after that to manage local prices.

Palm oil producers were asked to maintain the DMO level at 175,000 metric tons of cooking oil per month until the end of the year by trade ministry officials last week, Nawandaru Dwi Putra, a director at the ministry, told an inter-ministerial government meeting on Monday.

Sales in the April to June period under the scheme were just under 157,500 tons of cooking oil on average per month, but had already improved to 204,559 tons in July, according to ministry data.

“We understand that the DMO is closely related to exports and crude palm oil prices in the international market, but we hope all producers can consistently realise DMO at the 175,000-ton level to ensure adequate supply domestically,” Nawandaru said.

The government wants to bring down the price of cooking oil sold under the “Minyakita” brand, which is pegged to the DMO, Nawandaru said.

Minyakita was sold above the price cap of 15,700 rupiah ($0.97) a litre in the last few weeks, underlining Monday’s price level of 16,699 rupiah a litre, he said.

A spokesperson for the trade ministry declined to comment on whether producers would face penalties for not meeting their DMO targets.

 

Indonesia Signals Later Start to Higher Biodiesel Blending Plan

Indonesia signaled it would be boosting its mandatory biodiesel blending program sometime later in 2026, an energy official said, a move likely to ease immediate concerns over how tight palm oil supplies have been in the world’s top grower in recent years.

Preparations remain on track to increase fuel blending from 40% to 50% after January, said Director General for New and Renewable Energy, Eniya Listiani Dewi. She added that safety tests that take six to eight months to carry out, had not yet been scheduled.

“Our minister and deputy minister plan for it to start in 2026, but have not decided the month,” she said.

Indonesia has long harbored ambitions of being a regional leader in blending palm oil with diesel to create biofuel, and using it to enhance energy security by slashing dependence on energy imports. But palm oil production has stagnated in recent years due to old trees and slow replanting.

The country currently runs the B40 program, which requires gasoil sold at fuel stations to be mixed with 40% palm-based biodiesel. That rerouting of supplies is seen reducing Indonesia’s exports of the widely used edible oil by 7% to 27.5 million tons this year, according to the Indonesian Palm Oil Association.

Ramping up the program to B50 needs domestic biodiesel producers to add 4 million kiloliters of capacity to the existing 20 million kiloliters, according to the Indonesian Biofuel Producers Association. Some plants are starting to add that capacity this year, Dewi of the energy ministry said.

Road tests will also need to be conducted to determine if cars can safely use the higher blend of biofuel, she said, adding that the government had not yet decided on a schedule.

 

World food prices at 2-year high on rising meat and edible oils, FAO says

World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations’ Food and Agriculture Organization said.

The FAO Food Price Index, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July, a 1.6% increase from June, FAO said.

That was the highest reading since February 2023, though the index was 18.8% below its peak of March 2022, which followed Russia’s full-scale invasion of Ukraine.

FAO’s meat price index hit a new all-time high of 127.3 points, up 1.2% from its previous peak in June, as strong import demand from China and the United States boosted beef and sheep meat prices, the agency said.

U.S. beef imports have climbed after drought led to a decline in the domestic cattle herd. China shipped in record amounts of beef last year amid growing popularity of the meat, though an official probe into imported beef has raised uncertainty about Chinese demand.

In other meat markets, poultry prices rose slightly following the resumption of imports of Brazilian chicken by major buyers after Brazil regained its avian influenza-free status following action against a first farm-level outbreak.

In contrast, pig meat prices declined due to sufficient supplies and lower demand, particularly in the European Union, FAO added.

The agency’s vegetable oil index surged to 166.8 points, up 7.1% month-on-month and the highest level in three years.

This increase was driven by higher quotations for palm, soy, and sunflower oils due to robust global demand and tightening supplies, though rapeseed oil prices fell as new-crop supplies arrived in Europe, FAO said.

FAO’s cereal price benchmark eased to its lowest in almost five years, reflecting seasonal supply pressure from wheat harvests in the Northern Hemisphere.

Its separate rice index dropped 1.8% last month, driven by ample export supplies and weak import demand.

Dairy prices edged down for the first time since April 2024, with declines for butter and milk powders offsetting further gains for cheese.

FAO’s sugar price index eased for a fifth consecutive month on expectations of increased production in Brazil and India, despite indications of recovering global sugar import demand, the agency said.  FAO did not update its cereal supply and demand estimates this month.

 

Russia exports 1.78 mln tonnes of wheat in July, forecast for Aug at around 3.55 mln tonnes – Rusagrotrans

Russia exported 1.78 million tonnes of wheat in July, including supplies to countries of the Eurasian Economic Union (EAEU), compared to 2.8 million tonnes a year earlier, according to an estimate provided to Interfax by the analytical center of Rusagrotrans.

Egypt led in purchases of Russian wheat, with 371,000 tonnes shipped. Turkey ranked second, importing 228,000 tonnes. Saudi Arabia closed the top three with 128,000 tonnes.

Sudan and Nigeria followed, purchasing 135,000 and 92,000 tonnes of Russian wheat, respectively.

For August, the analytical center forecasts export growth to nearly 3.55 million tonnes compared to July. A total of 5.65 million tonnes of wheat were shipped to foreign markets in August 2024.

 

SOYBEAN/CEPEA: High demand boosts liquidity in Brazil

Trades involving soybean and byproducts are moving at a good pace in Brazil in this early August. This is related to the firm demand from abroad, especially from China, and to the high demand from the crushing industry in Brazil.

Sales to the international market in July highlight the good demand for the national product. Brazil shipped 12.25 million tons of soybean last month, a record for the month, but downing 8.7% compared to June. From January to July this year, exports hit the record of 77.2 million tons – data from Secex.

In spite of the firm demand, the dollar decrease against Real limited price rises. The US dollar dropped 3% from July 31 to August 7, closing at BRL 5.435 yesterday. The CEPEA/ESALQ Index (Paranaguá) increased 0.6%, closing at BRL 139.04 per 60-kg bag on Aug. 7. The CEPEA/ESALQ Index (Paraná) downed slightly 0.5% in the same comparison, to close at BRL 132.17 per 60-kg bag.

On the average of the regions by Cepea, soybean prices in the over-the-counter market (paid to farmers) rose 0.4% and 0.6% in the wholesale market (deals between processors) between July 31 and August 7.

 

CORN/CEPEA: Record production and low exports keep downward trend

The record second crop in Brazil, the slow pace of exports and the fact that purchasers are unwilling to trade keep the downward trend for domestic prices.

In spite of frosts and/or diseases in some producing areas, expectations indicate high production so far, due to the area increase and higher productivity. Current prices at ports are not attractive to Brazilian producers and the international demand is low, a scenario that has been limiting the flowing to the international market. Consumers in Brazil expect new price drops due to the progress of the harvesting.

 

“Dazzled”: producers from around the world come to Argentina in search of technology

“We are interested in adapting no-tillage technology to our reality, it is a mission given to us by the government”, said Segundo Guerrero Junior , an official of the Department of Agriculture of the Philippines and farmer in a three-hectare family farm, during his participation in the Aapresid “Open Code” Congress.

Guerrero Junior, who together with an official delegation visited Pergamino and Salto, was ” dazzled ” by the Argentine productive system, although he acknowledged that transferring it to his country will be a challenge. “There we dedicate 3.5 million hectares to rice and 800 thousand to corn. It is very little. The average area is 2 hectares, so when we see that here a producer manages 500, 800 or more than 1,000 hectares, we are very surprised,” he said.

In terms of productivity, the difference is also marked: “our average yields are 4.3 tons per hectare of rice and 4.1 tons per hectare of corn. In Pergamino, producers told us that they obtain more than 7 tons of corn”, he added. For the official, contact with Argentine producers and companies in the sector is key to learn about technologies and models that can be adapted to the scale and conditions of the Philippines.

This interest had a concrete space for exchange in the first face-to-face business round in the history of the Aapresid Congress, held at the Gran Central restaurant of the fairgrounds of La Rural de Palermo. There, Guerrero Junior had scheduled a series of meetings with Argentine businessmen to explore cooperation opportunities.

The activity brought together almost 70 leading companies in the sector with producers from all over the country , in one-on-one meetings organized through an intelligent digital platform. Each meeting lasted 20 minutes and focused on moving towards concrete agreements and commercial benefits. With more than 100 registered participants and 70% of the meetings actually held, the proposal’s debut showed a high level of interest and effectiveness.

The most requested items were technology, biotechnology, precision agriculture, fertilizers, drones, software, fertilizers, agricultural machinery, vegetable oils and agrochemicals. Participating producers agreed on the usefulness of the face-to-face contact and the possibility of accessing innovative proposals that they did not know about.

In closing, Marcelo Torres, president of Aapresid, said: “I think we have to continue working on the proposal, to make it grow. We are leaving with better ideas to streamline and expand these spaces that are so conducive to linking producers with companies”.

 

Argentina became the world’s largest peanut exporter

In the last season, Argentina became the world’s largest peanut exporter in terms of volume, with foreign sales of about USD 1.19 billion. This is the highest value for the period 2002-2024 and is 12% higher than in 2023.

Data from the Argentine Agency for Investment and International Trade (AAICI) show that the volume exported by the country represented 23% of total world sales, surpassing India (historical leader in the field), China, the United States and Brazil.

In the last decade, moreover, the value of Argentine peanut exports increased 80%, while total sales grew by around 18%. In this way, the foreign operations of the complex surpassed, for example, the steel, wine, fruit and aluminum industries.

Of Argentina’s total peanut exports to the world, 80.1% (USD 955 million) came under the heading “Raw peanuts without shell”, which includes the variants “peanuts with skin” and “blanched peanuts”; 12.2% (USD 145.5 million) went to “Peanut preparations”, which includes “roasted peanuts” and “peanut butter”; 7% (USD 83.7 million) to “Peanut oil”; and 0.7% (USD 8.6 million) to “By-products of oil extraction”.

 

NOAA Still Predicts Above-Normal Atlantic Hurricane Season — OPIS

The National Oceanic and Atmospheric Administration predicted that the Atlantic hurricane season will remain on track for above-normal storm activity with between 13 and 18 named storms.

The agency said it expects 13 to 18 named storms with winds of at least 39 miles per hour, of which five to nine could become hurricanes with winds of 74 mph or higher, including two to five major hurricanes with winds of at least 111 mph.

The latest prediction from NOAA is largely in line with its initial forecast in May, when it estimated 13 to 19 named storms, six to 10 hurricanes, including three to five major hurricanes.

The forecaster said the adjusted ranges are for the entire Atlantic Hurricane season from June 1 to Nov. 30, and they are inclusive of the four named tropical storms that have already formed. NOAA typically issues a midseason update in early August following its forecast in May.

The administration expects elevated Atlantic tropical storm activity because of warmer-than-average sea surface temperatures in the tropical Atlantic Ocean and Caribbean Seas combined with an active West African Monsoon.

In addition, neutral ENSO conditions, meaning there is neither an El Niño or La Niña to influence the season’s storm activity, are also favorable for storm formations, it said.

NOAA said the likelihood of above-normal activity is 50%, there is a 35% chance of a near-normal season and a 15% chance of a below-normal season, with the latest prediction similar to its May outlook.

In early July, Tropical Storm Chantal made the first U.S. landfall of the season and brought high winds and deadly flooding to the Carolinas during the Independence Day holiday weekend.

Hurricane forecasters typically don’t predict in their long-term forecasts how many storms will make landfall in the continental U.S.

Private forecaster AccuWeather said it now predicts three to five named storms to form during August, citing a ramp up of tropical wave activity off the west coast of Africa and favorable conditions in the Atlantic.

Colorado State University’s hurricane forecast team maintained its July outlook for a “slightly above-normal” Atlantic hurricane season because of warm sea surface temperatures across the eastern and central Atlantic and neutral ENSO conditions.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

 

US Pork Production Up 0.6% This Week, Beef Rises: USDA

US federally inspected pork production rises to 495m pounds for the week ending Aug. 9 from 492m in the previous week, according to USDA estimates published on the agency’s website.

  • Hog slaughter up 0.6% from a week ago to 2.35m head
  • Beef production up 0.2% from a week ago, cattle slaughter rises 0.2%
  • For the year, beef production is 3.6% below last year’s level at this time, and pork is 2.1% below

 

 

 

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